Ransomware attacks have become increasingly sophisticated and costly, with LockBit 3.0 emerging as a formidable adversary. This latest iteration of ransomware is not just a technical challenge but a financial nightmare, costing businesses millions in ransom payments, recovery expenses, and downtime. As organizations struggle with relentless cyber threats, understanding the mechanics, impacts, and preventive measures […]

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Shikha Dhingra

Source: Security Boulevard
Source Link: https://securityboulevard.com/2024/07/lockbit-3-0-the-rising-costs-of-ransomware-attacks/