In 2024, new ransomware gangs have emerged, notably the AI-assisted Funksec which claimed a large number of victims, indicating a worrying trend towards fragmentation. Luke Donovan from Searchlight Cyber highlights the shift from a few major groups to numerous smaller operations. Funksec, a double extortion group, has come onto the scene with claims of utilizing AI-generated code. Their new Ransomware-as-a-Service model suggests an evolving and increasingly sophisticated threat landscape for organizations, as these groups target various sectors, complicating defenses against ransomware attacks.
"While we are used to the idea of a handful of mega-groups accounting for most ransomware victims, this is no longer the reality."
"There are dozens of ransomware groups posting victims on the - and more emerge every week."
"Check Point noted that while the group's dark web communications appear in rudimentary English, its code comments are impeccable."
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