RansomHub, a ransomware-as-a-service model with roots in Cyclops and Knight, has significantly expanded its operations, attracting affiliates from other high-profile ransomware variants.
The U.S. government indicates that RansomHub has affected at least 210 victims across diverse sectors, amplifying concern over its increasing ransomware activity.
ZeroFox highlighted that RansomHub's share of total ransomware incidents has surged from 2% in Q1 2024 to 14.2% in Q3, indicating rapid growth.
Utilizing a double extortion technique, RansomHub not only encrypts data but also threatens to leak it if their ransom demands are not met.
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