Ransomware attacks are costing smaller businesses more than twice as much as larger companies.
The 12-month analysis also showed that the average ransomware attack cost smaller businesses more than twice as much as those of larger companies.
The Rise of Ransomware Attacks
Ransomware has become a significant threat to businesses worldwide, with its impact felt across various industries. The 12-month analysis by Huntress’ industry-defining security team provides valuable insights into the tactics and strategies employed by ransomware groups to maximize profits.
Key Findings
The Evolution of Ransomware Attacks
Ransomware attacks have evolved significantly over the past year, with ransomware groups adopting more sophisticated methods to maximize profits.
Lynx ransomware is a highly adaptable and versatile threat actor that has been linked to several high-profile attacks in the past year alone.
The Rise of Lynx Ransomware
Lynx ransomware has been making waves in the cybersecurity world, with its highly adaptable and versatile nature making it a formidable threat. The group’s tactics, techniques, and procedures (TTPs) are similar to those of LockBit, but with some notable differences.
Key Features of Lynx Ransomware
The Lynx Ransomware Landscape
The Lynx ransomware landscape is complex and constantly evolving. The group’s TTPs are similar to those of LockBit, but with some notable differences.
Key Players in the Lynx Ransomware Ecosystem
This shift has led to a surge in ransomware attacks, with devastating consequences for individuals, businesses, and governments worldwide.
The Rise of RaaS Groups
The proliferation of RaaS groups has been a significant factor in the recent surge in ransomware attacks. These groups have adopted a ‘quantity over quality’ approach, focusing on launching a high volume of attacks rather than investing in individualized, high-stakes operations.
Education Sector Under Siege: Hackers Target Institutions with Increased Frequency and Sophistication.
The Rise of Education Sector Attacks
The education sector has become a prime target for hackers in recent years, with a significant increase in attacks reported in 2024. According to recent statistics, 21% of all attacks were directed towards educational institutions, making it the most targeted industry by hackers.
Types of Attacks on Education Sector
Hackers have employed various tactics to compromise educational institutions, including:
Consequences of Education Sector Attacks
The consequences of education sector attacks can be severe, including:
Adware, in particular, has become a significant threat due to its ability to collect user data and sell it to third-party companies.
The Rise of Infostealers
Infostealers have become a major concern in the cybersecurity landscape, with nearly a quarter of all observed incidents attributed to these malicious actors.
The Rise of Automated Attacks
The increasing reliance on automation in cybersecurity has led to a significant shift in the way attackers operate. In 2024, a staggering 87% of attacks were automated or assisted by automated tools. This trend is a direct result of the growing sophistication of malware and the ease of access to cybercrime tools.
The Role of Automation in Cybercrime
Automation has become a crucial component of modern cybercrime. Attackers can now use automated tools to launch attacks, gather intelligence, and even create malware.
QR code phishing, in particular, is a particularly dangerous type of attack that can be easily missed by even the most vigilant users. Here’s how it works: An attacker creates a legitimate-looking QR code that appears to be from a trusted source, such as a bank or a well-known retailer. The attacker then uses the QR code to direct the user to a phishing website that appears to be the real thing. Once the user scans the QR code, they are prompted to enter their login credentials or other sensitive information. The attacker then uses this information to gain unauthorized access to the user’s account. QR code phishing is particularly effective because it relies on the trust and familiarity that users have with legitimate QR codes. Many users are accustomed to scanning QR codes to access online services, and the attackers take advantage of this trust by making the phishing website appear to be a legitimate one. This type of attack can be extremely difficult to detect because it is often designed to blend in seamlessly with the real thing. Furthermore, QR code phishing can be launched from anywhere, making it a highly mobile and flexible attack vector. Living Off Trusted Sites (LoTS) is another sophisticated technique that attackers are using to gain access to sensitive information. LoTS involves using trusted websites and networks to launch attacks on unsuspecting victims. This technique is particularly effective because it uses the trust and familiarity that users have with these websites and networks to gain access to their systems.
Huntress is the only enterprise-grade cybersecurity solution that is truly people-powered, leveraging the collective expertise of its community of security professionals to provide unparalleled protection and support.
What is Huntress? Huntress is a cutting-edge cybersecurity solution designed to empower underresourced tech teams. By leveraging the collective expertise of its community of security professionals, Huntress provides unparalleled protection and support to businesses of all sizes. With its fully owned technology developed by and for its team of security analysts, engineers, and researchers, Huntress is the go-to solution for organizations that need robust cybersecurity without the hefty price tag. ### Key Features of Huntress
How Huntress Works
Huntress works by leveraging the collective expertise of its community of security professionals to provide unparalleled protection and support.
Huntress offers various services, including proactive monitoring, incident response, and cybersecurity consulting to businesses. They can be contacted through their website, social media, or by phone.
Step 1: Introduction to Huntress Security Operations Center
Huntress Security Operations Center is a cutting-edge cybersecurity solution designed to protect businesses from various cyber threats. Its primary focus is on providing remediation services for both Office of Internet Services (OIS) and Internet of Services (IIS) networks. The center’s exceptional track record of detecting and responding to threats is noteworthy, boasting a false-positive rate of less than 1%.
