April 8, 2024 at 07:33AM
In 2023, ransomware attacks increased by 55.5%, totaling 5,070 victims. However, Q1 2024 saw a 22% decrease compared to Q4 2023. Law enforcement’s actions against LockBit and ALPHV, as well as the decrease in ransom payments, could be contributing factors. Despite the decrease, new ransomware groups emerged in Q1 2024. For more details, read Cyberint’s 2023 Ransomware Report.
From the meeting notes, the following takeaways are apparent:
1. Significant decrease in ransomware attacks from Q4 2023 to Q1 2024, with a 22% drop observed.
2. Reasons for the decrease include:
– Law enforcement interventions against LockBit and ALPHV groups, resulting in arrests and disruption of their activities.
– Decrease in ransom payments and the emergence of new ransomware groups in Q1 2024.
3. Despite the decrease in attacks and profitability, new ransomware groups such as RansomHub, Trisec, Slug, and Mydata have emerged, and are anticipated to potentially become dominant players in the industry.
The meeting notes also reference Cyberint’s 2023 Ransomware Report, which provides more insights into emerging groups, top targeted industries and countries, 2024 notable trends, and incidents.