DPDP Rules To Be Out Soon

Disclaimer:

This report is based on extensive research conducted by CyberPeace Research using publicly available information, and advanced analytical techniques. The findings, interpretations, and conclusions presented are based on the data available at the time of study and aim to provide insights into global ransomware trends.

The statistics mentioned in this report are specific to the scope of this research and may vary based on the scope and resources of other third-party studies. Additionally, all data referenced is based on claims made by threat actors and does not imply confirmation of the breach by CyberPeace. CyberPeace includes this detail solely to provide factual transparency and does not condone any unlawful activities. This information is shared only for research purposes and to spread awareness. CyberPeace encourages individuals and organizations to adopt proactive cybersecurity measures to protect against potential threats.

CyberPeace Research does not claim to have identified or attributed specific cyber incidents to any individual, organization, or nation-state beyond the scope of publicly observable activities and available information. All analyses and references are intended for informational and awareness purposes only, without any intention to defame, accuse, or harm any entity.

While every effort has been made to ensure accuracy, CyberPeace Research is not liable for any errors, omissions, subsequent interpretations and any unlawful activities of the findings by third parties. The report is intended to inform and support cybersecurity efforts globally and should be used as a guide to foster proactive measures against cyber threats.

Executive Summary: 

The 2024 ransomware landscape reveals alarming global trends, with 166 Threat Actor Groups leveraging 658 servers/underground resources and mirrors to execute 5,233 claims across 153 countries. Monthly fluctuations in activity indicate strategic, cyclical targeting, with peak periods aligned with vulnerabilities in specific sectors and regions. The United States was the most targeted nation, followed by Canada, the UK, Germany, and other developed countries, with the northwestern hemisphere experiencing the highest concentration of attacks. Business Services and Healthcare bore the brunt of these operations due to their high-value data, alongside targeted industries such as Pharmaceuticals, Mechanical, Metal, Electronics, and Government-related professional firms. Retail, Financial, Technology, and Energy sectors were also significantly impacted.

This research was conducted by CyberPeace Research using a systematic modus operandi, which included advanced OSINT (Open-Source Intelligence) techniques, continuous monitoring of Ransomware Group activities, and data collection from 658 servers and mirrors globally. The team utilized data scraping, pattern analysis, and incident mapping to track trends and identify hotspots of ransomware activity. By integrating real-time data and geographic claims, the research provided a comprehensive view of sectoral and regional impacts, forming the basis for actionable insights.

The findings emphasize the urgent need for proactive Cybersecurity strategies, robust defenses, and global collaboration to counteract the evolving and persistent threats posed by ransomware.

Overview:

This report provides insights into ransomware activities monitored throughout 2024. Data was collected by observing 166 Threat Actor Groups using ransomware technologies across 658 servers/underground resources and mirrors, resulting in 5,233 claims worldwide. The analysis offers a detailed examination of global trends, targeted sectors, and geographical impact.

Top 10 Threat Actor Groups:

The ransomware group ‘ransomhub’ has emerged as the leading threat actor, responsible for 527 incidents worldwide. Following closely are ‘lockbit3’ with 522 incidents and ‘play’ with 351. Other Groups are ‘akira’, ‘hunters’, ‘medusa’, ‘blackbasta’, ‘qilin’, ‘bianlian’, ‘incransom’. These groups usually employ advanced tactics to target critical sectors, highlighting the urgent need for robust cybersecurity measures to mitigate their impact and protect organizations from such threats.

Monthly Ransomware Incidents:

In January 2024, the value began at 284, marking the lowest point on the chart. The trend rose steadily in the subsequent months, reaching its first peak at 557 in May 2024. However, after this peak, the value dropped sharply to 339 in June. A gradual recovery follows, with the value increasing to 446 by August. September sees another decline to 389, but a sharp rise occurs afterward, culminating in the year’s highest point of 645 in November. The year concludes with a slight decline, ending at 498 in December 2024 (till 28th of December).

