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Showing posts with label State-Sponsored Attacks. Show all posts

Europe struggles with record-breaking spike in ransomware attacks

 


Europe is increasingly being targeted by ransomware groups, driving attacks to unprecedented levels as criminal operations become more industrialised and sophisticated. Threat actors have established themselves in this region as a prime hunting ground, and are now relying on a growing ecosystem of underground marketplaces that sell everything from Malware-as-a-Service subscriptions to stolen network access and turnkey phishing kits to Malware-as-a-Service subscriptions. 

New findings from CrowdStrike's 2025 European Threat Landscape Report reveal that nearly 22 per cent of all ransomware and extortion incidents that occurred globally this year have involved European organisations. Accordingly, European organizations are more likely than those in Asia-Pacific to be targeted by cybercriminals than those in North America, placing them second only to North America. 

According to these statistics, there is a troubling shift affecting Europe's public and private networks. An increasing threat model is being used by cybercriminals on the continent that makes it easier, cheaper, and quicker to attack their victims. This leaves thousands of victims of attacks increasingly sophisticated and financially motivated across the continent. 

Throughout CrowdStrike's latest analysis, a clear picture emerges of just how heavily Europeans have been affected by ransomware and extortion attacks, with the continent managing to absorb over 22% of all global extortion and ransomware attacks. As stated in the report, the UK, Germany, France, Italy, and Spain are the most frequently targeted nations. It also notes that dedicated leak sites linked to European victims have increased by nearly 13% on an annual basis, a trend driven by groups such as Scattered Spider, a group that has shortened its attack-to-deployment window to a mere 24 hours from when the attack started. 

According to the study, companies in the manufacturing, professional services, technology, industrial, engineering and retail industries are still the most heavily pursued sectors, as prominent gangs such as Akira, LockBit, RansomHub, INC, Lynx, and Sinobi continue to dominate the landscape, making big game hunting tactics, aimed at high-value enterprises, remain prevalent and have intensified throughout the continent as well. 

It has been suggested in the study that because of the wide and lucrative corporate base of Europe, the complex regulatory and legal structure, and the geopolitical motivations of some threat actors, the region is a target for well-funded e-crime operations that are well-resourced. State-aligned threat activity continues to add an element of volatility to the already troubled cyber landscape of Europe.

In the past two years, Russian operators have intensified their operations against Ukraine, combining credential phishing with intelligence gathering and disrupting attacks targeted at the power grid, the government, the military, the energy grid, the telecommunications grid, the utility grid, and so forth. The North Koreans have, at the same time, expanded their reach to Europe, attacking defence, diplomatic, and financial institutions in operations that fuse classic espionage with cryptocurrency theft to finance their strategic projects. 

Moreover, Chinese state-sponsored actors have been extorting valuable intellectual property from industries across eleven nations by exploiting cloud environments and software supply chains to siphon intellectual property from the nation that enables them to expand their footprint. 

A number of these operations have demonstrated a sustained commitment to biotechnology and healthcare, while Vixen Panda is now considered one of the most persistent threats to European government and defence organisations, emphasising the degree to which state-backed intrusion campaigns are increasing the region's risk of infection.

There has been a dramatic acceleration in the speed at which ransomware attacks are being carried out in Europe, with CrowdStrike noting that groups such as Scattered Spider have reduced their ransomware deployment cycles to unprecedented levels, which has driven up the levels of infection. Through the group's efforts, the time between an initial intrusion and full encryption has been reduced from 35.5 hours in 2024 to roughly 24 hours by mid-2025, meaning that defenders are likely to have fewer chances to detect or contain intrusions. 

Despite being actively under investigation by law enforcement agencies, eCrime actors based in Western countries, like the United States and the United Kingdom, are developing resilient criminal networks despite active scrutiny by law enforcement. The arrest of four individuals recently by the National Crime Agency in connection with attacks on major retailers, as well as the rearrest of the four individuals for involvement in a breach at Transport for London, underscores the persistence of these groups despite coordinated enforcement efforts. 

In addition to this rapid operational tempo, cybercrime has also been transformed into a commodity-driven industry as a result of a thriving underground economy. The Russian- and English-speaking forums, together with encrypted messaging platforms, offer threat actors the opportunity to exchange access to tools, access points, and operational support with the efficiency of commercial storefronts. 

A total of 260 initial access brokers were seen by investigators during the review period, advertising entry points into more than 1,400 European organizations during the review period. This effectively outsourced the initial stages of a breach to outside sources. Through subscription or affiliate models of malware-as-a-service, companies can offer ready-made loaders, stealers, and financial malware as a service, further lowering the barrier to entry. 

