Ransomware groups like Black Basta and FunkSec are increasingly using AI to enhance their extortion tactics, resulting in significant financial losses, such as $724 million stolen using TrickBot malware. The report highlights the growing prevalence of extortion methods, including DDoS attacks, and offers insights into regional trends and mitigation strategies.

Ransomware is evolving with the integration of GenAI and LLMs, leading to more sophisticated attacks such as AI-driven phishing and quadruple extortion. Experts discuss how groups like CL0P and FunkSec utilize AI to enhance their operations and pressure victims, while emphasizing the need for defenders to implement AI-aware security measures across various platforms. Strategies for securing identities and leveraging API visibility against emerging threats are also highlighted.