RaaS devs hurt their credibility by cheating affiliates in Q1 2024

RaaS developers were caught cheating their affiliates, shaking the trust in the RaaS model following several high profile law enforcement actions.

Bill SiegelApril 17, 2024Quarterly Report

New Ransomware Reporting Requirements Kick in as Victims Increasingly Avoid Paying

A lower percentage of ransomware victims are paying, as new regulations begin to elicit more and more public disclosure of ransomware incidents.

Bill SiegelJanuary 26, 2024Quarterly Report

Scattered Ransomware Attribution Blurs Focus on IR Fundamentals

In Q3 2023 a series of ransomware attacks by similar threat actors created headlines and blurred the lines of attribution.

Bill SiegelOctober 30, 2023Quarterly Report

Ransom Monetization Rates Fall to Record Low Despite Jump In Average Ransom Payments

As ransomware affiliates are paid less frequently, they have adapted their strategies to compensate for the shifting dynamics of cyber extortion.

Bill SiegelJuly 21, 2023Quarterly Report

Big Game Hunting is back despite decreasing Ransom Payment Amounts

Ransomware threat actors are moving back up-market in search of lost profits as the cyber extortion economy seeks to halt its contraction.

Bill SiegelApril 28, 2023Quarterly Report

Improved Security and Backups Result in Record Low Number of Ransomware Payments

Only 37% of ransomware victims paid a ransom in Q4, a record low as security and backup continuity investments pay off.

Bill SiegelJanuary 20, 2023Quarterly Report

Uber Verdict Raises New Risks for Ransom Payments

The conviction of a high profile security executive who paid to suppress a data leak has created a new dimension of risk for security executives.

Bill SiegelOctober 26, 2022Quarterly Report

Fewer Ransomware Victims Pay, as Median Ransom Falls in Q2 2022

Ransomware actors became more fluid in Q2 2022 as attribution becomes harder, and fewer victims succumb to paying cyber criminals.

Bill SiegelJuly 28, 2022Quarterly Report

Ransomware Threat Actors Pivot from Big Game to Big Shame Hunting

Less Victims of Ransomware are Paying, even as Cybercriminals Shift from Big Game to Big Shame Hunting

Bill SiegelMay 3, 2022Quarterly Report

Law enforcement pressure forces ransomware groups to refine tactics in Q4 2021

Ransomware as a service groups are shifting their tactics as enterprises become harder targets, and law enforcement pressure mounts.

Bill SiegelFebruary 3, 2022Quarterly Report

Ransomware attackers down shift to 'Mid-Game' hunting in Q3 2021

Ransomware attacks continued to proliferate in Q3 as governments and law enforcement ratchet up the pressure of the cyber extortion economy

Bill SiegelOctober 21, 2021Quarterly Report

Q2 Ransom Payment Amounts Decline as Ransomware becomes a National Security Priority

Ransomware payment amounts declined in Q2 as several high profile attacks escalated the attention of the US government and law enforcement.

Bill SiegelJuly 23, 2021Quarterly Report

Ransomware Attack Vectors Shift as New Software Vulnerability Exploits Abound

Ransomware attacks continued to proliferate in Q1 2021 as several common but unpatched software vulnerabilities created a fresh supply of compromised network access to ransomware affiliates.

Bill SiegelApril 26, 2021Quarterly Report

Q4 2020 Doxxing Victim Trends: Industrial Sector Emerges as Primary Ransom “Non-Payor”

See how doxxing victims are distributed across industries, company sizes, and revenue tiers. Find Coveware’s data and analysis on doxxing trends in Q4.

Bill SiegelFebruary 23, 2021Quarterly Report

Ransomware Payments Fall as Fewer Companies Pay Data Exfiltration Extortion Demands

Coveware’s Q4 Ransomware Report finds that fewer companies are paying criminal extortionists that are holding stolen data for ransom.

Bill SiegelFebruary 1, 2021Quarterly Report

Ransomware Demands continue to rise as Data Exfiltration becomes common, and Maze subdues

Ransomware attacks in Q3 2020 were marked by a larger reliance on stolen data. During the quarter, Maze sunset their operations while Ryuk restarted their campaign.

Bill SiegelNovember 4, 2020Quarterly Report

Ransomware Attacks Fracture Between Enterprise and Ransomware-as-a-Service in Q2 as Demands Increase

During the first quarter of 2020 ransomware threat actors took advantage of the economic and workplace disruption caused by the COVID-19 outbreak. A proliferation of new variants were observed as some regular ransomware types began to fade. Read on!

Bill SiegelAugust 3, 2020Quarterly Report

Ransomware Payments Up 33% As Maze and Sodinokibi Proliferate in Q1 2020

During the first quarter of 2020 ransomware threat actors took advantage of the economic and workplace disruption caused by the COVID-19 outbreak. A proliferation of new variants were observed as some regular ransomware types began to fade. Read on!

Bill SiegelApril 29, 2020Quarterly Report