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Ransomware attacks broke records in July

Posted on Aug 29, 2023
Ransomware attacks broke records in July

New NCC Group data finds July ransomware incident rates have broken previous records, with Cl0p playing no small part.

In a new report released by NCC Group's Global Threat Intelligence team, analysts observed a record number of ransomware-related cyberattacks last month, with 502 major incidents tracked.

According to the researchers, this represents a 154% increase year-on-year, compared to 198 attacks traced in July 2022. 

NCC Group says that this record number is due, in no small part, to the activities of Cl0P, a notorious group connected to the exploit of MOVEit software.

Cl0p, also known or associated with Lace Tempest, was responsible for 171 of 502 attacks in July, many of which are believed to be down to the exploitation of file transfer software MOVEit.

Alleged victims include the US Department of Energy, Shell, the BBC, Ofcom, the National Student Clearinghouse, and numerous US universities. 

Following Cl0p, Lockbit 3.0 was ranked as the second-most active ransomware gang in July, being responsible for 50 attacks, or 10%. While this represents a decline of 17% month-on-month,

July was also a staging ground for new and rebranded threat actors to make their presence known.  

Full article here https://www.zdnet.com/article/ransomware-attacks-broke-records-in-july-mainly-driven-by-this-one-group/

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