"Half of Ransomware Groups Operating in 2023 Are New"

According to security researchers at WithSecure almost half (29) of the 60 ransomware groups tracked by them in 2023 began operations this year.  The researchers found that although more established groups (8Base, Alphv/BlackCat, Clop, LockBit and Play) accounted for over half of data leaks in the first nine months of 2023, the new wave of ransomware variants is having an impact on the market.  The researchers claimed that the groups that began operating in 2023 accounted for 25% of data leaks in the period, helping to drive a 50% year-on-year (YoY) increase in data leaks.  The researchers noted that many of these new players, like Royal, Akira, and Blacksuit, can be traced back to Conti, whose code was leaked after an infamous data breach.

Infosecurity reports: "Half of Ransomware Groups Operating in 2023 Are New"