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Chicago, IL – January 23, 2025 – CyberMaxx, the leading managed detection and response (MDR) provider, released its Quarterly Ransomware Research Report today. The report reveals that 2024 has seen the highest number of ransomware attacks on record, with Q4 2024 marking the most attacks in any single quarter to date.
According to CyberMaxx research, Q4 2024 saw 2,358 ransomware attacks, making it the highest number recorded in a single quarter. This marks a 137% increase compared to the attacks observed in Q3 2024.
“There were almost double the number of successful attacks in the final 90 days of 2024 as there were in all of Q3 2024,” says Connor Jackson, Security Research Manager at CyberMaxx. “Q3 saw 1,218 attacks vs Q4s 2,358, at 193%.”
Threat actors followed mainstream cloud adoption in 2024, and it became a popular target. Identity attacks and exploiting misconfigurations were the main attack vectors utilized.
“We saw a 39% increase in attacks against cloud environments over 2023, making this a common initial access vector for threat actors,” says Jackson.
There has been a continued rise in new threat actors, with Q4 witnessing 66 active groups involved in successful ransomware and data extortion attacks. This compares to 39 active ransomware groups in Q4 2022 and 46 active groups in Q4 2023, showing a steady upward trend in the number of threat actors entering the space.
The average cost of a data breach for an organization continues to grow year over year. Between 2020 and 2024, the cost has risen from $3.86M to $4.88M. This shows that incidents are becoming more frequent and more expensive.
The cyber research team at CyberMaxx conducts routine threat research independent of client engagements in order to help foster collective intelligence among the cybersecurity community.
Access the full Ransomware Research Report here: https://cybermaxx.com/q4-2024-ransomware-research-report/
About CyberMaxx
CyberMaxx provides comprehensive managed detection and response (MDR) services that protect organizations from today’s complex cyber threats. With a focus on proactive security measures, CyberMaxx delivers industry-leading technology combined with expert human oversight, offering robust protection and peace of mind to clients across various industries.
For more information about CyberMaxx’s Modern Managed Detection & Response (MDR), visit www.cybermaxx.com
Media Contact
Clint Poole
E: cpoole@cybermaxx.com
M: 857-540-2331
