Phone : +91 95 8290 7788 | Email : sales@itmonteur.net

Register & Request Quote | Submit Support Ticket

Home » Cyber Security News » LockBit, ALPHV lead attacks as healthcare sector faces surge – ET CISO

LockBit, ALPHV lead attacks as healthcare sector faces surge – ET CISO

LockBit, ALPHV lead attacks as healthcare sector faces surge – ET CISO

https://etimg.etb2bimg.com/thumb/msid-113655320,imgsize-2202671,width-1200,height=765,overlay-etciso/research/ransomwares-evolving-menace-lockbit-alphv-lead-attacks-as-healthcare-sector-faces-surge.jpg

According to the latest research by Barracuda Networks, Inc., a leading provider of cloud-first security solutions, over 1 in 5 (21%) of reported ransomware incidents hit healthcare organizations in the last 12 months, up from 18% a year ago. This was followed by 15% of reported attacks against manufacturing, 13% targeted technology firms, and incidents involving education halved from last year’s 18% to account for 9% in 2023/24.

Barracuda researchers analyzed publicly reported ransomware attacks covering August 2023 to July 2024, involving 37 countries and 36 different ransomware groups.

The most prevalent ransomware groups were ransomware-as-a-service (RaaS) models. These include LockBit, which was behind 1 in 6 (18%) of attacks where the identity of the attacker is known. While ALPHV/BlackCat ransomware accounted for 14% of attacks, the Barracuda report states.

The Crimeware Report by Arete reports similar findings. According to the report, the first half of 2024 (H1 2024) was characterized by an increasingly complex threat landscape despite law enforcement’s successful attempts to disrupt ransomware operations.

International law enforcement actions against LockBit and ALPHV/BlackCat—the two most prolific Ransomware-as-a-Service (RaaS) groups coming into 2024—resulted in a significant splintering in the ransomware and extortion landscape.

LockBit’s activity has significantly declined since international sanctions were imposed on its leader, Dmitry Yuryevich Khoroshev. Khoroshev disrupted the group’s ability to collect ransom payments from victims. However, ALPHV eventually shutdown its operations in March 2024. Whereas Akira ransomware groups had the highest volume of attacks in Q2 of 2024, the report highlighted.

On the other hand, Seqrite, the enterprise arm of global cybersecurity solution provider, Quick Heal Technologies Ltd has unveiled the latest findings on a dangerous fileless ransomware campaign, “Cronus,” targeting unsuspecting users through fraudulent PayPal documents. Hackers exploit PowerShell, a legitimate Windows tool, to deliver this sophisticated ransomware without leaving traces in the form of files, making detection incredibly challenging for traditional antivirus software. Once activated, the ransomware locks crucial data and demands a ransom from the victims.

“Ransomware gangs have evolved into highly organised cybercriminal networks, strategically investing in sophisticated tools and techniques to refine their attacks and eliminate past mistakes. One common approach involves infiltrating large organisations through smaller, less secure supply chain vendors. Once inside, they paralyse operations and demand ransom, often using double extortion tactics. This means not only encrypting critical data but also threatening to leak sensitive information on dedicated leak sites to coerce victims into paying”, said, Dr. Sanjay Katkar, Joint Managing Director, Quick Heal Technologies Limited.

“At Seqrite, we focus on proactive threat detection, deploying AI-driven solutions to identify and neutralise ransomware threats before they penetrate. By continuously monitoring endpoints and integrating multi-layered defences, we help organisations stay ahead of these evolving attacks and secure their critical infrastructure”, he further added.

As we move forward, collaboration among law enforcement, cybersecurity firms, and organizations is essential to combat the evolving threat landscape. By staying informed and prepared, businesses can mitigate the risks posed by ransomware and protect their critical assets from falling into the hands of malicious actors. The fight against cybercrime is ongoing, and a united front is crucial for creating a safer digital environment for everyone.

  • Published On Sep 25, 2024 at 11:21 AM IST

Join the community of 2M+ industry professionals

Subscribe to our newsletter to get latest insights & analysis.

Download ETCISO App

  • Get Realtime updates
  • Save your favourite articles


Scan to download App

Information Security - InfoSec - Cyber Security - Firewall Support Providers Company in India

 

What is Firewall? A Firewall is a network security device that monitors and filters incoming and outgoing network traffic based on an organization's previously established security policies. At its most basic, a firewall is essentially the barrier that sits between a private internal network and the public Internet.

 

Secure your network at the gateway against threats such as intrusions, Viruses, Spyware, Worms, Trojans, Adware, Keyloggers, Malicious Mobile Code (MMC), and other dangerous applications for total protection in a convenient, affordable subscription-based service. Modern threats like web-based malware attacks, targeted attacks, application-layer attacks, and more have had a significantly negative effect on the threat landscape. In fact, more than 80% of all new malware and intrusion attempts are exploiting weaknesses in applications, as opposed to weaknesses in networking components and services. Stateful firewalls with simple packet filtering capabilities were efficient blocking unwanted applications as most applications met the port-protocol expectations. Administrators could promptly prevent an unsafe application from being accessed by users by blocking the associated ports and protocols.

 

Firewall Firm is an IT Monteur Firewall Company provides Managed Firewall Support, Firewall providers , Firewall Security Service Provider, Network Security Services, Firewall Solutions India , New Delhi - India's capital territory , Mumbai - Bombay , Kolkata - Calcutta , Chennai - Madras , Bangaluru - Bangalore , Bhubaneswar, Ahmedabad, Hyderabad, Pune, Surat, Jaipur, Firewall Service Providers in India, Welcome to IT Monteur's Firewall Firm, India's No1 Managed Enterprise Network Security Firewall Support Provider Company in India, Firewall Firm Provider Complete range of Juniper Firewall Support , Cisco Firewall Support , Check Point Firewall Support , Palo Alto Firewall Support , FortiGate Firewall Support , Forcepoint Firewall Support , Sophos Firewall Support , WatchGuard Firewall Support , Baracuda Firewall Support , SonicWall Firewall Support , Gajshield Firewall Support , Seqrite Firewall Support , Firewall , Hardware Firewall , Software Firewall , Firewall India , Firewall , Network Firewall , Firewall Support , Firewall Monitoring , Firewall VPN , WAF Website Firewall , Firewall Security , Firewall India , Firewalls Support Provider in India , Firewall Support Services Provider Company in India

Sales Number : +91 95 8290 7788 | Support Number : +91 94 8585 7788
Sales Email : sales@itmonteur.net | Support Email : support@itmonteur.net

Register & Request Quote | Submit Support Ticket