Retrieved 22 April 2023. 2. Aside from exposing exfiltrated data, ransomware actors that use triple extortion threaten to launch DDoS attacks on their victims infrastructure to coerce them more strongly into paying the ransom. Advanced cloud-native network security detection, protection, and cyber threat disruption for your single and multi-cloud environments. These industries are the same ones we saw for LockBit in the first quarter of 2022. The top malware strains of 2021 are: Agent Tesla, AZORult, Formbook, Ursnif, LokiBot, MOUSEISLAND, NanoCore, Qakbot, Remcos, TrickBot and GootLoader. Figure 10. The top regions affected by BlackBastas successful attacks in terms of victim organizations in the second and third quarters of 2022Source: LockBits leak site and Trend Micros OSINT research. Organizations in the IT, finance, healthcare, construction, and professional services industries have made it to the top five list in the second and third quarters of 2022 in terms of the number of file detections. Double-extortion attacks, which include data exfiltration in addition to encryption, are rising even faster at 117% year-over-year. Figure 1. Subscription confirmed. 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Do Not Sell My Personal Information | Terms of Service | Sitemap, Announcing the DomainTools Global Partner Program, likelihood of domestic law enforcement actions, Irelands Health Service Executive (HSE) event, strong pro-Russian and anti-west statements, suspension of classes or services to students, new 3.0 version of the LockBit ransomware, ransomware event with the Toronto Childrens Hospital, the influence of cyber insurance policies, New Major Version of SIE Remote Access (SRA), Valuable Datasets to Analyze Network Infrastructure | Part 1, External forces have had a significant impact in reshaping the ransomware landscape, Ransomware group activity and victimology is highly dynamic, requiring consistent monitoring of trends in targeting by group, While still politically sensitive to some ransomware groups, recent campaigns against the healthcare, higher education, and government sectors are notable and alarming in their frequency, As the ransomware-as-a-service (RaaS) model continues to evolve, groups are competing for top affiliates to their services, challenging historical attribution of threat actor activity. Based on data from the leak sites of their operators, 35.8% of these attacks were attributed to LockBit, while 19% belonged to Conti and 9.6% to BlackCat. Pinkvilla. The top industries affected by BlackCats successful attacks in terms of victim organizations in the first quarter of 2022Source: BlackCats leak site and Trend Micros OSINT research. Similarly, BlackCat victimized mostly small businesses in the first quarter of 2022, making up 57.6% of its successful attacks, with medium-size organizations and large enterprises constituting 25.4% and 17%, respectively. This culminated in a US/Russia summit in 2021 between their respective Presidents, where ransomware and its associated activities were a part of the agenda. This data provided a unique and previously largely unseen glimpse into the inner workings and business operations of such groups. Ransomware actors continued to beset government organizations, which also contended with high quantities of ransomware detections in the fourth quarter of 2021. The blurring of lines between TTPs, infrastructure, and code bases amongst ransomware groups will likely prove to be a significant side effect of all this activity, making attribution efforts more challenging, and the need for accurate information from threat intelligence companies more pronounced. Its worth noting that Contis ability to pivot from failed ransomware attacks by switching to extortion schemes lays bare its agility and entrepreneurial abilities through Karakurt Team. New players like AlphVM, Karkakurt, and Blackbyte had only started to hit the radar screen. Most of Contis victims were in the US, Germany, and the UK. The 2022 ThreatLabz State of Ransomware report breaks down a years worth of intelligence from a variety of sources, including over 200B daily transactions and 150M daily blocked threats across the Zscaler Zero Trust Exchange, and shows that ransomware is becoming even more attractive to criminals. Indeed, the need to protect their customers data and resume normal business operations as soon as possible provides compelling reasons for them to settle the ransom. And, worryingly, there are signs that REvil may be . Best Antivirus Best Identity Theft Protection Best Malware Protection Best Security Suites Best Spyware Protection OVERVIEW Bitdefender Antivirus Plus Best for Multi-Layered. This is a 15.2% increase in overall ransomware threat detections in the second quarter of 2022, which tallied a total of 3,592,433. 