{"id":5283,"date":"2023-12-27T08:32:22","date_gmt":"2023-12-27T13:32:22","guid":{"rendered":"https:\/\/lg-staging.lougcloud.com\/?p=5283"},"modified":"2026-07-14T22:17:03","modified_gmt":"2026-07-15T03:17:03","slug":"the-2023-ransomware-year-in-review","status":"publish","type":"post","link":"https:\/\/lg-staging.lougcloud.com\/?p=5283","title":{"rendered":"The 2023 Ransomware Year In Review"},"content":{"rendered":"\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-85bp3-f856194ef33e7bc72ec0d3bf98278fce\">\n.flex_column.av-85bp3-f856194ef33e7bc72ec0d3bf98278fce{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-85bp3-f856194ef33e7bc72ec0d3bf98278fce av_one_full  avia-builder-el-0  avia-builder-el-no-sibling  first flex_column_div av-zero-column-padding  '     ><p><br \/>\n<section  class='av_textblock_section av-k0pon615-92ea21455f84089b14b66129c69212c2 '  ><div class='avia_textblock' ><h1>The 2023 Ransomware Year In Review<\/h1>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-k0pop9td-399c35357da9cf26107da9a57de824c5 '  ><div class='avia_textblock' ><p><span data-contrast=\"auto\">Ransomware attacks unfortunately grew significantly in 2023. Some estimates claim infections rose by more than 95 percent. <\/span><a href=\"https:\/\/lg-staging.lougcloud.com\/news\/icymi-at-midyear-2023-data-breaches-and-ransomware-attacks-already-prove-worrisome\/\"><span data-contrast=\"none\">Based on how the year began<\/span><\/a><span data-contrast=\"none\">, <\/span><span data-contrast=\"auto\">that should prove no surprise.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">With just two months remaining in the year, <\/span><a href=\"https:\/\/www.corvusinsurance.com\/pressroom\/2023-ransomware-attacks-up-more-than-95-over-2022-according-to-corvus-insurance-q3-report\"><span data-contrast=\"none\">Corvus Insurance noted<\/span><\/a> <span data-contrast=\"auto\">the number of ransomware victims in 2023 surpassed those from previous years and was on track to exceed 4,000, up from 2,670 the year before. <\/span><a href=\"https:\/\/www.malwarebytes.com\/blog\"><span data-contrast=\"none\">A December 2023 report<\/span><\/a> <span data-contrast=\"auto\">by cyber protection provider Malwarebytes confirmed ransomware activity continued at a worrying pace late in the year when it reported ransomware actors were most active in November with the only month exceeding the month\u2019s activity being May.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h2>Who or What is Responsible for the rise in ransomware activity?<\/h2>\n<p><span data-contrast=\"auto\">Corvus Insurance claims two factors fueled the year\u2019s ransomware infections. The first is the <\/span><b><span data-contrast=\"none\">CL0P<\/span><\/b><span data-contrast=\"auto\"> ransomware group that began the year exploiting a GoAnywhere file transfer application weakness and later launched widespread attacks targeting the widespread MOVEit vulnerability. The second is malicious hackers continued attacking throughout the summer, whereas previous years typically experienced declines during that season.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"none\">BlackCat <\/span><\/b><span data-contrast=\"auto\">(also known by the names <\/span><b><span data-contrast=\"none\">ALPHV <\/span><\/b><span data-contrast=\"auto\">and N<\/span><b><span data-contrast=\"none\">oberus<\/span><\/b><span data-contrast=\"auto\">) and <\/span><b><span data-contrast=\"none\">Black Basta<\/span><\/b><span data-contrast=\"auto\">, too, were among active ransomware groups producing eponymous variants. The <\/span><span data-contrast=\"none\">BlackCat <\/span><span data-contrast=\"auto\">ransomware family of infectious software is written in Rust, the programming language malicious hackers often favor due to its memory management features and efficiency. Black Basta, like BlackCat, is a criminal group that also operates a Ransomware-as-a-Service (RaaS) operation and often engages in double extortion attacks in which victims\u2019 files are both extracted and corrupted. Unless a ransom is paid, the cybercriminals do not provide a decryption key necessary to recover the corrupted files and the malicious actors also post the victim\u2019s private information to public Internet sites.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Another malicious group active in 2023 was <\/span><b><span data-contrast=\"none\">LockBit<\/span><\/b><span data-contrast=\"auto\">. The ransomware threat actor, which also functions as a RaaS and reportedly possesses Russian-speaking members who claim the organization is located in the Netherlands, attacks organizations of all sizes. Similar to many others, the criminal group\u202falso works with affiliates to which it sells and supports the use of its ransomware variants. <\/span><a href=\"https:\/\/www.malwarebytes.com\/blog\/threat-intelligence\/2023\/12\/ransomware-review-december-2023\"><span data-contrast=\"none\">According to Malwarebytes\u2019 December 2023 report<\/span><\/a><span data-contrast=\"none\">, <\/span><span data-contrast=\"auto\">other organizations responsible for ransomware attacks in 2023 include <\/span><b><span data-contrast=\"none\">8BASE<\/span><\/b><span data-contrast=\"none\">,<\/span><b><span data-contrast=\"none\"> NoEscape <\/span><\/b><span data-contrast=\"none\">and <\/span><b><span data-contrast=\"none\">Akira<\/span><\/b><span data-contrast=\"auto\">.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h2>Who did criminal actors victimize?<\/h2>\n<p><span data-contrast=\"auto\">Midway through the year <\/span><a href=\"https:\/\/www.statista.com\/statistics\/1385289\/cause-ransomware-attacks-by-industry\/\"><span data-contrast=\"none\">Statista reported<\/span><\/a><span data-contrast=\"auto\"> the media, leisure and entertainment industry suffered the most vulnerabilities exploited using ransomware infections. Organizations operating in critical industries, such as educational institutions, government agencies and healthcare providers, were also particularly affected by ransomware (including the MOVEit transfer attacks) throughout 2023.