Ransomware Remains a Leading Cyber Threat Despite RaaS Group Shakeups, GuidePoint Security Finds

October 17, 2024 – Published on VMblog

GuidePoint Security has announced the release of GuidePoint Research and Intelligence Team’s (GRIT) new Ransomware and Cyber Threats Insight Report.

Ransomware and Cyber Threat Insights: The Rise of Ransomware’s Middle Class provides an in-depth look at the evolving ransomware ecosystem, the top tactics, techniques, and procedures threat actors are utilizing, and emerging cybercrime trends from Q3-including an uptick in the creative use of social engineering and an emerging Ransomware-as-a-Service (RaaS) “middle class.”

“While RaaS groups have made efforts to fill the power vacuum left by AlphV and LockBit, there is still a notable gap in the ransomware ecosystem,” said Grayson North, Senior Security Consultant, GRIT. “Groups are more loosely affiliated than before, which is correlating with a wider, more diverse spread of victims, slower attack tempos and a stabilizing growth volume of active ransomware groups.”

The Ransomware and Cyber Threats Insight Report also explores the access techniques behind the continued success of more established RaaS groups such Akira and RansomHub, how new law enforcement approaches are impacting threat actors and a surge of ransomware victims in countries with rising economies.

Read More HERE.