It has been noted that even after major disruptions by law enforcement, including the seizure of prominent forums, many operators have continued to trade without interruption, thanks to safe-haven jurisdictions and established networks of trustworthiness. Aside from eCrime, the report highlights an increasingly complex threat environment caused by state-sponsored actors such as Russia, China, North Korea and Iran. 

Russian actors are concentrating their efforts on Ukraine, committing credential-phishing attacks, obtaining intelligence, and undertaking destructive activities targeting the military, government, energy, telecommunications, and utility sectors, and simultaneously conducting extensive espionage across NATO member countries.

For the purpose of providing plausible deniability, groups tied to Moscow have conducted extensive phishing campaigns, set up hundreds of spoofed domains, and even recruited "throwaway agents" through Telegram to carry out sabotage operations. As Iranian groups continued to conduct hack-and-leak, phishing, and DDoS attacks, often masking state intent behind hacktivist personas, their hack-and-leak campaigns branched into the UK, Germany, and the Netherlands, and they stepped up their efforts. 

With these converging nation-state operations, European institutions have been put under increased strategic pressure, adding an element of geopolitical complexity to an already overloaded cyber-defence environment. It is clear from the findings that for Europe to navigate this escalating threat landscape, a more unified and forward-leaning security posture is urgently needed. According to experts, traditional perimeter defences and slow incident response models are no longer adequate to deal with actors operating at an industrial speed, due to the rapid pace of technology. 

Companies need to share regional intelligence, invest in continuous monitoring, and adopt AI-driven detection capabilities in order to narrow the attackers' widening advantage. Keeping up with the innovation and sophistication of criminal and state-backed adversaries is a difficult task for any organisation, but for organisations that fail to modernise their defences, they run the risk of being left defenceless in an increasingly unforgiving digital battlefield.

Cybersecurity Landscape Shaken as Ransomware Activity Nearly Triples in 2024

 


Ransomware is one of the most persistent threats in the evolving landscape of cybercrime, but its escalation in 2024 has marked an extremely alarming turning point. Infiltrating hospitals, financial institutions, and even government agencies in a manner that has never been attempted before, attackers extended their reach with unprecedented precision, as if they were no longer restricted to high-profile corporations. These sectors tend to be vulnerable to such crippling disruptions in the first place. 

As cybercriminals employed stronger encryption methods and more aggressive extortion tactics, they demonstrated a ruthless pursuit of maximising damages and financial gain. This shift is demonstrated in the newly released data from threat intelligence firm Flashpoint, which reveals that the number of ransomware attacks observed in the first half of 2025 increased by 179 per cent in comparison to 2024 during the same period, almost tripling in size in just a year. 

Throughout the years 2022 and 2023, the ransomware landscape offered little relief due to the relentless escalation of threat actors’ tactics. As a result of the threat of public exposure and data infiltration, attackers increasingly used threats of data infiltration to force companies to conform to regulations. 

Even companies that managed to restore their operations from backups were not spared, as sensitive information was often leaking onto underground forums and leak sites controlled by criminal groups, which led to an increase in ransomware incidence of 13 per cent in 2021 compared to 2021 – an increase far greater than the cumulative increases of the past five years combined. 

Verizon’s Data Breach Investigations Report underscored the severity of this trend. It is important to note that Statista has predicted that about 70 per cent of businesses will face at least one ransomware attack in 2022, marking the highest rate of ransomware attacks ever recorded. In the 2022 year-over-year analysis, it was highlighted that education, government, and healthcare were the industries with the greatest impact in 2022. 

By 2023, healthcare will emerge as one of the most targeted sectors due to attackers' calculated strategy to target industries that are least able to sustain prolonged disruption. In light of the ongoing ransomware crisis, small and mid-sized businesses are considered to be some of the most vulnerable targets. 

As part of Verizon’s research, 832 ransomware-related incidents were documented by small businesses by 2022, 130 of these incidents resulted in confirmed data loss, and nearly 80 per cent of these events were directly related to the ransomware attacks. In an effort to compound the risks, the fact that only half of U.S. small businesses maintain a formal cybersecurity plan, according to a report quoted by UpCity Globally, amplifies the risks. 

A survey conducted by Statista found that 72 per cent of businesses were impacted by ransomware, with 64.9% of those organisations ultimately yielding to ransom demands. In a recent survey of 1,500 cybersecurity professionals conducted by Cyberreason, there was a similar picture of concern. More than two-thirds of all organisations reported experiencing a ransomware attack, a 33 per cent increase over the previous year, with almost two-thirds of the attacks associated with compromised third parties. 

