Cybersecurity Landscape Shaken as Ransomware Activity Nearly Triples in 2024

Ransomware is one of the most persistent threats in the evolving landscape of cybercrime, but its escalation in 2024 has marked an extremely alarming turning point. Infiltrating hospitals, financial institutions, and even government agencies in a manner that has never been attempted before, attackers extended their reach with unprecedented precision, as if they were no longer restricted to high-profile corporations. These sectors tend to be vulnerable to such crippling disruptions in the first place. 

As cybercriminals employed stronger encryption methods and more aggressive extortion tactics, they demonstrated a ruthless pursuit of maximising damages and financial gain. This shift is demonstrated in the newly released data from threat intelligence firm Flashpoint, which reveals that the number of ransomware attacks observed in the first half of 2025 increased by 179 per cent in comparison to 2024 during the same period, almost tripling in size in just a year. 

Throughout the years 2022 and 2023, the ransomware landscape offered little relief due to the relentless escalation of threat actors’ tactics. As a result of the threat of public exposure and data infiltration, attackers increasingly used threats of data infiltration to force companies to conform to regulations. 

Even companies that managed to restore their operations from backups were

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