While the number skyrocketed in Q2 with 1386 cases, in Q3, the ransomware industry was able to surpass this number with 1420 cases, the highest number of victims ever recorded in one quarter.
Top Ransomware Families in Q3 2023
While it was a successful quarter for the entire ransomware industry, three families were far ahead of the pack. As expected, LockBit3.0 remains the most dominant ransomware group with 252 new victims, 17.7% of all ransomware cases.
Coming second is Cl0p Ransomware, which was able to claim a significant number of victims − 177. An important note here is that although Cl0p claimed 177 victims, this was only in two out of the three months of the quarter, as they haven’t announced any victims for September.
Number three is the veteran group ALPHV with 120 victims this quarter.
Finally fourth place is for 8Base with 91 victims.
While the number skyrocketed in Q2 with 1386 cases, in Q3, the ransomware industry was able to surpass this number with 1420 cases, the highest number of victims ever recorded in one quarter.
Top Countries Targeted By Ransomware in Q3 2023
Regarding the most targeted countries, the U.S. remains the number one targeted country in the world, with good reason. The world’s leading economy, it was the victim of 51% of this quarter’s ransomware attacks − 575 cases.
The second most targeted country this quarter is the United Kingdom, with 77 cases, far behind the U.S.
Finally, we have Canada in third place with 48 ransomware cases this quarter.
Even when focusing on the top three countries, we can see that there is no doubt that the U.S. is the most attractive country to threat actors.
Also there is a clear effort in attacking countries located in western europe.
The ransomware industry remains the number one threat to organizations worldwide. As this quarter had the most recorded victims, supply chain attacks became a solid technique for the mature and experienced ransomware groups.
In addition, this quarter revealed new ambitious groups that are looking to make their mark on the ransomware industry. LockBit3.0 remains the ruler of the industry, although Cl0p was not far behind this quarter.
Although we have seen increased activity by law authorities worldwide this quarter, this industry keeps on thriving despite these efforts.
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