The Thales report highlights a global surge in ransomware attacks in 2022, rising 49% in the Americas, 49% in EMEA, and 50% in APAC. Average ransom demands reached 4.7 million dollars, while breaches cost 4.35 million on average, with the largest ransom hitting 40 million. Financial services led in preparedness, with 52% having formal response plans, while retail lagged at 45%. Attacks typically target exposed remote access points or exploit phishing to deliver ransomware. Thales recommends multi-factor authentication, encryption, access monitoring, and vulnerability management to mitigate risks.

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