Ransomware Gangs. PHOTO: Cybercrime Magazine.

Ransomware Will Strike Every 2 Seconds By 2031

Gangs, strains, and statistics CISOs and cybersecurity teams should know

Steve Morgan

Sausalito, Calif. – Jun. 28, 2023

Cybersecurity Ventures predicts that by 2031, ransomware will cost victims $265 billion annually, and it will attack a business, consumer, or device every 2 seconds.

Chief information security officers and cybersecurity teams are devoting more time than ever protecting against ransomware.

Ransomware gangs are, in almost every case, financially motivated. These cybercriminals will stop at nothing to be paid — whether this means locking up your personal information or grinding the operations of a Fortune 500 company to a halt.

The Who’s Who In Ransomware Report (Q2 2023 edition), published by Cybersecurity Ventures and sponsored by Conceal, provides a window into the organized gangs who are planning and executing the attacks. Knowledge is power in the war against ransomware criminals.

Download the Who’s Who In Ransomware Report exclusively from our sponsor Conceal, and you’ll receive valuable information covering these topics:

  • What is Ransomware?
  • Ransom Demands
  • Global Ransomware Costs
  • Operation Landscape
  • Geopolitics
  • Tactics
  • Ransomware Gangs
  • Ransomware Protection
  • Plus Resources to help you protect your company

Ransomware Gangs

“Ransomware attacks are coming, and companies of all sizes need to be prepared,” says Gordon Lawson, CEO at Conceal.

“Ransomware has evolved,” adds Lawson, a former U.S. naval officer. “On top of encrypting data that can’t be accessed without a stiff payment, ransomware gangs now routinely threaten to publish sensitive data — sometimes in searchable form.”

As some ransomware gangs form and others close — or rebrand — the ones to watch from A to Z, from AlphV/BlackCat to Zeppelin, are covered in The Who’s Who In Ransomware Report.

Steve Morgan is founder and Editor-in-Chief at Cybersecurity Ventures.

Go here to read all of my blogs and articles covering cybersecurity. Go here to send me story tips, feedback and suggestions.

About Conceal

Conceal provides a capability that protects people and critical assets against the most advanced threat actors in the world. We are fundamentally changing the approach to cybersecurity by creating a platform where security practitioners can see the latest threat vectors and implement enterprise-wide solutions that comprehensively protect their organization.

With our Conceal platform, we take those core capabilities and evolve them into a commercially available product that incorporates intelligence-grade, Zero Trust technology to protect global companies — of all sizes — from malware and ransomware.

Conceal is leading the fight to protect enterprises from cyber threats — if there is malware, we detect, defend and isolate it from users and the network.