New Report Highlights Surge in 2024 Ransomware Activity from...

Emerging ransomware groups have driven a significant surge in activity in early 2024, following the takedown of the notorious Lockbit group, with a notable increase in software supply chain attacks impacting critical industries that rely heavily on third-party software. ReliaQuest's Q2 2024 report highlights a 20% increase in organizations listed on ransomware data-leak sites compared to Q1, while noting a slight decrease in overall activity from the previous year, suggesting a potential slowdown due to disruptions in the RaaS landscape. However, newer groups such as RansomHub and BlackSuit have filled the void left by Lockbit, with RansomHub experiencing a 243% increase in organizations listed on its data-leak site, and BlackSuit tripling its victim count from Q1 to Q2. High-profile attacks have included CDK Global, resulting in a $25 million ransom payment, and the Florida Department of Health, where sensitive data was leaked after a missed payment deadline. The report also forecasts an increase in supply chain attacks targeting technology companies and software vendors, with the PSTS sector seeing a 35% increase in targeted attacks due to exposed credentials and vulnerabilities in open-source code, emphasizing the need for improved network segmentation and timely patching to mitigate risks.

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