The third quarter of 2024 saw transformative shifts in the ransomware landscape, driven by new groups and the expansion of initial access broker operations that facilitated entry into targeted systems.
Dominant ransomware groups like LockBit faced significant setbacks due to coordinated international law enforcement actions, leading to a decline in their activities and forcing affiliates to shift alliances.
The ransomware-as-a-service model continued to mature, with Initial Access Brokers exploiting vulnerabilities, enabling ransomware groups to scale operations and focus on extortion strategies.
The continuous industrialization of ransomware has lowered barriers for new actors, resulting in a competitive and evolving threat environment in the third quarter of 2024.
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