Mathew J. Schwartz reports:
The downfall of previously high-flying ransomware operations Alphv and LockBit has shaken up the criminal underground, turning some former affiliates into lone operators and causing some under-the-radar groups to rack up record extortion payments.
Ransomware incident response firm Coveware said in a report that 10% of all ransomware attacks it monitored from April through June came from lone operators – a massive surge.
Overall, more victims (36%) paid ransom in the second quarter of this year than in the first quarter (28%).
Read more at BankInfoSecurity.