Less organizations detecting ransomware with rise in targeted attacks: a look at Fortinet’s latest threat report

While crypto platforms had already lost $1.5 billion during the first seven months of 2024, cryptocurrency heists have significantly dropped in frequency and size after separate intrusions against DMM Bitcoin and WazirX.

Employing tactics such as living-off-the-land techniques and targeting both Linux and Windows systems, the group is suspected to include former affiliates of LockBit and BlackCat.

Adam Meyers, senior vice president of counter-adversary operations at CrowdStrike says manual attacks, which involve direct interaction with compromised systems rather than relying on malware or automated tools, are gaining traction among cybercriminals for their effectiveness and elusiveness.