GuidePoint Security has announced the release of GuidePoint Research and Intelligence Team’s (GRIT) 2023 Annual Ransomware Report. This report is based on data obtained from publicly available resources, including threat groups themselves, and insight into the ransomware threat landscape. GRIT observed a victim volume nearly doubling year-over-year, driven in part by multiple mass exploitation campaigns impacting hundreds of organizations. In total, GRIT observed 63 distinct ransomware groups leverage encryption, data exfiltration, data extortion, and other novel tactics to compromise and publicly post 4,519 victims across all 30 of GRIT’s tracked industries, and in 120 countries.
GRIT’s Annual Ransomware Report also examines major ransomware events throughout the year including Clop’s MOVEit campaign, Scattered Spider’s attacks on major casinos, LockBit’s new Affiliate Rules regarding ransom negotiations, SEC’s new guidance for incident notifications, law enforcement’s disruption of Alphv operations, and published decryptors impacting ransomware operations for BianLian and Akira.
Key Highlights of the Report:
- From an industry perspective, GRIT observed most impacts affecting a limited subset of industries. 62% of all observed victims belong to one of the “top ten” most-impacted industries, with Manufacturing and Technology remaining the two most-impacted industries; Manufacturing and Technology represented 12.9% and 7.9% of all victims, respectively. Among Manufacturing industry victims, the US was impacted five times as much as the next highest country, Germany (265 vs 48 victims). Manufacturing was the most impacted industry for almost every month in 2023, excluding May, when it placed behind Technology by a single observed victim.
- The United States was by far the most impacted country in 2023. Among posted victims, 2,199 were US-based organizations, accounting for 49% of all observed ransomware attacks in 2023. Eight out of the ten most impacted countries were within North America and Europe, with Brazil and Australia as the sole outliers. The same “top ten” most impacted countries were home to 76% of all observed victim organizations, of which 27% impacted non-US countries.
- In line with GRIT’s taxonomy for classifying ransomware groups, long-term Established groups accounted for the overwhelming majority of observed victims (85%), followed by Developing groups (10%). The top three most prolific Established groups—LockBit, Alphv, and Clop—continue to account for not just the lion’s share of victims but also much of the innovation and tactical changes across the ransomware ecosystem. Ephemeral and Emerging groups, as the newest and shortest-term entrants, lagged behind their maturing counterparts but still posed a significant threat to worldwide organizations, exacerbated by less “reliable” actors and frequently recycled malware.
For more information on GRIT’s 2023 Annual Ransomware Report:
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This entry was posted on January 25, 2024 at 9:01 am and is filed under Commentary with tags GuidePoint. You can follow any responses to this entry through the RSS 2.0 feed.
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GuidePoint Research and Intelligence Team’s (GRIT) Annual Ransomware Report Is Out
GuidePoint Security has announced the release of GuidePoint Research and Intelligence Team’s (GRIT) 2023 Annual Ransomware Report. This report is based on data obtained from publicly available resources, including threat groups themselves, and insight into the ransomware threat landscape. GRIT observed a victim volume nearly doubling year-over-year, driven in part by multiple mass exploitation campaigns impacting hundreds of organizations. In total, GRIT observed 63 distinct ransomware groups leverage encryption, data exfiltration, data extortion, and other novel tactics to compromise and publicly post 4,519 victims across all 30 of GRIT’s tracked industries, and in 120 countries.
GRIT’s Annual Ransomware Report also examines major ransomware events throughout the year including Clop’s MOVEit campaign, Scattered Spider’s attacks on major casinos, LockBit’s new Affiliate Rules regarding ransom negotiations, SEC’s new guidance for incident notifications, law enforcement’s disruption of Alphv operations, and published decryptors impacting ransomware operations for BianLian and Akira.
Key Highlights of the Report:
For more information on GRIT’s 2023 Annual Ransomware Report:
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This entry was posted on January 25, 2024 at 9:01 am and is filed under Commentary with tags GuidePoint. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.