Ransomware’s Evolving Threat: The Rise of RansomHub, Decline of Lockbit, and the New Era of Data Extortion

1.Introduction The ransomware landscape is witnessing significant changes, with new actors like RansomHub rising to prominence, while previously dominant groups such as Lockbit experience a sharp decline. Ransomware remains the most pervasive cyber threat, with financially motivated criminal groups deploying increasingly sophisticated tactics, including Ransomware-as-a-Service (RaaS) models and double extortion. This report, based on Check Point Research’s (CPR) September 2024 analysis, provides an in-depth review of the current ransomware trends, key actors, and their impact on sectors such as industrial manufacturing, education, and healthcare. This evolution in tactics, coupled with the growing capabilities of emerging groups, poses significant challenges for […]

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