2023 Zscaler, Inc. All rights reserved. Similar to that of BlackCat, this technique does not need a password to execute. These two industry segments continue to form a large segment of victims in more recent months. RaaS providers like LockBit, detections of which were at their highest in the first quarter of 2022 in February, have become an even more formidable threat since incorporating double extortion in their playbooks. According to the ransomware groups leak sites, which recorded attacks on successfully compromised organizations that refused to pay the ransom, ransomware victims rose by 29.2% year-on-year. Nearly four in five organizations (79%) in this industry reported dealing with ransomware incidents in the previous 12 months. In fact, Conti was first among them in that period, racking up a victim count of 105. The number of detections from FMCG placed it in the topmost spot in July and in the second spot in August. In part, the security posture and ability for victims to restore from backup without needing to pay a ransom could be a positive sign of organizations securing themselves from such events. Table 3. The breach was only made public on July 21, 2022 when Dominic Alvieri, a security researcher, tweeted a screenshot of the security notice that the firm sent to its customers confirming that its systems were compromised and that data had been stolen. Data from LockBits leak site showed that it primarily preyed on small organizations (with 200 employees at most) that accounted for 64.6% in the second quarter and 57.8% in the third quarter of successful attacks this year. National Institute of Standards and Technology (NIST), LockBit, BlackCat, and Royal Dominate the Ransomware Scene: Ransomware in Q4 2022, LockBit and Black Basta Are the Most Active RaaS Groups as Victim Count Rises: Ransomware in Q2 and Q3 2022, LockBit, Conti, and BlackCat Lead Pack Amid Rise in Active RaaS and Extortion Groups: Ransomware in Q1 2022, Conti and LockBit Make Waves with High-Profile Attacks: Ransomware in Q4 2021, Examining Erratic Modern Ransomware Activities: Ransomware in Q3 2021, Rethinking Tactics: Annual Cybersecurity Roundup 2022, Understanding Ransomware Using Data Science, Leaked Today, Exploited for Life: How Social Media Biometric Patterns Affect Your Future, 5G and Aviation: A Look Into Security and Technology Upgrades Working in Tandem, An Analysis of Azure Managed Identities Within Serverless Environments, Using Custom Containers in Serverless Environments for Better Security, Mirai Variant Spotted Using Multiple Exploits, Targets Various Routers, A Look Into the Most Noteworthy Home Network Security Threats of 2017, View the 2023 Trend Micro Security Predictions. Figure 11. Figure 5. Earlier this month . Table 2. Figure 3. It also provides some recommendations on security best practices that can help you prevent, detect, respond to and recover from ransomware so that you can minimize the impact and resume business operations. Ransomware is predicted to cost $265 billion by 2031, a significant increase from $20 billion in 2021, so it is advisable to privy yourself to the top ransomware and malware groups active in 2022, their key tactics, and prominent attacks to gain a vivid picture of the current ransomware scenario. From April to May 2022, our telemetry revealed that fast-moving consumer goods (FMCG) and healthcare industries ranked the two highest in terms of ransomware file detections. x 25-in. August saw the highest number of attack attempts at 84. Press Ctrl+C to copy. These industries have also been consistently targeted by RaaS and extortion groups from January to September 2022. Figure 8. Meanwhile, a German wind farm operator and an American agricultural equipment manufacturer were among Black Bastas victims in April and May, respectively. This world-class team is responsible for hunting new threats and ensuring that the thousands of organizations using the global Zscaler platform are always protected. The Zscaler Zero Trust Exchange is a leading security service edge (SSE) platform, delivering unmatched ransomware protection across every stage of the attack chain to dramatically reduce your chance of being attacked and mitigate potential damages. Interestingly, the third quarter paints a different picture with the rise of detections from the banking and technology industries. The consolidation of the top ransomware groups and increased activity levels has a profound effect on industry statistics and victimization. Below are recommendations on best practices organizations can use to reduce the likelihood of a ransomware attack or minimize impact if a successful attack does occur. The bug bounty program encourages cybercriminals to submit vulnerability reports to improve the groups operations in exchange for remuneration ranging from US$1,000 to US$1 million. The easily accessible on/off switch is a bonus. 2022 ThreatLabz State of Ransomware Report | Zscaler Blog admin.zscloud.net Zscaler Private Access The Zscaler Experience Your world, secured Experience the transformative power of zero trust. The top regions affected byKarakurts successful attacks in terms of victim organizations in the third quarter of 2022Source: Karakurts leak site and Trend Micros OSINT research. On the other hand, midsize organizations got shares of 35.3% and 38% in the second and third quarters, respectively. Our report includes a deep dive into the attack sequences, victim profiles, and business impact of the top 11 ransomware families, including: Percentage change in double-extortion attacks by industry. Cloud Native Application Protection Platform (CNAPP). The following are just a few of the key takeaways from the analysis: Ransoms both demands and payments continue to go up. Emails are still the most efficient method to deliver and propagate ransomware. Threat actors remained formidable adversaries during the final months of 2022, and the Trellix Advanced Research Center countered by adding even more threat intelligence resources to our team of hundreds of elite security analysts and researchers. 2023 Palo Alto Networks, Inc. All rights reserved. 