Ransomware groups rebrand and claim more victims

January 26, 2023 – Published on Betanews

The latest report from the GuidePoint Research and Intelligence Team (GRIT) shows an increase in ransomware activity from Q3 2022 to Q4 2022, as rebranded ransomware groups significantly increased the number of publicly claimed victims.

No quarter of last year saw less than 569 total victims — with the biggest lull occurring in late June and early July, most likely attributed to the shift from Lockbit2 to Lockbit3, although challenges in the crypto currency market may have also had an impact.

Across the year on average, ransomware groups were responsible for publicly posting 6.87 victims per day to their respective leak sites.

As part of the report GRIT tracked 54 groups utilizing a double-extortion methodology, many of which are using a Ransomware as a Service (RaaS) model to increase productivity and maximize revenue. Every month in 2022 saw at least one new group emerge with double extortion capabilities.

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