In a growing wave of sophisticated cyber threats against the industrial sector, ransomware attacks jumped by 46% from Q4 2024 to Q1 2025, according to Honeywell's (Nasdaq: HON) new 2025 Cybersecurity Threat Report. The research also found that both malware and ransomware increased significantly in this period and included a 3,000% spike in the use of one trojan designed to steal credentials from industrial operators.