Check Point Software Unveils Comprehensive 2024 Security Report, Highlighting Ransomware Surge and Artificial Intelligence (AI) Defence Innovations

Check Point Research (CPR), the Threat Intelligence arm of Check Point® Software Technologies Ltd. (https://www.Checkpoint.com/) (NASDAQ: CHKP), a leading AI-powered, cloud-delivered cyber security platform provider, released its much-anticipated 2024 Annual Security Report. This year’s edition delves into the increasing complexity of cyber threats, with a special focus on the dramatic rise in ransomware incidents and the […]

By

Check Point Software Technologies Ltd.

Check Point Research (CPR), the Threat Intelligence arm of Check Point® Software Technologies Ltd. (https://www.Checkpoint.com/) (NASDAQ: CHKP), a leading AI-powered, cloud-delivered cyber security platform provider, released its much-anticipated 2024 Annual Security Report. This year’s edition delves into the increasing complexity of cyber threats, with a special focus on the dramatic rise in ransomware incidents and the strategic use of AI in cyber security defences.

Reflecting on a year marked by significant cyber turmoil, the report highlights a 90% increase in publicly extorted victims of ransomware attacks. Such ransomware attacks now account for 10% of all malware detected by Check Point’s sensors. The Check Point Incident Response Team (CPIRT) observed that nearly half of their cases involved ransomware, with the number of publicly shamed victims soaring to approximately 5,000, doubling from the previous year.

Key Findings of the 2024 Security Report include:

  • Ransomware Evolution: Attackers have refined their strategies, leveraging zero-day vulnerabilities and enhancing Ransomware-as-a-Service (RaaS) with new extortion tactics. High-value targets are increasingly in the crosshairs, demonstrating the need for robust defence mechanisms.

  • Targeting Edge Devices: The report identifies a growing trend in attacks on edge devices, highlighting the critical need for comprehensive security measures that encompass all network elements.
  • Rise in Hacktivism: State-supported hacktivism has escalated, with notable increases in cyber activities tied to geopolitical conflicts. The use of destructive wipers for maximum impact underscores the evolving nature of cyber warfare.

Maya Horowitz, VP of Research at Check Point commented, “In an era of relentless innovation in cyber crime and accumulating tensions involving nation-state threat actors and hacktivists globally, organisations must adapt. Investing in stronger defences with robust AI-powered and cloud-delivered cyber security measures, and proactively fostering collaboration, is key to effectively safeguarding against these evolving dangers.” 

The 2024 Security Report serves as a crucial resource for organizations, policymakers, and cyber security professionals, offering deep insights into attack trends and providing guidance for strengthening cyber resilience. The findings are based on data drawn from the Check Point ThreatCloud AI Cyber-Threat Map (https://ThreatMap.Checkpoint.com/) which looks at the key tactics cyber criminals are using to carry out their attacks. A full copy of the report is available here (https://apo-opa.co/48pnCUM).

Distributed by APO Group on behalf of Check Point Software Technologies Ltd..

Follow Check Point via:  
LinkedIn: https://apo-opa.co/3ubUlyG 
X: https://apo-opa.co/3SEBgPG
Facebook: https://apo-opa.co/3QEdjFz
Blog: https://blog.Checkpoint.com   
YouTube: https://apo-opa.co/46dJB05

Media files
Check Point Software Technologies Ltd.
Download logo

This Press Release has been issued by APO. The content is not monitored by the editorial team of African Business and not of the content has been checked or validated by our editorial teams, proof readers or fact checkers. The issuer is solely responsible for the content of this announcement.

Want to continue reading? Subscribe today.

You've read all your free articles for this month! Subscribe now to enjoy full access to our content.

Digital Monthly

£8.00 / month

Receive full unlimited access to our articles, opinions, podcasts and more.

Digital Yearly

£70.00 / year

Our best value offer - save £26 and gain access to all of our digital content for an entire year!