{"id":56897,"date":"2024-08-22T12:23:10","date_gmt":"2024-08-22T12:23:10","guid":{"rendered":"https:\/\/www.threatshub.org\/blog\/ransomware-batters-critical-industries-but-takedowns-hint-at-relief\/"},"modified":"2024-08-22T12:23:10","modified_gmt":"2024-08-22T12:23:10","slug":"ransomware-batters-critical-industries-but-takedowns-hint-at-relief","status":"publish","type":"post","link":"https:\/\/www.threatshub.org\/blog\/ransomware-batters-critical-industries-but-takedowns-hint-at-relief\/","title":{"rendered":"Ransomware batters critical industries, but takedowns hint at relief"},"content":{"rendered":"<p>Critical industrial organizations continued to be hammered by ransomware skids in July, while experts suggest the perps are growing in confidence that law enforcement won&#8217;t intervene.<\/p>\n<p>Of the 395 ransomware attacks claimed by criminals last month, over a third (125 or 34 percent) targeted critical industrial organizations, NCC Group said today. According to the company&#8217;s figures, the industrial sector has been the most targeted by ransomware since 2021.<\/p>\n<p>&#8220;Organisations within CNI provide critical services to society making them valuable targets, and ransomware actors pressure these targets into payment, exploiting their need to remain operational,&#8221; the report from the researchers states.&nbsp;<\/p>\n<div aria-hidden=\"true\" class=\"adun\" data-pos=\"top\" data-raptor=\"condor\" data-xsm=\",fluid,mpu,\" data-sm=\",fluid,mpu,\" data-md=\",fluid,mpu,\"> <noscript> <a href=\"https:\/\/pubads.g.doubleclick.net\/gampad\/jump?co=1&amp;iu=\/6978\/reg_security\/cybercrime&amp;sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&amp;tile=2&amp;c=2Zsdjie5P3kBq18sq8R-AugAAANE&amp;t=ct%3Dns%26unitnum%3D2%26raptor%3Dcondor%26pos%3Dtop%26test%3D0\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" src=\"https:\/\/pubads.g.doubleclick.net\/gampad\/ad?co=1&amp;iu=\/6978\/reg_security\/cybercrime&amp;sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&amp;tile=2&amp;c=2Zsdjie5P3kBq18sq8R-AugAAANE&amp;t=ct%3Dns%26unitnum%3D2%26raptor%3Dcondor%26pos%3Dtop%26test%3D0\" alt> <\/a> <\/noscript> <\/div>\n<p>&#8220;Additionally, greater interconnectivity between operational technology and IT has expanded the attack surface, providing a larger number of potential entry points to facilitate ransomware attacks.&#8221;<\/p>\n<div aria-hidden=\"true\" class=\"adun\" data-pos=\"top\" data-raptor=\"falcon\" data-xmd=\",fluid,mpu,leaderboard,\" data-lg=\",fluid,mpu,leaderboard,\" data-xlg=\",fluid,billboard,superleaderboard,mpu,leaderboard,\" data-xxlg=\",fluid,billboard,superleaderboard,brandwidth,brandimpact,leaderboard,mpu,\"> <noscript> <a href=\"https:\/\/pubads.g.doubleclick.net\/gampad\/jump?co=1&amp;iu=\/6978\/reg_security\/cybercrime&amp;sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&amp;tile=4&amp;c=44Zsdjie5P3kBq18sq8R-AugAAANE&amp;t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" src=\"https:\/\/pubads.g.doubleclick.net\/gampad\/ad?co=1&amp;iu=\/6978\/reg_security\/cybercrime&amp;sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&amp;tile=4&amp;c=44Zsdjie5P3kBq18sq8R-AugAAANE&amp;t=ct%3Dns%26unitnum%3D426raptor%3Dfalcon%26pos%3Dmid%26test%3D0\" alt> <\/a> <\/noscript> <\/div>\n<div class=\"adun_eagle_desktop_story_wrapper\">\n<div aria-hidden=\"true\" class=\"adun\" data-pos=\"mid\" data-raptor=\"eagle\" data-xxlg=\",mpu,dmpu,\"> <noscript> <a