Ransomware Revolution: The Rise of Data Theft and Extortion in Cybercrime Trends
Bridewell’s latest CTI Annual Report reveals a shift in ransomware tactics, with data theft and extortion outpacing traditional encryption attacks. While overall payments are declining due to stricter regulations, attackers leverage regulatory fear to pressure victims. A fragmented ransomware ecosystem and lone-wolf actors further complicate the threat landscape.
Hot Take:
It looks like ransomware attackers have traded in their encryption hats for extortion suits! Bridewell’s latest report is a deep dive into a world where hackers are more like cunning salespeople, pitching data theft and extortion as their new “must-buy” offers. Watch out, or you might end up with a not-so-sweet deal!
Key Points:
- Data theft and extortion are now more popular than encryption-only ransomware.
- Ransomware payments are on the decline, thanks to tougher regulations and law enforcement.
- Vulnerability exploitation is the flavor of the month for groups like Clop and Termite.
- The ransomware world is splintering, with lone-wolf actors on the rise.
- Cobalt Strike and other offensive tools remain favorites among cybercriminals.
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