August 22, 2024 at 10:39AM
The WithSecure’s Ransomware Landscape report for H1 2024 reveals the underlying morphology shaping the visible landscape of ransomware attacks. While leak sites and public reports provide growth insights and sector-specific attack trends, the report also discusses the changing lexicography of ransomware, law enforcement actions’ impact, and the rebranding and migration trends within the ransomware ecosystem.
From the meeting notes provided, the key takeaways are:
– The visible landscape of ransomware attacks against SMBs is growing, while the industry is contracting.
– Certain sectors, such as engineering, manufacturing, real estate, construction, health services, and finance, are the most targeted by ransomware attacks.
– The landscape of ransomware is continuously evolving, with new terminology required to accurately reflect this changing landscape.
– The rise of ransomware-as-a-service (RaaS) has introduced new concepts such as “brands” within the ransomware ecosystem.
– Law enforcement actions can significantly impact ransomware brands and their affiliates, leading to rebranding, migration of affiliates, and changes in the ransomware landscape.
– Affiliates may move between RaaS brands, and there are indications of both loyalty and disloyalty within the ransomware ecosystem.
These takeaways provide a comprehensive understanding of the current ransomware landscape and the factors shaping it, as discussed in the WithSecure report for H1 2024.