2024 State of Ransomware Report

Ransomware attacks are not just increasing in number, but in sophistication as well— ransomware gangs are quicker and stealthier than ever before. 

But with knowledge of the latest ransomware gangs comes the power to defeat them.   

In the ThreatDown 2024 State of Ransomware Report, we look at the top ransomware gangs and the new playbook needed to counter their attacks. 

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Key findings

  • Ransomware payments passed $1 billion a year for the first time in 2023, while the average ransom payment climbed to $620,000.
  • 63% rise in US ransomware attacks and a 67% increase for UK ransomware attacks. 
  • Attackers have improved the speed and stealthiness of their attacks with three new tactics. 

What’s inside?

Our 2024 Ransomware Report covers the critical changes in the ransomware landscape in the past year, focusing on the USA, UK, and other key regions. We explore the notable disruption of LockBit and ALPHV, highlighting how their decline has paved the way for smaller, more agile groups. 
 
Additional insights include which industries are most at risk and how a notable rise in Living Off the Land (LOTL) techniques and nighttime attacks indicates a shift toward faster and stealthier ransomware operations. 

What you’ll learn

Understand the most targeted sectors and explore the top 3 tactics ransomware gangs are using to get the upper hand against businesses. Learn about new trends in attack timing that necessitates constant monitoring, how defense techniques need to adapt to evolving threats, and strategies to detect and stop ransomware attackers already in your environment. 

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