Hackers continued to utilise malware and increasingly relied on tools with legitimate uses that allowed cybercriminal operations to go undetected for longer in the first quarter (Q1) of this year, a new report showed on Friday.
In its Q1 2024 Crimeware Report, the global cyber risk management company Arete showed that median ransom payments rose slightly from Q4 to Q1 but remained about the same as the median payments for all of 2023.
"This report highlights the importance of vigilance and collaboration in the face of ransomware and extortion attacks," said Chris Martenson, Arete’s Chief Data Officer. According to the report, throughout Q1, law enforcement continued to pressure large RaaS (Ransomware-as-a-Service) groups, significantly disrupting LockBit’s operations.