Ransomware has evolved from its origins with the 1989 AIDs Trojan to a billion-dollar industry, extorting around $1 billion in cryptocurrency in 2023. With advancements like ransomware-as-a-service and potential targets on cloud infrastructures, experts warn this threat could grow into a $265 billion problem by 2031, highlighting an urgent need for enhanced cybersecurity measures. Source and details of the news
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