The average ransomware group only lives for two years

Date:
Fri, 25 Feb 2022 14:18:20 +0000

Description:
Ransomware groups have the means to rebrand and rebuild, experts warn.

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Ransomware groups are something of a Phoenix - they live short lives, burn
out quickly, but are often reborn and come back stronger and more
destructive.

A new IBM Security report claims the average ransomware group lives less than two years - 17 months, on average, in fact. This is, in part, due to increasing pressure from governments and law enforcement agencies, which have successfully dismantled some of the biggest threat actors in the ransomware space, in these past couple of years.

However, IBM Securitys data suggests that many of these groups could go into hiatus, rebrand, build entirely new infrastructure from scratch, using all of the previous experience, and than come back stronger and even more destructive. TechRadar needs you!

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According to the report, thats hardly an issue for these groups, as theyve gathered enough resources from their previous operations to successfully fund any change.

Elsewhere in the report, the researchers are saying ransomware operators were mostly targeting manufacturing organizations. The Covid-19 pandemic has put tremendous pressure on the supply chain, something many threat actors were acutely aware of.

As a result, almost a quarter of all cyberattacks happening globally, were against manufacturers. Read more

Ransomware attacks are levelling up extortion tactics

Ransomware attackers are targeting inside help

Ransomware attacks saw a huge rise in 2021

Whats more, in Asia, the foundation of many of the worlds supply chains, manufacturing was one of the top-attacked industries.

All of this leads IBMs researchers to believe that ransomware groups wont be going anywhere, any time soon, and that the efforts to eliminate them, while commendable, probably wont suffice. Thats why businesses need to protect themselves, by updating their disaster recovery plans, refreshing their resilience strategies, training their employees to spot phishing and social engineering attacks, and keeping their hardware and software up to date.

Having an antivirus and a firewall will not keep most threat actors at bay,
as their attacks against employees have grown frighteningly sophisticated. Deploying a zero-trust strategy and staying vigilant is the best way forward, experts are saying. Check out the best malware removal software today



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Link to news story: https://www.techradar.com/news/the-average-ransomware-group-only-lives-for-two -years/


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