July 31, 2024 at 06:36AM
Zscaler’s ThreatLabz 2024 Ransomware Report reveals a company paid a record $75 million ransom to Dark Angels in early 2024, nearly double the highest known payment. An 18% increase in ransomware attacks was reported from April 2023 to April 2024. The report advises against paying ransom and highlights Dark Angels’ targeted approach. NCC Group’s Monthly Threat Pulse report shows a decrease in LockBit attacks.
Key takeaways from the meeting notes:
1. Zscaler’s ThreatLabz 2024 Ransomware Report revealed a record-breaking $75 million ransom paid to the Dark Angels ransomware group, representing an 18% year-over-year increase in ransomware attacks.
2. Companies such as CNA Insurance, CDK Global, and Change Healthcare have previously made large ransom payments, with CNA Insurance paying $40 million.
3. Despite warnings from the cybersecurity industry and governments against paying ransoms, victims often face a second attack after paying up.
4. Dark Angels ransomware group employs a highly targeted approach, focusing on single large companies for large payouts, in contrast to most ransomware groups which target victims indiscriminately.
5. NCC Group reported a drop in ransomware attacks, with a significant decrease in LockBit attacks, questioning whether this was a smokescreen to hide the true impact of law enforcement operations targeted at cybercrime operations.
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