Q1 2024 Sets Record for Most Global Ransomware Attacks in a First Quarter: New Corvus Insurance Ransomware Report [Yahoo! Finance]
The Travelers Companies, Inc. (TRV)
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Source: Yahoo! Finance
BOSTON April 30, 2024 /PRNewswire/ -- Corvus Insurance the leading cyber insurance underwriter powered by a proprietary AI-driven cyber risk platform, today released its Q1 2024 Ransomware Report. Featuring data collected from global ransomware leak sites, the report shows that Q1 2024 attacks surpassed Q1 2023 by 21 percent, continuing the troubling trends reported in 2023. In January, Corvus reported that global ransomware attacks in 2023 set a record high, surpassing 2022 by close to 70 percent. Today's Q1 Ransomware Report shows that 2024 is picking up right where 2023 left off. According to the data, 1,075 leak site ransomware victims were posted on leak sites during the first quarter of 2024, despite the disruption of two major ransomware groups, LockBit and ALPHV/BlackCat, which accounted for 22 percent and 8 percent of the activity, respectively. "The ransomware activity we've seen in the first quarter of 2024 continues the substantial growth pattern that we saw develop o
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