GuidePoint Research and Intelligence Team’s (GRIT) 2023 Q2 Ransomware Report Highlights a 100% Year-Over-Year Increase in Public Ransomware Victims
July 20, 2023 – Published on VMBlog
GuidePoint Security announced the release of GuidePoint Research and Intelligence Team’s (GRIT) Q2 2023 Ransomware Report. This report is based on data obtained from publicly available resources, including threat groups themselves, and insight into the ransomware threat landscape. In the second quarter, GRIT tracked 1,177 total publicly posted ransomware victims claimed by 41 different threat groups.
GRIT’s latest Ransomware Quarterly Report shows a 38% increase in public ransomware victims compared to Q1 2023, and a startling 100% increase from Q2 2022. Manufacturing and Technology, representing 14% and 11% of impacted industries respectively, continue to be the most impacted industries, a trend that has persisted from GRIT’s observations in 2022 and Q1 of 2023. The Consulting (+236%) and Insurance (+160%) industries experienced the greatest relative growth in observed ransomware attacks, contrasted with the relative decline experienced by Governments (-61%) and the Automotive (-59%) industry.
GRIT again observed an increase in the activity of Ransomware-as-a-Service (RaaS) groups throughout the quarter, attributed to 14 new groups that began operations in Q2 2023. This represents a 260% increase in “First Seen” groups compared to Q1. LockBit’s commanding lead in the Ransomware-as-a-Service (RaaS) economy can be observed across all five of the most impacted industries except Healthcare, where it faced competition from Bianlian and Karakurt.
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