Ransomware Surge: Five Groups Account for 40% of Cyber Attacks

In the third quarter of 2024, ransomware groups, particularly RansomHub and LockBit 3.0, accounted for 40% of all cyber-attacks, as detailed in a report by Corvus Insurance. The report reveals a steady threat level from ransomware, with the number of victims listed on leak sites increasing slightly from 1,248 to 1,257. RansomHub has emerged as a key player, significantly increasing its victim count, while LockBit 3.0 has seen a marked reduction in activity due to law enforcement efforts. Overall, the study identifies a total of 59 active ransomware groups, indicating a complex and competitive landscape in the cyber threat environment.

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