This white paper from Fortinet explores the rapid rise of ransomware, which grew 35x in a single year. The proliferation of Ransomware-as-a-Service and crypto payments has made attacks easier and harder to trace. Threat actors increasingly target critical systems using phishing, social engineering, and malware like TrickBot and BazarLoader. Healthcare, finance, and education sectors are especially at risk. Tactics like data exfiltration before encryption make recovery harder. IoT and cloud infrastructure are now frequent targets. The paper stresses integrated, layered cybersecurity, not piecemeal defenses, as essential for mitigation.

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