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Exploring Ransomware's Emerging Middle Class Evolving Cyber Threats—A GRIT Presentation

Presented by

Grayson North and Jason Baker, Principal Threat Intelligence Consultants at GuidePoint Security

About this talk

This report presentation by Jason Baker and Grayson North from GuidePoint's Research and Intelligence Team covered the July-September 2024 ransomware landscape including industry, geography, group activity and trends. Key points included the emergence of new prolific groups like Ransomhub, which saw a 150% increase in victims, and the decline of traditional heavyweights like Lockbit and Alpha/Black Cat. The total number of observed victims dropped by 22% compared to the same period last year. The discussion highlighted the shift to a "new middle class" of ransomware groups and the impact of law enforcement disruptions. Additionally, the use of AI in ransomware operations and phishing techniques exploiting legitimate services were noted.
GuidePoint Security Channel

GuidePoint Security Channel

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The GuidePoint Security Channel features presentations by leading real-world certified practitioners in the fields of AppSec, Cloud Security, Digital Forensics, Government Risk & Compliance, Identity & Access Management, Incident Response, Penetration Testing, Security Operations, Vulnerability Management and more.
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