"The number of active ransomware groups having reached an all-time high means that businesses face an increased risk of attacks as each of these competing gangs must now vie for targets. The competition between different ransomware groups has fuelled increasingly frequent attacks, leaving very little room for error on the part of enterprise cybersecurity teams."
"Whereas security gaps and vulnerabilities may have previously gone unnoticed, the proliferation of ransomware groups, with all of them scouring the web for their next victims, means that even minor errors can now quickly lead to major security incidents."
"Indeed, separate research from WithSecure found that of the 67 ransomware groups tracked in 2023, 31 were no longer operational as of Q2 2024. NCC Group also noted a year-over-year decline in ransomware attacks in both June and July this year, which experts linked to the LockBit disruption."
"LockBit specifically used to account for the majority of attacks, but with only 85 attacks in the third quarter, it attacked almost 60% less companies than it did the second, according to Cyberint's report. This marks the group's lowest number of quarterly attacks."
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