Ransomware activity reached a new high in the fourth quarter of 2024 as cybercriminals used repeatable attack methods on VPN accounts, according to the recently released Q4 Travelers' Cyber Threat Report.
Groups targeted VPNs with weak credentials and those not protected by multifactor authentication, the data showed, resulting in 629 confirmed attacks in November, followed by a relative decline to 516 in December.
“It’s clear that basic attack techniques are still highly effective for ransomware groups,” said Jason Rebholz, vice president and cyber risk officer at Travelers.
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Joe Toppe
Joe Toppe serves as managing editor of PropertyCasualty360.com. Joe is also a father of three, an author, and longtime lover of baseball.
