Victims Are Rebuffing Ransomware Mass Data Theft Campaigns
Summary
- The number of ransomware victims paying ransoms has significantly decreased from 25% in the initial campaigns five years ago to zero by 2023.
- Revenue from supply-chain attacks by the Clop Group has sharply fallen due to fewer victims paying.
Why It Matters for Texas Credit Unions
Relevant as it highlights a significant trend in cybersecurity that could impact Texas credit unions and their risk management strategies.
Original Source Material
Revenue From Supply-Chain Attacks by Clop Group Sharply Fell, Report Investigators Once lucrative steal-and-leak campaigns pioneered by Russian ransomware group Clop look set to go the way of the dinosaurs. While an estimated 25% of victims paid a ransom in the inaugural campaign five years ago, the number of victims that paid fell to zero by 2023, report ransomware responders.