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Later in the year, LockBit disrupted financial operations in multiple countries. In addition to corrupting files from the giant Industrial and Commercial Bank of China LTD (ICBC), China\u2019s largest bank, the criminal group\u2019s actions also reportedly delayed US Treasury financial transactions.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">There were so many ransomware victims throughout the year they can\u2019t all reasonably be listed. A sample of prominent organizations known to have fallen victim to ransomware attacks in 2023, however, includes the UK\u2019s Royal Mail, Ministry of Defence and British Library, as well as multinational concerns Boeing and Shimano. Other ransomware victims in 2023 included the City of Dallas, Caesars Entertainment, MGM Resorts, Toyota, Minneapolis Public Schools and even the US Marshals Service, to name just a few more.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h2>How did cybercriminals infect victims?<\/h2>\n<p><a href=\"https:\/\/www.statista.com\/statistics\/1385289\/cause-ransomware-attacks-by-industry\/\"><span data-contrast=\"none\">According to Statista<\/span><\/a><span data-contrast=\"auto\">, the exploitation of existing vulnerabilities was the primary method hackers used to penetrate organizations. The next most common methods were the use of compromised credentials and malicious email messages.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Phishing messages\u2014in which malicious actors send a fraudulent email message to an intended victim with the goal of tricking the target into sharing sensitive information or inadvertently installing malicious software on behalf of the bad actor\u2014 and malware\u2014essentially infected files often included within email messages and posted to web sites\u2014are also prominent ransomware attack methods. Brute force attacks against servers and stolen credentials are yet two more leading strategies.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h2>How much did ransomware infections cost?<\/h2>\n<p><a href=\"https:\/\/www.statista.com\/topics\/4136\/ransomware\/#topicOverview\"><span data-contrast=\"none\">Statista noted that<\/span><\/a><span data-contrast=\"auto\">, in the year\u2019s second quarter, 34 percent of ransomware attacks resulted in a ransom payment. The data collection and visualization company also revealed the average ransom amount it tracked more than doubled from the previous quarter to surpass $740K.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">While ransomware statistics vary widely depending upon the source, study methodology and numerous other factors, the figures are typically discouraging. <\/span><a href=\"https:\/\/www.sophos.com\/en-us\/content\/state-of-ransomware\"><span data-contrast=\"none\">The Sophos\u2019 State of Ransomware 2023 report<\/span><\/a> <span data-contrast=\"auto\">published earlier in the year, for example, notes 66 percent of organizations were struck by ransomware within the last year, 76 percent of those attacks resulted in data becoming encrypted and the average (mean) ransom actually totaled $1.54 million, far higher than Statista\u2019s estimate. Worse, Sophos said the mean recovery cost, minus any ransom payment (an expense sometimes covered by cybersecurity insurance depending upon the plan, coverage and incident), reached $1.82 million.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h2>How can your organization best protect itself?<\/h2>\n<p><span data-contrast=\"auto\">While the details of a proper ransomware protection strategy are beyond the scope of this year-in-review article, there are several elements all organizations should ensure they implement.\u00a0 Experts continually recommend organizations take the following steps to protect their systems, data and operations:<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<ol>\n<li data-leveltext=\"%1.\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Install and configure capable antimalware programs to automatically conduct regular scans and generate automated alerts.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"%1.\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Implement strong anti-spam filters to help prevent phishing messages from reaching users.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"%1.\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Filter network traffic using business-grade firewalls to help prevent malicious traffic from entering networks.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"%1.\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Continually update operating systems, software applications and hardware firmware to block known vulnerabilities.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"%1.\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Require multifactor authentication on all systems offering MFA or two-factor authentication.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ol>\n<p><span data-contrast=\"auto\">Educating users as to proper computing behaviors is also important. Subsequently, <\/span><a href=\"https:\/\/lg-staging.lougcloud.com\/news\/cyber-security-awareness-training\/\"><span data-contrast=\"none\">security awareness training<\/span><\/a><span data-contrast=\"auto\"> is another component organizations of all sizes can implement to better protect against ransomware infections and subsequent disruptions.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">One thing\u2019s for sure. <\/span><span data-contrast=\"none\">Widespread breaches reinforce the importance of observing cybersecurity fundamentals<\/span><span data-contrast=\"auto\">.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<\/div><\/section><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":2,"featured_media":5285,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-5283","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cybersecurity-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - 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