Spread of ransomware attacks widen amid threat actor power struggle
July 26, 2024 – Published on SecurityInfoWatch
The GRIT Q2 2024 Ransomware Report observes major shakeups in the ransomware ecosystem following recent law enforcement operations.
While the number of Q2 ransomware victims remains relatively stable at a 9% quarter-over-quarter increase, the diversity of those victims – and the ransomware groups targeting them – is growing. The GRIT Q2 2024 Ransomware Report observes major shakeups in the ransomware ecosystem following recent law enforcement operations, including a shift in the industries and geographies most impacted by ransomware activity.
“The takedown of LockBit and departure of AlphV – two of the most prolific Ransomware-as-a-Service (RaaS) groups – has left a power vacuum that groups are scrambling to take over,” said Grayson North, Senior Security Consultant, GRIT. “There is no ‘new normal’ yet in the ransomware landscape. As a result, we’re seeing victims spread across a wider variety of industries, attacks attributed to more groups and new countries being targeted. We expect this volatility to continue throughout Q3 as previous norms fall by the wayside and new RaaS leaders surface.”
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