Hyderabad, November 8, 2023 – In a significant revelation, Arete, an eminent cyber risk management entity, has made public its latest Crimeware Report. This report, which delves into the intricate web of cyber threats witnessed in the third quarter of 2023, shares pivotal findings and patterns, steering the cybersecurity discourse into new territories.
A New Ransomware Challenger Emerges At the forefront of these findings is the ascent of the ALPHV/BlackCat ransomware, which has eclipsed LockBit, the previously dominant variant. LockBit’s dethronement, attributed to internal discord, signals a turbulent phase within the cyber underworld.
A Decline in Ransom Compliance From the data amassed, Arete elucidates that ransom compliance — the act of acceding to cybercriminals’ demands — has plummeted, with only 17% of the affected entities conceding to payments in Q3.
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Cyber Threat Groups Amplify Conflict Dynamics The report also casts light on the cyber activities of over 100 threat groups, interlacing their operations with the ongoing Israel-Hamas conflict, which accentuates the geopolitical entanglement within the cyber threat landscape.
The Cybersecurity Horizon: What’s Next? With the threat landscape in a state of flux, Arete’s report anticipates further instability and a proliferation of unidentified ransomware variants. This trend likely stems from cybercriminal affiliates’ tactical evasion of law enforcement while chasing lucrative gains.
Inside Perspectives Arete’s insights provide an invaluable compass for navigating the cyber threat terrain, charting the evolving strategies of ransomware purveyors and their impact across various industries. The full spectrum of findings awaits in their comprehensive Q3 Crimeware Report.
About Arete
Arete is at the vanguard of redefining cyber risk management. The organization’s fusion of seasoned investigative experts and cutting-edge technology positions it uniquely to address the full gamut of cyber incidents — from emergency response to preventative strategies.
For an in-depth exploration of their findings, download the report at Arete’s official website, www.areteir.com, and fortify your knowledge against the tide of cybercrime.
Download Arete’s Crimeware Report | Trends and Highlights from Q3 2023.
