Number of ransomware victims up 20 percent in first quarter of 2024

A new report shows a 20 percent year-on-year increase in the number of ransomware victims, along with major shifts in the behavioral patterns of ransomware groups. The Q1 2024 ransomware report, from the GuidePoint Security Research and Intelligence Team (GRIT), finds the number of active ransomware groups more than doubled, increasing 55 percent from 29 distinct groups in Q1 2023 to 45 distinct groups in Q1 2024. The top three most active ransomware groups were LockBit, Blackbasta and Play. Even with significant law enforcement disruption in February 2024, LockBit retained its top spot among RaaS service operations at 219 victims,… [Continue Reading]