Latest GuidePoint Research and Intelligence Team (GRIT) Ransomware Trends Report Underscores High Threat Group Turnover and Consistent Targeting of Manufacturing and Technology Industries – businesswire.com

HERNDON, Va. –( )– GuidePoint Security , a cybersecurity solutions leader enabling organizations to make smarter decisions and minimize risk, today announced the release of GuidePoint Research plus Intelligence Team’s (GRIT) Q3 2022 ransomware report. This report is based on data obtained from publicly available resources, including threat groups themselves, and provides an accurate representation associated with the ransomware threat landscape. In the third quarter, GRIT tracked 27 ransomware groups and 568 publicly posted victims.

The GRIT Ransomware Quarterly Report shows a slight slowdown of ransomware activity from the previous quarter. Despite the Manufacturing industry seeing an 18% drop quarter-over-quarter in public ransomware postings, it still was the particular most impacted industry, tied with the Technology vertical, which saw the 20% increase in ransomware victims. In the third one fourth, from a threat group perspective, Lockbit continued to dominate the activity through Ransomware as a Service organizations, and Hive’s activity dramatically increased with a 104% rise in publicly posted victims. GRIT also observed eight new ransomware groupings emerge this quarter plus noted that there has been at least one brand new ransomware team each month since January 2021.

“For the particular second quarter in the row, we saw a slight slow down in ransomware activity, although as many industries are ramping up operations for holiday seasons, we expect to see increased targeting from prolific ransomware groups such as Lockbit, Hive, Blackbasta, and others whose goal is to financially profit from the sufferers they claim, ” said Drew Schmitt, GRIT Lead Analyst, GuidePoint Security. “We will continue to monitor ransomware trends to provide increased awareness so that blue teams can focus their efforts on proactively improving their security postures, implementing core cybersecurity concepts, and ensuring that they are ready in case they need to respond to an event. ”

Key Highlights of the report:

  • While the United States continues to be the country most impacted by ransomware threats, 16 countries were targeted for the first time this particular year, which includes six initially ever.
  • As the quarter in order to quarter trend shows very little change among the top 10 targeted industries, the Hospitality and Insurance industries (not one of the top 10) saw large increases in Q3.
  • Lockbit is still by far the most prolific ransomware group maintaining a 42% share of all publicly published ransomware victims and focusing on 48 countries in Q3.
  • BlackBasta had a 32% increase in reported sufferers this one fourth and also has shown a good affinity with regard to using Qakbot as a means to initiate attacks.
  • Hive was the third most active ransomware group, focusing more on Healthcare organizations (12. 8% of all reported Beehive victims were in Healthcare, twice the particular rate associated with Lockbit (6. 4%)).
  • New to the best 10 ransomware threat actors is Sparta, which only became energetic in September. The group has only focused victim businesses in Spain thus far.

Year to date, 44 total groups have been observed with 1, 846 total submitted victims. While Q3 continued the same volatility of Q2, the high variability in publicly posted victims in Sept may be attributable to Sparta’s emergence plus short-lived rapid posting associated with victims.

‘As we noted in our Q2 ransomware trends report, our expectation of Lockbit’s activity has proven true because the team increased its operations across all business verticals and countries, ” said Schmitt. “It will be interesting to see if organizations such since Sparta ramp up their own operations in Q4. ”

For more information or to download the particular report, go to: https://www.guidepointsecurity.com/resources/grit-ransomware-report-july-sept_2022/

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