Business of Tech: Daily 10-Minute IT Services Insights
Ransomware Payments Drop 35% as AI Tool Usage Surges; New Charter Acquires Orchestrate AI Labs
Feb 11, 2025
A significant acquisition shakes up the managed service provider landscape as New Charter Technologies inks a deal with Orchestrate AI Labs to boost AI integration. Meanwhile, ransomware payments plummet by 35% amid increased cybersecurity measures, although incidents continue to rise. The podcast also dives into concerns over unregulated generative AI tools in businesses, highlighting risks like data privacy issues and the decline in critical thinking. It's a fascinating look at the intersection of AI and cybersecurity in today's tech world.
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Quick takeaways
- The significant 35% drop in ransomware payments reflects improved cybersecurity measures and the disruption of major gangs, despite rising incidents.
- Organizations are facing challenges in managing numerous unauthorized generative AI tools, necessitating effective governance and oversight to mitigate compliance risks.
Deep dives
Decline in Ransomware Payments
Ransomware payments have seen a substantial decrease, with victims paying approximately $814 million in cryptocurrency last year, marking a 35% reduction from the previous record of $1.25 billion. This decline is attributed to intensified law enforcement actions disrupting major ransomware groups and a growing number of victims opting not to pay due to improved backup strategies and cybersecurity measures. However, despite the drop in payments, the number of reported ransomware incidents remains high, suggesting that attackers are targeting more victims while facing less compliance. The education, healthcare, and technology sectors emerged as the prime targets, with education alone accounting for 21% of all attacks.
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