The consequences for organisations were severe and went beyond financial losses in the most significant way. Approximately 40% of companies had to lay off employees following an attack, 35 percent reported resignations of senior executives, and one third temporarily suspended operations as a result of an attack. 

Unfortunately, the persistence of attackers within networks often went undetected for long periods of time. There was a reported 63 per cent of organisations that had been attacked for as long as six months, and others reported that they had been accessed for a period of over a year without being noticed. The majority of companies decided to pay ransoms despite the risks involved, with 49 per cent doing so to avoid revenue losses and 41 per cent to speed up recovery. 

In spite of this, even payment provided no guarantee of data recovery; over half of all companies paying ransom reported corrupted or unusable data after the decryption, while the majority of financial damages were between $1 million and $10 million. The use of generative artificial intelligence within ransomware operations is also an emerging concern. 

Even though the scope of these experiments remains limited, some groups have begun to explore large language models that have the potential to reduce operational burdens, such as automating the generation of phishing templates.To develop a more comprehensive understanding of this capability, researchers have identified Funksec, a group that surfaced in late 2024 and is believed to have contributed to the WormGPT model, as one of the first groups to experiment with it, so more gangs will likely start incorporating artificial intelligence into their tactics in the near future.

Furthermore, analysts at Flashpoint found that gang members are recycling victims from other ransomware groups in order to gain a foothold on underground forums, long after initial breaches. The first half of 2025 has been dominated by a few particularly active operators based on scale: 537 attacks were committed by Akira, 402 attacks were committed by Clop/Cl0p, 345 attacks were committed by Qilin, 233 attacks were committed by Safepay Ransomware, and 23 attacks were performed by RansomHub. 

A significant amount of attention has also been drawn to DragonForce in the United Kingdom after the company targeted household names, including Marks & Spencer and the Co-op Group. Despite being the top target, the United States remained the most vulnerable, with 2,160 attacks, far exceeding Canada’s 249 attacks, Germany’s 154 attacks, and the UK’s 148 attacks—but Brazil, Spain, France, India, and Australia also had high numbers. 

A perspective from the manufacturing and technology industries indicates that these were the industries that were most lucrative, causing 22 and 18 per cent of incidents, respectively. Retail, healthcare, and business services, on the other hand, accounted for 15 per cent. The report also highlighted how the boundaries between hacktivist groups and state-sponsored actors are becoming increasingly blurred, thus illustrating the complexity of today's threat environment. 

During the first half of 2025, 137 threat actor activities tracked were attributed to state-sponsored groups, 9 per cent to hacktivists, while the remaining 51 per cent were attributed to cybercriminal organisations. The Iranian government has shown that a growing focus has been placed on critical infrastructure through entities affiliated with the Iranian state, such as GhostSec and Arabian Ghosts. 

In an attempt to target critical infrastructure, these entities are reported to have targeted programmable logic controllers connected to Israeli media and water systems. As a result, groups such as CyberAv3ngers sought to spread unverified narratives in advance of disruptive technology attacks. As a result, state-aligned operations are often resurfacing under a new identity, such as APT IRAN, demonstrating their shifting strategies and adaptive nature. 

There is a sobering picture of the challenges that lie ahead in light of the increase in ransomware activity as well as the diversification of threat actors. Even though no sector, geography, or organisation size is immune to disruption, it appears that cybercriminals will be able to innovate more rapidly than ever, as well as utilise state-linked tactics to do so in the future, which indicates that the stakes will only get higher as time goes on. 

Proactively managing security goes beyond ensuring compliance or minimising damage; it involves cultivating a culture of security that anticipates threats rather than reacts to them, rather than merely reacting to them. By investing in modern defences like continuous threat intelligence, real-time monitoring, and zero-trust architectures, as well as addressing fundamental weaknesses in supply chains and third-party partnerships, which frequently open themselves up to attacks, companies can significantly reduce their risk exposure as well as their vulnerability to attacks. 

Moreover, it is equally important to address the human aspect of cybersecurity resilience: employees must be aware, incidents should be reported quickly, and leadership needs to be committed to cybersecurity resilience. 

Even though the outlook may seem daunting, organisations that make sure they are prepared rather than complacent will have a better chance of dealing with ransomware as well as the wider range of cyber threats that are reshaping the digital age. A resilient security approach remains the ultimate defence in an environment defined by a persistent attacker and the innovative actions of the attacker.