European organizations are grappling with a surge in ransomware attacks, with cybercriminals increasingly utilizing AI tools. Since January 2024, about 2,100 victims in Europe have been reported, marking a 13% rise. Europe now accounts for nearly 22% of global ransomware cases, making it the second most affected region after North America. The UK, Germany, Italy, France, and Spain are among the hardest-hit nations. Key sectors under threat include manufacturing, professional services, and technology. Cybercriminals exploit the EU’s GDPR during ransom negotiations and leverage financial incentives from Europe’s major corporations. Techniques have evolved, with attackers using AI to enhance phishing and reconnaissance efforts, and implementing Linux ransomware targeting virtual infrastructures. Despite law enforcement actions, underground forums support these illicit activities, maintaining a professional criminal economy. As vishing incidents rise, European organizations must remain vigilant against increasingly sophisticated threats. For real-time updates, follow us on Google News, LinkedIn, and X.
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