href=\"https:\/\/pubads.g.doubleclick.net\/gampad\/jump?co=1&amp;iu=\/6978\/reg_security\/cybercrime&amp;sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&amp;tile=3&amp;c=33Zsdjie5P3kBq18sq8R-AugAAANE&amp;t=ct%3Dns%26unitnum%3D3%26raptor%3Deagle%26pos%3Dmid%26test%3D0\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" src=\"https:\/\/pubads.g.doubleclick.net\/gampad\/ad?co=1&amp;iu=\/6978\/reg_security\/cybercrime&amp;sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&amp;tile=3&amp;c=33Zsdjie5P3kBq18sq8R-AugAAANE&amp;t=ct%3Dns%26unitnum%3D3%26raptor%3Deagle%26pos%3Dmid%26test%3D0\" alt> <\/a> <\/noscript> <\/div>\n<\/p><\/div>\n<p>Followers of infosec news this past year might think that healthcare would be at the top of the list, given the various catastrophes at the likes of <a target=\"_blank\" href=\"https:\/\/www.theregister.com\/2024\/04\/23\/unitedhealth_admits_breach_substantial\/\" rel=\"noopener\">Change Healthcare<\/a> and <a target=\"_blank\" href=\"https:\/\/www.theregister.com\/2024\/07\/05\/qilin_impacts_patient\/\" rel=\"noopener\">Synnovis<\/a>. However, those in the industrial sector were vastly more likely to be targeted, registering nearly three times as many attacks as the next hardest hit, consumer cyclicals.<\/p>\n<p>Providers of critical sectors were not too long ago considered by many ransomware criminals as off-limits, given law enforcement&#8217;s intervention with <a target=\"_blank\" href=\"https:\/\/forums.theregister.com\/forum\/all\/2021\/11\/05\/us_darkside_ransomware_10m_bounty\/\" rel=\"nofollow noopener\">Darkside<\/a> after its attack on Colonial Pipeline.<\/p>\n<div aria-hidden=\"true\" class=\"adun\" data-pos=\"top\" data-raptor=\"falcon\" data-xsm=\",fluid,mpu,\" data-sm=\",fluid,mpu,\" data-md=\",fluid,mpu,\"> <noscript> <a href=\"https:\/\/pubads.g.doubleclick.net\/gampad\/jump?co=1&amp;iu=\/6978\/reg_security\/cybercrime&amp;sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&amp;tile=4&amp;c=44Zsdjie5P3kBq18sq8R-AugAAANE&amp;t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" src=\"https:\/\/pubads.g.doubleclick.net\/gampad\/ad?co=1&amp;iu=\/6978\/reg_security\/cybercrime&amp;sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&amp;tile=4&amp;c=44Zsdjie5P3kBq18sq8R-AugAAANE&amp;t=ct%3Dns%26unitnum%3D426raptor%3Dfalcon%26pos%3Dmid%26test%3D0\" alt> <\/a> <\/noscript> <\/div>\n<p>As WithSecure noted in its fresh H1 2024 threat report today, there was generally thought to be a line criminals wouldn&#8217;t dare cross, fearing that they too would face the same pressure from US authorities as Darkside did. Some groups vowed to never target hospitals again, for example, although that didn&#8217;t last long.<\/p>\n<p>Yet that belief has waned, WithSecure <a target=\"_blank\" href=\"https:\/\/labs.withsecure.com\/publications\/ransomware-landscape-h1-2024\" rel=\"nofollow noopener\">said<\/a>, and did so as early as last year. Criminals no longer have any reservations about going after the most critical of targets, even against the backdrop of <a target=\"_blank\" href=\"https:\/\/www.theregister.com\/2024\/07\/31\/five_months_after_lockbit\/\" rel=\"noopener\">multiple<\/a> <a target=\"_blank\" href=\"https:\/\/www.theregister.com\/2024\/05\/30\/euro_cops_disrupt_malware_droppers\/\" rel=\"noopener\">major<\/a> <a target=\"_blank\" href=\"https:\/\/www.theregister.com\/2023\/10\/19\/europol_knocks_ragnarlocker_offline\/\" rel=\"noopener\">takedowns<\/a> in the past year.<\/p>\n<p>Those takedowns, especially of LockBit and ALPHV, have bolstered other groups. Medusa, for example, had never posted more than 20 victims to its leak blog in a single month until LockBit fell.