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Blackfog July State of Ransomware Report reveals huge increase in July attacks compared to last year
August 2024 by Dr Darren Williams, CEO and Founder of Blackfog
Blackfog’s July State of Ransomware Report is here (https://privacy.blackfog.com/wp-content/uploads/2024/08/BlackFogRansomwareReport-Jul-2024.pdf), revealing a huge increase in ransomware attacks compared to what is typical for this type of year! Darren Williams, CEO and Founder of Blackfog explains:
“Unlike recent years where July has been a quiet month for ransomware, this year we have recorded 60 publicly disclosed attacks, a 58% increase from last year. Although the US was the highest targeted location, there was a surge of attacks in Australia this month, with 7 recorded. Government topped the targeted industries with 15 attacks, followed by education and healthcare with 9 attacks each. LockBit and Ransomhub were both as equally dominant, clocking up 5 claimed victims. Some of the big news stories this month included attacks on Los Angeles County Superior Court, OneBlood and Southern California’s 911 services.
Roundup
As the 3rd highest month of the year, July was unusually busy, and represents the largest July on record with 60 publicly disclosed attacks. Similarly, it represents the second highest number of undisclosed attacks of the year with a total of 406, and a ratio of 677% undisclosed to disclosed attacks.
Interestingly, the biggest increase in attacks this month was the arts and entertainment sector with 31%. This was closely followed by the government sector with a 24% increase, while education and healthcare had modest increases of 19% and 14% respectively.
Continuing from last month, Medusa saw a 19% increase in reported and 14% unreported attacks, with LockBit still maintaining a 200% lead over its nearest rival.
This month we have also started monitoring ransomware payment rates courtesy of our friends at CoveWare. As most ransomware now focuses on data exfiltration, we note that 43% of victims involving data exfiltration choose to pay the ransom versus 36% overall. This highlights the increasing importance that organizations place on intellectual property and customer data. Over 93% of attacks now involve data exfiltration with China and Russia the leading destinations with 16% and 6% respectively.”