86 Ransomware Statistics, Data, Trends, and Facts [updated 2022] Ransomware is one of the most common types of malware used in cyberattacks. Table 2. Figure 8. The top regions affected byBlackCats successful attacks in terms of victim organizations in the second quarter of 2022Source: LockBits leak site and Trend Micros OSINT research. The top 10 countries affected by successful RaaS and extortion attacks in terms of victim organizations in the first quarter of 2022Source: RaaS and extortion groups leak sites, and Trend Micros OSINT research. Ransomware gangs use these tactics to pressure victims to pay more, faster, or both though the efficacy of the approach depends in part on how sensitive the data theyve stolen truly is. Experience the Worlds Largest Security Cloud. These shifts in the ransomware landscape are fundamental and foundational. Our telemetry showed that government agencies and financial companies consistently ranked in the top three industries in terms of ransomware file detections from January to March 2022, followed by organizations in the manufacturing and fast-moving consumer goods (FMCG) industries. More of the latest from Zscaler, coming your way soon! Click on the box below. Privacy Policy | California Privacy Notice The Ryobi 8-1/4-inch Benchtop Table Saw was made for them. Based on data from the leak sites of their operators, 35.8% of these attacks were attributed to LockBit, while 19% belonged to Conti and 9.6% to BlackCat. Figure 4. Organizations can also benefit from solutions with network detection and response (NDR) capabilities, which can give them greater visibility over their network traffic. The frequency has also increased (or decreased, depending on your point of view); a study by DataProt suggests that every 11 . Xorist Decryptor: Decrypts files affected by ransomware of the family Trojan-Ransom.Win32.Xorist and Trojan-Ransom.Win32.Vandev (Xorist and Vandev). Karakurt, on the other hand, ranked second in the third quarter, a spot that BlackCat held in the second quarter of the year. The Federal Bureau of Investigation (FBI) estimates that the group behind Conti, which Trend Micro tracks as Water Goblin, has amassed more than 1,000 victims and payouts amounting to over US$150 million as of January 2022, making it one of the costliest ransomware families ever documented. The 13-amp motor, though powerful, won't blow any breakers. Automate when possible, implementing tools (e.g., security orchestration, automation and response, also known as SOAR) that support the automated remediation of events to speed your ability to respond to and recover from incidents. A side effect of this means potentially higher quality ransomware to meet this market need, leading to a greater number of successful attacks against the rest of us. PORTLAND, Ore. ( KOIN) - When it comes to the best places in the United States to raise a family, Portland ranks pretty high - but not as high as it did in 2022, according to a new study. What is Secure Access Service Edge (SASE)? Also of note is the prevalence of organizations in the construction industry and law practices as well. BlackCat demands millions of US dollars in bitcoin or monero from its victims. 3. Comparing the leak site data of BlackByte to other ransomware families, shows that from January 1, 2022 to May 31, 2022, BlackByte was among the 10 ransomware groups with the greatest number of self-reported victims. Our detections were more or less consistent with our findings from ransomware groups leak sites, where financial organizations bore the brunt 12.7% of LockBits successful attacks in the first quarter of 2022. Ransomware groups have typically been drawn to financial companies not only for their valuable data, but also because their attack surface continues to expand as a result of increased connectivity and a more distributed workforce. Industry experts predict that ransomware will be the top tactic used in third-party breaches and supply chain attacks in 2022, and that the global cost of ransomware damages will grow to $42 billion by 2024. LockBit has been the most active ransomware threat for all of 2022 and it is impossible to imagine there isn't a team of FBI agents somewhere plotting its demise. Based on data collected from the ransomware groups leak sites, the highest numbers of successful attacks in the six-month period are attributed to well-known RaaS operators: LockBit, BlackCat, Black Basta, and data-extortion group Karakurt. ^ "2018 Box Office". Likewise, the total number of active RaaS and RaaS-related groups for the third quarter went up by 13.3% from the second quarter of this year. Figure 2. What is a Cloud Native Application Protection Platform (CNAPP)? The attack crippled operations across 150 production sites worldwide and compelled the firms IT teams to take their systems offline to contain the infection. Organizations in finance and IT remained common targets of RaaS and extortion groups. Black Basta also cast its net over European territories, which logged in a third of the total victim count in the third quarter, from 43.1% of the total victim count in the second quarter. The most active ransomware families used in successful RaaS and extortion attacks in terms of victim organizations from April 1 to Sept. 30, 2022Source: RaaS and extortion groups leak sites. For the past couple of years, we have witnessed a steady increase in ransomware attacks - a 13% YoY (Year-over-Year) increase, according to a Verizon Business study.. As organizations begin thinking about their primary 2022 cybersecurity activities, they need to proactively strategize. We will first review the top groups and targeted organizations from early 2022 and then compare them to the spring of 2023 