<\/p>\n<div aria-hidden=\"true\" class=\"adun\" id=\"story_eagle_xsm_sm_md_xmd_lg_xlg\" data-pos=\"mid\" data-raptor=\"eagle\" data-xsm=\",mpu,dmpu,\" data-sm=\",mpu,dmpu,\" data-md=\",mpu,dmpu,\" data-xmd=\",mpu,dmpu,\" data-lg=\",mpu,dmpu,\" data-xlg=\",mpu,dmpu,\"> <noscript> <a href=\"https:\/\/pubads.g.doubleclick.net\/gampad\/jump?co=1&amp;iu=\/6978\/reg_security\/cybercrime&amp;sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&amp;tile=3&amp;c=33Zsdjie5P3kBq18sq8R-AugAAANE&amp;t=ct%3Dns%26unitnum%3D3%26raptor%3Deagle%26pos%3Dmid%26test%3D0\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" src=\"https:\/\/pubads.g.doubleclick.net\/gampad\/ad?co=1&amp;iu=\/6978\/reg_security\/cybercrime&amp;sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&amp;tile=3&amp;c=33Zsdjie5P3kBq18sq8R-AugAAANE&amp;t=ct%3Dns%26unitnum%3D3%26raptor%3Deagle%26pos%3Dmid%26test%3D0\" alt> <\/a> <\/noscript> <\/div>\n<p>Similarly, the likes of <a target=\"_blank\" href=\"https:\/\/www.theregister.com\/2024\/06\/20\/qilin_our_plan_was_to\/\" rel=\"noopener\">Qilin<\/a>, <a target=\"_blank\" href=\"https:\/\/www.theregister.com\/2023\/10\/25\/rebuilt_hive_ransomware_gang_stings\/\" rel=\"noopener\">Hunters International<\/a>, <a target=\"_blank\" href=\"https:\/\/www.theregister.com\/2024\/08\/19\/ransomhub_edrkilling_malware\/\" rel=\"noopener\">RansomHub<\/a>, and basically every other group have posted increased numbers since the two ransomware titans of the past few years shut down.<\/p>\n<p>Somewhat confusingly, despite every other group benefiting from law enforcement&#8217;s actions, the total number of victims being claimed year-on-year has fallen, and in the past quarter, numbers have dropped too, suggesting that fighting back is achieving the desired effect. It&#8217;s working slowly, granted, but it does seem to be moving in the right direction.<\/p>\n<p>&#8220;It is almost certain that law enforcement action has significantly impacted the ransomware ecosystem,&#8221; said WithSecure. &#8220;While it is currently too soon to draw conclusions on the long-term effectiveness of this, in the short term there has been a marked, positive impact.&#8221;<\/p>\n<p>NCC Group noticed a similar downward trend towards the middle of 2024, but was less sure about whether it would continue. There was a 20 percent increase in claimed ransomware victims in July (395) compared to June (329), but the number is still significantly lower than the months between February and May.<\/p>\n<div class=\"CaptionedImage Border Center\" readability=\"8\"><a href=\"https:\/\/regmedia.co.uk\/2024\/08\/22\/ncc_group_rw_attacks_by_month_july_2024.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/regmedia.co.uk\/2024\/08\/22\/ncc_group_rw_attacks_by_month_july_2024.jpg?x=648&amp;y=358&amp;infer_y=1\" alt=\"Monthly recorded ransomware attacks, 2023 and 2024\" title=\"Monthly recorded ransomware attacks, 2023 and 2024. Courtesy of NCC Group\" height=\"358\" width=\"648\"><\/a><\/p>\n<p class=\"text_center\">Monthly recorded ransomware attacks, 2023 and 2024. Courtesy of NCC Group \u2013 click to enlarge<\/p>\n<\/div>\n<p>&#8220;Whether this increase reflects the start of an upward trend remains to be seen, and we will continue to monitor such activity,&#8221; said NCC Group.<\/p>\n<h3 class=\"crosshead\">Miscreants cling to infostealers<\/h3>\n<p>The trend established last year that found ransomware baddies were using infostealer malware on a much grander scale continues well into 2024, the researchers noted.