The Zscaler ThreatLabz 2023 Ransomware Report reveals a 37% increase in ransomware attacks from 2022 to 2023, with manufacturing, services, and construction sectors most targeted. Ransomware techniques evolved to include RaaS, encryptionless extortion, and the exploitation of major vulnerabilities like ProxyNotShell in Microsoft Exchange. Predictions for 2023-2024 include a rise in encryptionless attacks, AI-powered ransomware, and increased targeting of cyber-insured entities and public sectors. The report emphasizes the importance of zero trust security strategies and comprehensive prevention measures to combat the rising ransomware threat landscape.

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