Details of the present surge in ransomware.
October 19, 2023 – Published on The CyberWire
GuidePoint Security’s Research and Intelligence Team (GRIT) has released a report looking at ransomware trends in the third quarter of 2023, finding a 15% increase in ransomware attacks compared to Q2 2023, and an 83% year-over-year increase in publicly posted ransomware victims.
Drew Schmitt, Practice Lead at GRIT, stated, “Q3 of 2023 marked the largest volume of public ransomware victims that GRIT has observed since we began tracking the ransomware ecosystem for the last 2 plus years. The ransomware ecosystem, as a whole, is on pace to nearly double its number of publicly posted victims year over year despite a lesser increase in the number of threat actors. This suggests that many of the groups we are tracking are continuing to increase their operational tempo, but also may be the result of many organizations not being willing to pay the ransom demand.”