Security News > 2023 > August > Triple Extortion Ransomware and the Cybercrime Supply Chain
In recent years, ransomware groups have evolved their tactics to not only encrypt data but also exfiltrate it, making it a double-edged weapon for extortion.
The rise of data extortion ransomware has coincided with a dramatic increase in both the number of groups active and the number of attacks against organizations.
Data extortion was originally added to the arsenal of ransomware groups as a double extortion technique, to be used in addition to encryption.
The broader cybercrime ecosystem also acts as a crucial enabler for ransomware groups by offering services like bulletproof hosting, money laundering, initial access to environments, and employee credentials via stealer logs.
Data extortion ransomware schemes continue to explode in popularity, with new groups arising on a monthly basis and dozens of new victim organizations every week.
Flare currently monitors more than 50 ransomware groups that are actively engaged in double and triple extortion schemes.