"Ransomware attacks surged 252% last year—hospitals, schools, and local governments are paying the price," said Brad Smith, Microsoft vice chair and president, during a Global Stage discussion at the 2025 Munich Security Conference.

Smith highlighted the evolving cybersecurity threats in 2025. While defenses have improved, China’s recent Salt Typhoon attack exposed vulnerabilities in US telecom networks, and ransomware has exploded—with over half of payments flowing to Russia and Iran. Smith warns that some of these attacks are state-sponsored or state-tolerated, calling for greater international collaboration to counter them.

Watch the full conversation here: Is the Europe-US rift leaving us all vulnerable?

This conversation is presented by GZERO in partnership with Microsoft from the 2025 Munich Security Conference in Munich, Germany. The Global Stage series convenes global leaders for critical conversations on the geopolitical and technological trends shaping our world.