Ransomware-as-a-service: Understanding the cybercrime gig economy and how to protect yourself

The security landscape has become increasingly challenging and complex for our customers. Threats have grown at an alarming rate over the last year, and cybercrime is now expected to cost the world USD10.5 trillion annually by 2025, up from USD3 trillion a decade ago and USD6 trillion in 2021.1

As attacks increase in scale, so must our defenses. Last year, Microsoft Security blocked over 9.6 billion malware threats and more than 35.7 billion phishing and other malicious emails. Microsoft Security is actively tracking more than 35 ransomware families and 250 unique threat actors across observed nation-state, ransomware, and criminal activities, and our technology blocks more than 900 brute force password theft attempts every second.

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Source: Microsoft Security