<\/p>\n<p>IBM X-Force <a target=\"_blank\" href=\"https:\/\/www.theregister.com\/2024\/02\/29\/infostealers_increased_use\/\" rel=\"noopener\">noticed<\/a> a massive uptick in infostealer use in 2023, a year in which many new infostealers hit the shelves, and subsequently a steep rise in attacks carried out using valid credentials.<\/p>\n<p>SpyCloud <a target=\"_blank\" href=\"https:\/\/spycloud.com\/newsroom\/spycloud-report-infostealer-malware-precursor-to-ransomware-attacks\/\" rel=\"nofollow noopener\">research<\/a> last year found that out of 2,613 ransomware cases examined, 30 percent involved the use of credentials harvested by infostealer malware in their early stages. Over three-quarters of these (76 percent) were the work of Racoon Stealer, the source code of which LockBit was thought to have been trying to purchase.<\/p>\n<p>Initial access brokers (IABs), among their other activities, play an important role in the dealing of these credentials, and are often the type of criminals that abuse infostealers the most.<\/p>\n<p>&#8220;[IABs] facilitate ransomware attacks in allowing these groups to focus less on facilitating initial access, and more on finding affiliates and the improvement of their malware,&#8221; said NCC Group.<\/p>\n<p>&#8220;In terms of corporate risk, we have observed that infostealers play a pivotal role in the initial access of the corporate environments. For example, an employee might be searching for an image editing software on their work laptop and downloads a trojanised application through SEO poisoning\/<a target=\"_blank\" href=\"https:\/\/www.theregister.com\/2023\/11\/16\/blackcat_ransomware_luring_corporate_targets\/\" rel=\"noopener\">malvertising<\/a>, usually with some infostealer capabilities. This application extracts the system, network, and user information, which could later be sold or used for carrying out follow-up attacks on the user (targeted phishing, etc).&nbsp;<\/p>\n<p>&#8220;The whole ecosystem is known as initial access brokerage, where infostealers act as a method to gather information and\/or valid credentials, up until the point that it can be used for other threat actors, like ransomware operators, for <a target=\"_blank\" href=\"https:\/\/www.theregister.com\/2024\/07\/31\/chrome_appbound_encryption\/\" rel=\"noopener\">browser session hijackings<\/a>, connections to valid enterprise accounts, and so on.&#8221; \u00ae<\/p>\n<p> READ MORE <a href=\"https:\/\/go.theregister.com\/feed\/www.theregister.com\/2024\/08\/22\/critical_industrial_ransomware\/\">HERE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Whether attack slowdown continues downward trend is the million dollar question that security researchers can&#8217;t answer Critical industrial organizations continued to be hammered by ransomware skids in July, while experts suggest the perps are growing in confidence that law enforcement won&#8217;t intervene.\u2026 READ MORE HERE&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","footnotes":""},"categories":[63],"tags":[],"class_list":["post-56897","post","type-post","status-publish","format-standard","hentry","category-the-register"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ransomware batters critical industries, but takedowns hint at relief 2026 | ThreatsHub Cybersecurity News<\/title>\n<meta name=\"description\" content=\"ThreatsHub Cybersecurity News | ThreatsHub.org | Cloud Security &amp; Cyber Threats Analysis Hub. 100% Free OSINT Threat Intelligent and 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