Although 2024 began with a Q1 decline in the frequency of ransomware attacks, the second quarter was underscored by a return to a much more intimidating world of ransomware attacks globally, and the third quarter continues the trend of the second. In Q2 2024, the number of attacks stood at 1,277 cases, but Q3 saw a small decrease of 5.5% with 1209 cases.

The Trinity ransomware gang is launching double-extortion attacks against organizations in the healthcare sector, according to an advisory from the US Department of Health and Human Services (HHS). The ransomware gains initial access via phishing emails or software vulnerabilities. “Trinity ransomware was first seen around May 2024,” the advisory says.

According to Cybersecurity Ventures, more than half of the world’s data will be stored in the cloud by 2025. With this growth comes a new challenge: understanding where your cloud data lives, what it contains, and how to ensure it is properly protected. The mass storage capabilities of the cloud means it’s easy to drop data wherever you want. It’s also easy to forget to clean up that data or set up backups where that data is required.

In the ever-evolving landscape of cybercrime, malware-as-a-service (MaaS) has emerged as a lucrative business for cybercriminals. One of the most notorious examples is Raccoon Infostealer, malware designed to harvest personal and financial information from unsuspecting victims worldwide. The mastermind behind this operation, a Ukrainian national named Mark Sokolovsky, recently pleaded guilty in a U.S. federal court to his role in the cybercrime network.

Cato CTRL security researchers have recently discovered a threat actor, ProKYC, selling a deepfake tool in the cybercriminal underground that helps threat actors beat two-factor authentication (2FA) for conducting account fraud attacks. The tool being sold is customized to target cryptocurrency exchanges—specifically ones that authenticate new users leveraging a government-issued document and by enabling the computer’s camera to perform facial recognition.

In the ever-evolving landscape of cybersecurity threats, the DragonForce ransomware group has quickly become a serious menace to organizations worldwide. First discovered in August 2023, DragonForce has made headlines by leveraging two powerful ransomware variants—a fork of the infamous LockBit3.0 and a modified version of ContiV3.