2023 RTF Global Ransomware Incident Map: Attacks Increase by 73%

FanJ · Sep 27, 2024

Institute for Security and Technology
2023 RTF Global Ransomware Incident Map: Attacks Increase by 73%, Big Game Hunting Appears to Surge
By Taylor Grossman, Trevaughn Smith on September 26, 2024
https://securityandtechnology.org/blog/2023-rtf-global-ransomware-incident-map/

The 2023 RTF Global Ransomware Incident Map presents the task force’s annual map of ransomware incidents and identifies ransomware trends worldwide. We noted in last year’s map that the decline in ransomware incidents in 2022 was likely temporary due to several factors, most notably law enforcement action and the invasion of Ukraine. Indeed, starting in January 2023, we began to see the number of incidents increase, a trend that our data indicates ultimately resulted in a 73% year-over-year increase in attacks from 2022 to 2023. This piece examines data from eCrime.ch, a site that compiles messages on data leak sites as its primary source of ransomware incident tracking. We explore in greater detail in the Data and Methodology section the benefits and limitations of this approach.
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We argue that this significant rise illustrates a shift in tactics to big game hunting—targeting high-value organizations or entities with ransomware attacks—and use this as an opportunity to analyze one of the largest incidents of the year: CL0P’s exploitation of the MOVEit vulnerability. Because ransomware activity continues to trend in the wrong direction, we reiterate our call for an increased focus on deterrence and disruptive efforts as articulated in the April 2024 RTF progress report. Available evidence suggests that government and industry actions taken in 2023 were not enough to significantly reduce the profitability of the ransomware model.
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2023 RTF Global Ransomware Incident Map: Attacks Increase by 73%

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