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Executive Summary A mid-sized manufacturing company fell victim to a sophisticated ransomware attack that encrypted critical production systems. Our incident response team was engaged to contain the threat, recover operations, and implement preventive measures.
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The Alarming State of Ransomware in 2023 Ransomware has evolved from a nuisance to a sophisticated, multi-billion dollar criminal enterprise. In 2022 alone, global ransomware damages exceeded $20 billion, with attacks occurring every 11 seconds on average. As we enter 2023, the threat shows no signs of slowing down.