GuidePoint Security Finds Increased Ransomware Activity, New Group Behavior Patterns in Q1 2024 Ransomware Report
April 18, 2024 – Published on VMBlog
GuidePoint Security announced the release of GuidePoint Research and Intelligence Team’s (GRIT) Q1 2024 Ransomware Report.
In addition to revealing a nearly 20% year-over-year increase in the number of ransomware victims, the GRIT Q1 2024 Ransomware Report observes major shifts in the behavioral patterns of ransomware groups following law enforcement activity – including the continued targeting of previously “off-limits” organizations and industries, such as emergency hospitals.
“Overall, we’re seeing an increasingly volatile ransomware ecosystem. Law enforcement disruptions this quarter appear to have temporarily slowed or shifted operational activities of prolific Ransomware-as-a-Service (RaaS) groups, including Alphv and LockBit,” said Drew Schmitt, Practice Lead, GRIT. “Affiliates are the lifeblood of RaaS operations, and in the wake of these disruptions, we’ve already observed smaller RaaS groups attempting to recruit disaffected or displaced affiliates. While the long-term effects of law enforcement efforts are yet to be seen, we expect a turbulent Q2 as the RaaS landscape continues to evolve.”
Read More HERE.