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A new report by the Financial Crimes Enforcement Network (FinCEN) shows that ransomware activity peaked in 2023 before falling in 2024, following a series of law enforcement actions targeting the ALPHV/BlackCat and LockBit ransomware gangs. [...]
Collapse of LockBit and BlackCat/ALPHV Tied to Ongoing Decline in Big-Game HuntingRansomware may still be raking in massive cryptocurrency profits for practitioners, but 2024 turned out to be less of a banner year than predicted, with blockchain researchers reporting that the sum total of known ransom payments to ransomware groups in 2024 plummeted by 35%.
Cut off one head, two more grow back in its place RansomHub, the ransomware collective that emerged earlier this year, quickly gained momentum, outpacing its criminal colleagues and hitting its victims especially hard. The group named and shamed hundreds of organizations on its leak site, while demanding exorbitant payments across various industries.…
The ransomware gang recruits high-profile affiliates from LockBit and ALPHV As RansomHub continues to scoop up top talent from the fallen LockBit and ALPHV operations while accruing a smorgasbord of victims, security and law enforcement agencies in the US feel it's time to issue an official warning about the group that's gunning for ransomware supremacy.…
Feds Count Over 200 Known US Victims of Ransomware Group That Launched in FebruaryBeware a surge in attacks tied to a ransomware group called RansomHub that's recruited affiliates from down-or-out operations LockBit and BlackCat and successfully crypto-locked systems at more than 200 organizations nationwide, including critical infrastructure, the U.S. government warned.
Scott Small tells us gang's 'intent and capability' should get the attention of CSOs Interview It might not be as big a name as BlackCat or LockBit, but the Akira ransomware is every bit as dangerous, says one cybersecurity researcher – and it's poised to make a big impact. …
While ransomware attacks decreased after the LockBit and BlackCat disruptions, they have once again started to ramp up with other operations filling the void. [...]
INC Ransom emerges as a growing threat as some ex-LockBit/ALPHV affiliates get new gigs Leicester City Council is finally admitting its "cyber incident" was carried out by a ransomware gang and that data was stolen, hours after the criminals forced its hand.…
Law enforcement action hasn't eradicated ransomware groups, but it has shaken up the cyber underground and sown distrust among thieves.
The group was second behind only LockBit in attacks targeting North America and Europe between January 2022 and October 2023
The LockBit ransomware operation is now recruiting affiliates and developers from the BlackCat/ALPHV and NoEscape after recent disruptions and exit scams. [...]
The Trend Micro report observed that small organizations are being increasingly targeted by ransomware gangs, including LockBit and BlackCat
The Vice Society cybercrime group has disproportionately targeted educational institutions, accounting for 33 victims in 2022 and surpassing other ransomware families like LockBit, BlackCat, BianLian, and Hive
A sweeping effort to prevent a raft of targeted cybercrime groups from posting ransomware victims' data publicly is hampering their operations, causing outages.
However, groups are rebranding and recalibrating their profiles and tactics to respond to law enforcement and the security community's focus on stopping ransomware attacks.