Ransomware surges, despite aggressive defenses

In 2023, cybersecurity landscape altered due to general changes by the SEC, AI-enhanced cyberattacks, and a resurgence of ransomware. Although efforts were made to bolster defenses, there were notable challenges. Ransomware came back strong, notably affecting MGM Resorts and healthcare providers. Despite this, a survey found increased confidence in handling ransomware attacks among companies. However, the SEC’s new rule on reporting within four days and the rapid developments in AI pose future challenges, particularly for the healthcare and education sectors.