Michael Rogers

Cybersecurity and the Ransomware Wave: How to Keep Europe Safe

Michael Rogers, Rik Ferguson, Maryam Hussain, Dave Palmer, Raj Samani

This analysis details the explosive growth of the ransomware economy, where criminal enterprises now leverage cryptocurrencies and AI to automate attacks and eliminate profit-sharing middlemen. The discussion further highlights how evolving threats targeting IoT, autonomous vehicles, and industrial systems are complicated by conflicting regulatory obligations that adversaries exploit to maximize extortion payouts. Finally, the summary examines the maturation of the cybercrime ecosystem into a "service" model alongside critical challenges in law enforcement prosecution, cyber insurance viability, and the need to shift organizational culture from fear-based compliance to empowered skepticism.