that is, from just after the invasion of Ukraine to now. . Double extortion involves encrypting the victims data and demanding payment in exchange for restoring access, coupled with a threat to publish the stolen data on the dark web should organizations refuse to pay the ransom. But what sets it apart from many other RaaS operators is its use of triple extortion, a tactic where ransomware actors threaten to launch distributed denial-of-service (DDoS) attacks on their victims infrastructure on top of leaking their data unless the ransom is paid. Like it? Figure 2. Despite being spotted only in April 2022, the Black Basta operators have demonstrated a firm grasp of the business, evidenced by how they tap into underground networks to obtain access to corporate credentials and the presence of hard-coded unique IDs in every Black Basta build. In addition, reports of Black Bastas Linux build (released in June 2022 as an attempt to compromise VMware ESXi VMs) suggest the gangs inclination to target enterprises. In contrast, 65.5% of LockBits successful attacks in the first quarter of 2022 affected small businesses, followed by medium-size companies at 20.5% and large enterprises at 10.5%. According to the Cyber Crime Magazine, global ransomware damage costs are predicted to exceed $265 billion by 2031, more than twice as much as it does today. This is a major selling point for BlackCat, as Rust is considered a more secure programming language that is capable of concurrent processing. The most significant geo-political influence on the ransomware ecosystem is the previously-mentioned Russia invasion of Ukraine. Figure 1. This represents about a 144% increase from the average demand of $900,000 from the cases analyzed in 2020. Ransomware attacks increased by yet another 80% between February 2021 and March 2022, based on an analysis of ransomware payloads seen across the Zscaler cloud. In 2021, the names and proof of compromise for 2,566 victims were publicly posted on ransomware leak sites, marking an 85% increase compared to 2020. Table 1. First reported in November 2021 by researchers from the MalwareHunterTeam, BlackCat (aka AlphaVM, AlphaV, and ALPHV) swiftly rose to notoriety in the past half of the year owing to its reputation as the first major professional ransomware family to be written in Rust, a cross-platform language that enables threat actors to easily create bespoke malware for different operating systems like Windows and Linux. European enterprises account for 24.1% of total victim count, with a few scattered in Asia-Pacific, the Middle East, and Latin America. This poses a significant new challenge for defenders. 8, 11. By submitting the form, you are agreeing to our privacy policy. A proactive mindset for mitigating the risks of ransomware attacks is therefore key. In quick order, the group tried to walk back those comments, but the impact of their proclamations would have a catastrophic effect on their operations. In addition to malware research and behavioral analysis, team members are involved in the research and development of new prototype modules for advanced threat protection on the Zscaler platform, and regularly conduct internal security audits to ensure that Zscaler products and infrastructure meet security compliance standards. Table 1. The self-propagating ransomware cryptoworm that's been parasitizing victims since 2017 was the top most detected ransomware family by far in January 2022, researchers found. That number is expected to rise to $265 billion by 2031. As organizations migrate to VMs for ease of device management and efficiency of resource utilization, the malicious actors shift to enterprise targeting makes good business sense since doing so allows them to encrypt multiple servers with minimal effort. This new variant impacted 41 countries . The numbers of ransomware file detections of LockBit, Conti, and BlackCat in machines in each month of the first quarter of 2022Source: Trend Micro Smart Protection Network. table provides enough space for most home improvement purposes, although it isn't quite large enough to rip plywood or paneling. Malicious actors have every motive to constantly upgrade their malware arsenal, devise more stealthy schemes to outdo competition, and grab a bigger share of the bounty. Ransomware actors were off to a running start in 2022, ramping up their activity as more gangs joined the fray. This figure indicates an upward trend from the first quarter of 2022, as half of BlackCats attacks during that period also belonged to US-based organizations. This report details the state of ransomware in 2022 on a month by month basis that have been publicly disclosed. Retrieved 3 February 2023. Review and test your incident response plan with tabletop exercises and purple team testing simulations to work out kinks and bolster your ability to recover when it matters. Figure 7. The warning also mentioned that ransom payments range from US$25,000 to US$13 million in bitcoin, with victims being given a week from first contact to settle the ransom. The top regions affected by BlackCats successful attacks in terms of victim organizations in the first quarter of 2022Source: BlackCats leak site and Trend Micros OSINT research. Meanwhile, new groups that have emerged over the last year include Mindware, Cheers, RansomHouse, and DarkAngels. Of note are activities by western law enforcement organizations to disrupt the services which ransomware groups use to finance and fund their business operations. 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