Ransomware Epidemic: US Leads in Cyber Attacks, India’s Essential Services Close Behind, Reports Cyble

ATLANTA, January 09, 2023: Cyble, the Y Combinator-backed leader in AI-powered global cyber threat intelligence, announced the release of its much-awaited Annual Threat Landscape Report 2023, highlighting the evolutions it observed in 2023 with regard to cyber threats, critical insights for governments and businesses to bolster their defenses amid escalating risks.

2023 has been a year like no other, marked by the intensification of geopolitical conflicts in the Middle East and Ukraine, alongside the rapid proliferation of AI technologies by cybercriminals. The year witnessed high-profile cyberattacks targeting global entities and critical infrastructures, highlighting an urgent need for comprehensive cybersecurity strategies.

Ransomware attacks doubled in 2023, Highlights Cyble Annual Threat Landscape Report 2023. LOCKBIT, ALPHV, and CL0P Account for nearly 50% of Ransomware Attacks in 2023, Reveals Cyble.

Here, the United States experienced the highest number of attacks from ransomware groups and other threat actors, followed closely by the Government, Law Enforcement Agencies, and Banking, Financial Services, and Insurance sectors in India, which were the next most targeted.

More than 30 new ransomware groups emerged in 2023. Newly emerged ransomware groups such as 8Base – a variant of Phobos ransomware – and Akira – from the shadows of Conti – emerged to be among the 10 most active ransomware groups.

“The Annual Threat Landscape Report is vital for cybersecurity and infosec professionals alike. Confronted by a constantly evolving threat landscape replete with unprecedented digital threats, understanding ongoing attack vectors and predicting evolving tactics is crucial,” states Kaustubh Medhe, VP – Research and Threat Intelligence of Cyble. “This report outlines key developments in cyberspace over the last year and equips organizations with insights to mitigate emerging risks proactively.”

Cyber incidents also brought to light many emerging threat actors on the new variants of breach forums, including Ddarknotevil, Cookiemonster, and g0d, whose activities gained prominence this year.

The reports also highlight that the most prevalent attack vectors employed by ransomware groups continued to be compromised access through Stealer Logs, Social Engineering, and Phishing. Additionally, there was a notable uptick in the use of AI for crafting highly sophisticated targeted reconnaissance campaigns.

Richard Sands, CISO of Cyble, added, “The cybersecurity landscape is more dynamic than ever, and the challenges of 2023 underscore the importance of proactive defense strategies. Our report not only highlights the current threats but also provides insights that empower organizations to build robust cybersecurity frameworks capable of withstanding the rapid evolution we are witnessing in the threat landscape.”

The report emphasizes cybersecurity experts’ predictions and provides crucial tips to help organizations proactively safeguard against evolving cyber-attacks and respond effectively to potential incidents.

The Annual Threat Landscape Report is an essential resource for those seeking to strengthen their cybersecurity defenses and navigate the evolving threat landscape. Seize this opportunity to fortify your digital resilience and safeguard your organization’s invaluable assets.

The complete Annual Threat Landscape Report 2023 is available at  https://bit.ly/3H4ScrE.

Stay informed. Stay secure.

About Cyble

Cyble is a prominent global leader in AI-powered cyber threat intelligence specializing in Deepweb, Darkweb, and Surface Web, based in Atlanta, Georgia. Cyble’s commitment to excellence and innovation has earned it prestigious accolades, including recognition as one of America’s Best Startup Employers by Forbes and multiple wins at the Global InfoSec Awards 2023. It has also been honored as one of the Fastest-growing Cybersecurity Companies 2023 in North America by the Cybersecurity Excellence Awards. With a strong emphasis on workplace satisfaction, Cyble has been named one of the Most Preferred Workplaces 2023-2024 by Team Marksmen.

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