CrowdStrike Reports 50% Rise in Cyber Attacks

Cyber attacks from state-backed Chinese hackers surged in 2024, with government intrusions increasing by 50% and cyber espionage campaigns rising by 150% across various sectors, according to CrowdStrike's Global Threat Report. The report indicates that the uptick in hacking activity is driven by China's concerns over Australia becoming a nuclear sea power due to the AUKUS partnership. Meanwhile, North Korean hackers are reportedly resorting to cryptocurrency theft and fraudulent job schemes to fund their weapon programs. The evolving nature of threats has prompted experts to emphasize the importance of integrating physical and cybersecurity measures, as the distinction between the two becomes increasingly blurred due to technological advancements. Organizations are urged to adapt their security strategies to address these converging threats, which now share common vulnerabilities. As cyber threats continue to evolve, experts recommend using multi-layered authentication and leveraging generative AI to enhance incident response and compliance.