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.
Threat hunters have shed light on a "sophisticated and evolving malware toolkit" called Ragnar Loader that's used by various cybercrime and ransomware groups like Ragnar Locker (aka Monstrous Mantis), FIN7, FIN8, and Ruthless Mantis (ex-REvil)
The financially motivated threat actor known as EncryptHub has been observed orchestrating sophisticated phishing campaigns to deploy information stealers and ransomware, while also working on a new product called EncryptRAT
The threat actors behind the Medusa ransomware have claimed nearly 400 victims since it first emerged in January 2023, with the financially motivated attacks witnessing a 42% increase between 2023 and 2024
Threat actors deploying the Black Basta and CACTUS ransomware families have been found to rely on the same BackConnect (BC) module for maintaining persistent control over infected hosts, a sign that affiliates previously associated with Black Basta may have transitioned to CACTUS
Threat actors have been exploiting a security vulnerability in Paragon Partition Manager's BioNTdrv.sys driver in ransomware attacks to escalate privileges and execute arbitrary code
In 2024, global ransomware attacks hit 5,414, an 11% increase from 2023. After a slow start, attacks spiked in Q2 and surged in Q4, with 1,827 incidents (33% of the year's total). Law enforcement actions against major groups like LockBit caused fragmentation, leading to more competition and a rise in smaller gangs. The number of active ransomware groups jumped 40%, from 68 in 2023 to 95