Ransomware attacks up by 41 percent globally
New data from Check Point Research reveals a sharp rise in cyberattacks globally, with business services, healthcare, and manufacturing among the hardest hit sectors.
Ransomware incidents in particular have surged, with 487 attacks reported in July, a 41 percent increase year-on-year. North America accounted for 56 percent of all reported ransomware cases, followed by Europe at 24 percent.
How ransomware became big business
On today's International Anti-Ransomware Day, cybersecurity company SentinelOne has publishes a blog looking at on how ransomware has evolved over the past 10 years.
It highlights how Ransomware-as-a-Service (RaaS) has matured into a scalable, profit-driven model, with revenue-sharing, affiliate recruitment, and performance incentives fuelling rapid expansion across the cybercrime ecosystem.
Ransomware attacks up 30 percent driven by AI and RaaS
The latest threat report from Deep Instinct shows ransomware attacks increasing by 30 percent, driven by AI-powered phishing and Ransomware-as-a-Service offerings.
The findings reveal that AI-generated phishing campaigns have grown in efficacy with advancements in reconnaissance and video and voice generation tools.
Ransomware up fourfold as threats get more complex
Analysis of data logged by the Barracuda Managed XDR Security Operations Center shows ransomware threats have increased by four times over the last year.
In 2024, Barracuda Managed XDR logged 11 trillion IT events -- 350,000 per second. Just over a million were flagged as a potential risk and of these, 16,812 were identified as high-severity threats that required immediate defensive action. That’s a small percentage but highlights the need for powerful engines, analysis tools and human expertise to detect them.
Sophisticated attack strategies target smaller businesses
Hackers are taking the methods and strategies tested on larger companies and applying them to organizations of every size.
Advanced evasion techniques -- once exclusive to advanced persistent threats -- have become the new normal, according to the latest threat report from Huntress. Techniques include endpoint detection and response (EDR) tampering, bring your own vulnerable driver (BYOVD) privilege escalations, and User Account Control (UAC) bypasses.
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.
Ransomware still a major threat despite disruption to RaaS groups
Ransomware remains a formidable threat facing organizations, with 49 active groups impacting more than 1,000 publicly posted victims in the third quarter 2024, according to a new report.
The report from GuidePoint Security's Research and Intelligence Team (GRIT) shows threat actors are increasingly leveraging legitimate services and platforms to deliver targeted phishing messages. While the abuse of trusted notification services is not a new approach to delivering malware, the research team has recently observed novel -- and progressively sophisticated -- delivery techniques.
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