Ransomware in Q1 2024: Frequency, size of payments trending downwards, SMBs beware

April 19, 2024 – Published on HelpNetSecurity

With the distruption (temporary or otherwise) of big players like LockBit and Alphv/Blackcat and their attempts to cheat their affiliates of their due share for a successful attack, many affiliates have started searching for a safer port in the storm and smaller ransomware-as-a-service (RaaS) groups are trying to entice them to join their network.

GuidePoint Security researchers have recently advised ransomware victims (mostly small and medium size businesses) to think twice before paying off smaller/immature RaaS groups as they:

• Have less to lose if they don’t keep their word
• Often exaggerate their claims
• Often re-extort their victims.

Read More HERE.