25% Increase in Victims, Novel Coercive Tactics Rise, Industry-Specific Shifts: GuidePoint Security

GuidePoint Security has published its quarterly GuidePoint Research and Intelligence Team’s (GRIT) Q1 2023 Ransomware Report, which found a significant increase in public ransomware victims compared to Q4 2022 and new coercive tactics being deployed by ransomware groups as the RaaS ecosystem evolves.

Key Findings Include:

  • A 25% increase in public ransomware victims compared to Q4 2022 and a 27% increase compared to Q1 2022.
  • LockBit remains the most prolific ransomware threat group, while the rapid exploitation of a file-sharing application vulnerability brought Clop into a leading position.
  • The data also revealed some shifts in the industries targeted by ransomware groups, with a 65% increase in observed victims in the legal industry and a 17% increase in publicly posted victims in the education sector.
  • Novel coercive tactics such as releasing sensitive data, including graphic medical images, and DDoS attacks have been observed, increasing pressure on victims to consider payment.

You can read the report here.

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