Fresh Ransomware Gangs Emerge As Market Leaders Decline

June 20, 2023 – Published on Dark Reading

There was a rise in the number of ransomware victims in May compared to the previous month, although LockBit, the leading ransomware group, saw a 30% decrease in observed victims (110 to 77) from April to May.

Ransomware heavyweight AlphV also experienced a decline in posted victims, with 38 observed victims in May compared to 51 in April.

That drying up was offset by several new branded groups entering the scene, contributing to an overall increase in observed ransomware victims, according to GuidePoint Security’s latest GRIT report.

The May GRIT report highlighted a diverse slate of active threat groups, with 28 observed groups claiming victims. There was a 13.57% increase in publicly posted ransomware victims from April to May, and 410 incidents total, led by victims in the United States — far and away the most targeted country.

GRIT has also identified other fresh-faced ransomware groups on the scene, such as 8Base, Malas, Rancoz, and BlackSuit, each with its own distinct characteristics and targets.

These emerging threat groups have deployed a combination of established and innovative tactics, aiming to blend in and profit amid the crowded ransomware landscape, explains GuidePoint Security Threat Intelligence Analyst, Nic Finn.

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