2 min Security

‘New ransomware gangs usually use multiple extortion techniques’

‘New ransomware gangs usually use multiple extortion techniques’

Most cyber-attacks continue to come from ransomware gangs. WithSecure’s security specialists observe this after analyzing the first three quarters of this year. Interestingly, the number of ransomware gangs continues to increase.

The number of ransomware attacks remains unabated this year, WithSecure indicates in its research. In the survey period covering the first three quarters of this year, the number of data breaches due to ransomware attacks increased by 50 percent.

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29 new ransomware gangs

The study shows the number of ransomware gangs continues to grow. In the first three quarters of 2023, as many as 29 new ransomware gangs appeared on the scene.

Interestingly, these gangs often primarily use multiple extortion methods to extort money from their victims. They also often use the same sources and have many similarities to older ransomware gangs, which include gangs who are not active any longer. For example, WithSecure detects many Conti affiliates.

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Other results

Other notable results from the study include that ransomware gangs LockBit 3.0 produced the most (21%) data breaches in the first three quarters of 2023. Other groups with many data breaches in their consciences include 8Base, Alphv/BlackCat, Clop and Play. Collectively, all of the earlier mentioned ransomware gangs were responsible for half of the number of data breaches.

Also read: Ransomware gang takes legal action against its victim