Skip to content

The GRIT Ransomware Report Is Out: Similar Spring Seasonality Trends & Four Newly Observed Groups

June 13, 2024 – Published on The IT Nerd

GuidePoint Security has released its monthly GRIT Ransomware Report, unveiling that May resulted in a 33% increase overall in ransomware activity compared to April 2024, indicating a degree of seasonality given a similar increase month-over-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% of the month’s total publicly posted ransomware victims.

Active RaaS groups are also on the rise. GRIT continues to observe YOY increases in the number of distinct ransomware groups operating, with 38 unique groups claiming victims in May 2024, denoting a 35.7% increase from May 2023, representing increased dispersion of activity from small versus big groups like Alphv/LockBit. 

In addition, GRIT began tracking four newly observed ransomware groups, which distinguish themselves with relatively quick starts, posting nearly ten victims in May 2024 — which places them in the middle of the pack amongst competitors by victim volume and exceeding operational tempo.

Read More HERE.