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All issuesVolume 307, Issue 1IT NewsSecurity

Cybercrime Gangs Now Deploying Ransomware Within 24 Hours Of Hacking Victims

The Record, Thursday, October 5,2023

Cybercriminals are now deploying ransomware within the first day of initially compromising their targets, a dramatic drop on the 4.5 days that the task had been taking last year, according to a new threat report.

Cybersecurity company Secureworks warns that '2023 may be the most prolific year for ransomware attacks to date' with three times as many victims listed on leak sites in May this year as there were in the same month a year ago.

Leak sites are a poor metric for assessing the size of the ransomware problem, the company's report notes, pointing out that the leak site for Hive - which was disrupted by law enforcement earlier this year - listed only around 10% of the total victims law enforcement knew about.

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