Five Ransomware Groups Responsible for 40% of Cyber-Attacks in 2024
Corvus Insurance highlighted the growing complexity and competition within the ransomware ecosystem, with the threat level remaining elevated
Ransomware encrypts or steals data to disrupt operations and extort victims, making backups, access controls, and incident response essential.
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Background for this topic.
Ransomware is malware used to deny access to systems or data, usually by encrypting files and demanding payment for decryption. Many operations also steal sensitive information and threaten to publish it, so an attack can create both an availability crisis and a privacy or disclosure risk. Initial access may involve phishing, stolen credentials, exposed remote services, or exploitation of unpatched vulnerabilities; attackers may then move through the network before deploying the payload.
Defenses should combine vulnerability management, phishing-resistant authentication where practical, endpoint and network monitoring, and backups that are isolated from routine administrator access and regularly tested for recovery. Organizations should also limit privileges and segment critical systems to reduce the blast radius. An incident requires rapid containment, preservation of forensic evidence, restoration from known-good backups, and assessment of notification, legal, and regulatory obligations. Threat intelligence can help identify relevant criminal infrastructure or tactics, but it does not replace sound access control, patching, detection, and recovery practices.
Corvus Insurance highlighted the growing complexity and competition within the ransomware ecosystem, with the threat level remaining elevated
The BianLian ransomware group has shifted exclusively to exfiltration-based extortion and is deploying multiple new TTPs for initial access and persistence
Ransomware groups are targeting weekends and holidays to exploit understaffed security teams in order to get the best chance of a pay day
Helldown ransomware has expanded its reach to target Linux and VMware systems, exploiting Zyxel firewall vulnerabilities and exfiltrating data
Ransomware groups are recruiting pen testers from the dark web to expand their operations, as revealed by Cato Network's Q3 2024 SASE Threat Report
A Russian national suspected of involvement in Phobos ransomware has appeared in court in the US