Nuspire’s Q3 2024 Threat Report Shows 50% Spike in Exploit Attempts and Rise in Ransomware Extortion Activity

Nuspire today released its Q3 2024 Cyber Threat Report, offering an in-depth analysis of cyber threats over the past quarter. Significant findings in the report include a surge in exploit attempts, a change in ransomware group dominance and shifting trends in dark web behavior.

According to the report, exploit activity increased by over 50%, driven by a sharp rise in attacks against VPN technologies. On the ransomware front, a power shift emerged as RansomHub dethroned LockBit as the top extortion publication group, signaling evolving tactics in the ransomware ecosystem.

Key insights from Nuspire’s Q3 2024 Cyber Threat Report include:

  • Exploit Activity:
    • A total of 16,964,624 exploitation events were detected in Q3, marking a 50.96% increase over Q2.
    • Over 60% of these attacks targeted unpatched or outdated systems, focusing on VPN vulnerabilities.
    • The Fortinet FortiOS SSL-VPN vulnerability (CVE-2022-42475) was the most exploited, with a significant uptick in attack attempts.
    • Exploits targeting remote work environments saw a 45% increase, further highlighting the risks posed by hybrid workforces.
  • Ransomware Trends:
    • RansomHub ransomware overtook LockBit as the leading ransomware group, with an 8.06% rise in ransomware publications.
    • Nearly 30% of all ransomware-related extortion in Q3 was attributed to RansomHub’s activity.
    • 40% of successful ransomware attacks were initiated through phishing or exploited vulnerabilities.
    • Smaller ransomware groups are adopting more agile tactics to evade law enforcement and detection.
  • Dark Web Listings:
    • Dark web activity decreased by 5.41% overall, but the Lumma Stealer infostealer saw a resurgence, with a 12% increase in listings.
    • Demand for compromised VPN and cloud service credentials surged, with listings for these credentials increasing by 15%.
    • High-value targets, particularly in healthcare, financial services and critical infrastructure, were prioritized in dark web transactions.

To access the complete Q3 2024 Cyber Threat Report, click here. 

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