Cryptocurrency-fuelled ransomware attacks, metaverse-related attacks, exploitation of flaws in application programming interfaces (API), and critical infrastructure attacks are among the key threats expected in 2022, according to Palo Alto Networks, a global cybersecurity company.
“Cybercriminals are getting richer than ever as cryptocurrency fuels the ransomware economy,” said Ian Lim, field chief security officer for Japan and Asia-Pacific at Palo Alto Networks.
“Cybercriminals will have more funds and resources to launch bigger attacks on critical infrastructure.”
Over the past year, Asia-Pacific has seen a significant increase in ransomware attacks, he said.
The “2021 Unit 42 Ransomware Threat Report” by Palo Alto Networks found the average ransom paid by an organisation in the first half of 2021 was US$570,000 — an 82%…
