New ransomware groups emerge but overall activity slows

October 13, 2022 – Published on Beta News

Research from GuidePoint Security shows eight new ransomware groups have emerged in the last quarter and that there has been at least one new ransomware group each month since January 2021.

The report, from the GuidePoint Research and Intelligence Team (GRIT), tracked 27 ransomware groups and 568 publicly posted victims in the third quarter of this year and shows a slight slowdown overall of ransomware activity from the previous quarter.

Manufacturing industry has seen an 18 percent drop quarter-over-quarter in public ransomware postings, it is still the most impacted industry, tied with technology, which has seen a 20 percent increase in ransomware victims.

Lockbit continues to dominate the activity from ransomware-as-a-service groups — it is still by far the most prolific ransomware group maintaining a 42 percent share of all publicly posted ransomware victims and targeting 48 countries in Q3. Meanwhile, Hive’s activity dramatically increased with a 104 percent rise in publicly posted victims. 12.8 percent of all reported Hive victims are in healthcare, twice the rate of Lockbit with 6.4 percent health sector victims.

Read More HERE.