The Ultimate Guide to Organized Cybercrime Tactics and Strategies
The Rise of Organized Cybercrime: A Lucrative Economy Built on Abuse of Trust
Cybercrime has emerged as a behemoth, with projected annual costs expected to reach a staggering $12.2 trillion by 2031, according to a recent report by Cybersecurity Ventures. A new study by Huntress has shed light on the tactics employed by organized cybercriminals, revealing a sophisticated playbook that leverages legitimate tools, exploits human behavior, and utilizes a vast underground network to target individuals, businesses, and employees worldwide.
Key Findings
The report highlights several key findings, including the increasing use of remote monitoring and management (RMM) tools by cybercriminals. Over half of all malware loader activity can be attributed to ClickFix, a tool that has become a favorite among malicious actors. Additionally, the time-to-ransom (TTR) has increased as ransomware groups prioritize stealth, data theft, and extortion.
The Rise of the “Big Four” in Ransomware
The report also identifies a new “big four” in the ransomware landscape, consisting of Akira, Medusa, Qilin, and Ransomhub. These groups have dominated the market, making it easier for cybercriminals to purchase stolen credentials and engage in business compromise (BEC) attacks. The abuse of OAuth and mailbox manipulation has become a precursor to these attacks, setting the stage for devastating consequences.
The Need for Vigilance and Awareness
The findings of the report underscore the need for increased vigilance and awareness among individuals and organizations. As cybercrime continues to evolve and adapt, it is essential to stay informed about the latest threats and tactics employed by malicious actors. By understanding the playbook used by organized cybercriminals, we can better equip ourselves to combat this growing threat and mitigate the risks associated with it.
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