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Finance Sector Huge Spike in Ransomware Attacks - BlackFog September Monthly State of Ransomware Report
October 2024 by Dr Darren Williams, CEO and Founder of Blackfog
Notably, the finance sector saw a huge increase in attacks, with a 47%
increase in September.
Furthermore, this month had the second highest number of reported
ransomware attacks of the year, at 65 publicly disclosed attacks and 392
undisclosed attacks. Darren Williams, CEO and Founder of BlackFog explains:
"September saw the second highest number of ransomware attacks of the
year with 65 publicly disclosed attacks and 392 undisclosed attacks.
This represents a ratio of 6 to 1 undisclosed to disclosed attacks for
the month.
The most dramatic change we saw this month from a sector perspective was
the finance sector, seeing a 47% increase in attacks. The sectors of
Healthcare, Government and Education continue to lead the way with
increases of 13%, 15% and 18% respectively. Healthcare and Government
are now more than double every other sector except Education as we move
into the 4th quarter.
From a variant perspective we saw the biggest gains with Hunters
International group with a 22% increase, followed by Medusa with 16%,
reflecting their success across a broad range of sectors. In terms of
unreported attacks, we saw a massive increase in attacks from RansomHub,
with 53% growth this month, and expect this to be reflected in the
reported attacks over the coming months.
China continues to dominate data exfiltration this month, with a 2%
increase to 22%, following the 4% increase last month. Russia remains
stable at around 5%, with 93% of all attacks involving some form of data
exfiltration."
