Ransomware Trends Report | Q2 2024

Security professionals often struggle to keep up with evolving ransomware trends due to the constant barrage of information. We aim to help you filter this overload, present the 2023 Ransomware Trends in an understandable format, and convert this information into meaningful insights.

Exploring Ransomware Trends in Q2 of 2024: Our Comprehensive Analysis​

Q2 2024 Ransomware Trends: Key Insights

1. The biggest news of the quarter: Operation Cronos. Led by the international law enforcement agencies, the LockBit ransomware group’s infrastructure was dismantled.
2. The United States, which accounts for more than half of the ransomware attacks, stands by 56.9%.
3. The manufacturing sector is the most affected, comprising 22.9% of the total incidents, reflecting its prominence as a high-value target for cybercriminals.
4. Different ransomware groups employ varied tactics. For instance, the Play ransomware group focuses on exploiting vulnerabilities in Microsoft Exchange.
5. English-speaking countries are particularly attractive to ransomware groups, possibly because of language familiarity, which could make social engineering tactics more effective and the presence of valuable targets in these countries.

Poor cybersecurity hygiene significantly elevates a company’s ransomware risk, emphasizing the crucial role of robust security practices.