Companies take an average of four months to report a ransomware attack
A new study from Comparitech, based on data collected from 2,600 attacks between 2018 and 2023, shows the average time for a US company to report a data breach following a ransomware attack is 4.1 months.
From 2018 to 2023, the average time to report a ransomware breach has increased, rising from 2.1 months in 2018 to just over five months in 2023. Healthcare has the lowest reporting time with 3.7 months, while businesses (4.2 months) and government entities (4.1 months) are similar.
Number of active dark web ransomware groups up 38 percent in 2024
A total of 94 ransomware groups listed victims in 2024 (a 38 percent increase on 2023) with 49 new groups observed, according to a new report, reflecting further complexity in the ransomware landscape.
The study from Searchlight Cyber also finds an 11 percent increase in the number of total victims posted on ransomware leak sites in 2024 (5,728) compared to 2023 (5,081).
Ransomware victims increased by 26 percent in 2024
Nearly 5,300 ransomware victims were reported last year, a 26 percent increase from the previous year, according to new analysis.
The Cybernews team looked at data from the Ransomlooker tool, which monitors the dark web and other hidden areas of the internet, and found that the number active ransomware gangs also grew over the previous year.
Ransomware still the #1 cyber threat
A new report from Check Point Research shows that ransomware remains the top cyber threat, with RansomHub emerging as the fastest-growing group, operating through Ransomware-as-a-Service (RaaS).
As of September 2024, RansomHub accounted for 19 percent of all ransomware victims published in shame sites, marking a shift in the cybercriminal landscape. Meanwhile, Lockbit, once dominant, has seen a significant decline, responsible for only five percent of new victims, many of which are recycled from previous attacks.
