Ransomware up 33 percent in May as new groups emerge
June 13, 2024 – Published on BetaNews
The latest GRIT Ransomware Report from GuidePoint Security shows that May this year resulted in a 33 percent increase overall in ransomware activity compared to April 2024, indicating a degree of seasonality given a similar increase month-on-month in May 2023 relative to April 2023.
May 2024 closed with an increase in overall victim volume. However, a deep review reveals that the rise was driven disproportionately by LockBit’s 175 posted victims, accounting for 37 percent of the month’s total publicly posted ransomware victims.
GRIT continues to observe year-on-year increases in the number of distinct ransomware groups operating too, with 38 unique groups claiming victims in May 2024, representing a 35.7 percent increase from May 2023, and showing increased dispersion of activity from small to big groups like Alphv/LockBit.
GRIT also began tracking four newly observed ransomware groups, which distinguish themselves with relatively quick starts, posting nearly ten victims in May 2024. This places them in the middle of the pack amongst competitors by victim volume and exceeding operational tempo.
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