"Ransomware Groups Are Shifting Their Focus Away From Larger Targets"

According to Trend Micro, one in every six ransomware attacks against US government offices was linked to the LockBit ransomware group. Ransomware victims grew by 47 percent from the second half of 2022. Jon Clay, vice president of threat intelligence at Trend Micro, emphasized that threat actors continue to advance, target more victims, and cause financial and reputational harm. Trend Micro noted the shift in focus among ransomware threat actors from "big game" targets to smaller organizations that they believe are less well-defended. In the first half of 2023, LockBit, Clop, and BlackCat are the three major ransomware groups with the most successful attacks. Organizations with up to 200 employees comprised most (57 percent) of LockBit victims and a bulk (45 percent) of BlackCat victims in the first half of this year. In regard to Clop, large companies accounted for 50 percent, with small businesses accounting for 27 percent. This article continues to discuss the growing complexity of ransomware attacks.

Help Net Security reports "Ransomware Groups Are Shifting Their Focus Away From Larger Targets"

Submitted by grigby1