Rate of Ransomware Attacks Falls Slightly, But Recovery Costs Hit $2.73 million
Sophos, a global leader of innovative security solutions that defeat cyberattacks, recently released its annual “State of Ransomware 2024” survey report, which found that the average ransom payment has increased 500% in the last year. Organizations that paid the ransom reported an average payment of $2 million, up from $400,000 in 2023. However, ransoms are just one part...
Despite the government’s increased efforts to prevent money laundering, the Philippines still remains on the Financial Action Task Force (FATF) gray list. Citing technical...
