Cybersecurity Companies Report Surge in Ransomware Attacks
August 23, 2023 – Published on SecurityWeek
Ransomware attacks continue to be highly profitable for cybercrime groups and the recent reports released by various cybersecurity firms show that they are increasing both in terms of volume and sophistication.
SecurityWeek has analyzed these reports and has created a summary of the most important findings and trends.
According to NCC Group’s July 2023 cyber threat intelligence report, the company saw over 500 attacks last month, an increase of 153% compared to one year ago, and a 16% increase compared to June, with the industrials sector continuing to be the most targeted. The company saw a 59% increase in ransomware attacks in Europe from June to July.
The surge recorded in recent months is in large part due to the Cl0p group, which targeted hundreds of organizations through the MOVEit hack. According to Emsisoft, 730 organizations and over 47 million people were hit directly and indirectly by the MOVEit attack as of August 19.
However, GuidePoint Security noted that the number of victims actually dropped in July if we exclude Cl0p’s MOVEit victims. On the other hand, the company saw 36 active groups in July, compared to 28 in the previous month.
In addition to Cl0p, the list of highly active groups includes LockBit, BlackCat (ALPHV) and an emerging group named 8Base.