Top 10 Targeted Countries:

1. The United States consistently topped the list as the primary target probably due to its advanced economic and technological infrastructure.
2. Other heavily targeted nations include Canada, UK, Germany, Italy, France, Brazil, Spain, and India.
3. A total of 153 countries reported ransomware attacks, reflecting the global scale of these cyber threats

Top Affected Sectors:

1. Business Services and Healthcare faced the brunt of ransomware threat due to the sensitive nature of their operations.
2. Specific industries under threats:
   1. Pharmaceutical, Mechanical, Metal, and Electronics industries.
   2. Professional firms within the Government sector.
3. Other sectors:
   1. Retail, Financial, Technology, and Energy sectors were also significant targets.

Geographical Impact:

The continuous and precise OSINT(Open Source Intelligence) work on the platform, performed as a follow-up action to data scraping, allows a complete view of the geography of cyber attacks based on their claims. The northwestern region of the world appears to be the most severely affected by Threat Actor groups. The figure below clearly illustrates the effects of this geographic representation on the map.

Ransomware Threat Trends in India:

In 2024, the research identified 98 ransomware incidents impacting various sectors in India, marking a 55% increase compared to the 63 incidents reported in 2023. This surge highlights a concerning trend, as ransomware groups continue to target India's critical sectors due to its growing digital infrastructure and economic prominence.

Top Threat Actors Group Targeted India:

Among the following threat actors ‘killsec’ is the most frequent threat. ‘lockbit3’  follows as the second most prominent threat, with significant but lower activity than killsec. Other groups, such as ‘ransomhub’, ‘darkvault’, and ‘clop’, show moderate activity levels. Entities like ‘bianlian’, ‘apt73/bashe’, and ‘raworld’ have low frequencies, indicating limited activity. Groups such as ‘aps’ and ‘akira’ have the lowest representation, indicating minimal activity. The chart highlights a clear disparity in activity levels among these threats, emphasizing the need for targeted cybersecurity strategies.

Top Impacted Sectors in India:

The pie chart illustrates the distribution of incidents across various sectors, highlighting that the industrial sector is the most frequently targeted, accounting for 75% of the total incidents. This is followed by the healthcare sector, which represents 12% of the incidents, making it the second most affected. The finance sector accounts for 10% of the incidents, reflecting a moderate level of targeting. In contrast, the government sector experiences the least impact, with only 3% of the incidents, indicating minimal targeting compared to the other sectors. This distribution underscores the critical need for enhanced cybersecurity measures, particularly in the industrial sector, while also addressing vulnerabilities in healthcare, finance, and government domains.

Month Wise Incident Trends in India:

The chart indicates a fluctuating trend with notable peaks in May and October, suggesting potential periods of heightened activity or incidents during these months. The data starts at 5 in January and drops to its lowest point, 2, in February. It then gradually increases to 6 in March and April, followed by a sharp rise to 14 in May. After peaking in May, the metric significantly declines to 4 in June but starts to rise again, reaching 7 in July and 8 in August. September sees a slight dip to 5 before the metric spikes dramatically to its highest value, 24, in October. Following this peak, the count decreases to 10 in November and then drops further to 7 in December.

CyberPeace Advisory:

1. Implement Data Backup and Recovery Plans: Backups are your safety net. Regularly saving copies of your important data ensures you can bounce back quickly if ransomware strikes. Make sure these backups are stored securely—either offline or in a trusted cloud service—to avoid losing valuable information or facing extended downtime.  
2. Enhance Employee Awareness and Training: People often unintentionally open the door to ransomware. By training your team to spot phishing emails, social engineering tricks, and other scams, you empower them to be your first line of defense against attacks.  
3. Adopt Multi-Factor Authentication (MFA): Think of MFA as locking your door and adding a deadbolt. Even if attackers get hold of your password, they’ll still need that second layer of verification to break in. It’s an easy and powerful way to block unauthorized access.  
4. Utilize Advanced Threat Detection Tools: Smart tools can make a world of difference. AI-powered systems and behavior-based monitoring can catch ransomware activity early, giving you a chance to stop it in its tracks before it causes real damage.  
5. Conduct Regular Vulnerability Assessments: You can’t fix what you don’t know is broken. Regularly checking for vulnerabilities in your systems helps you identify weak spots. By addressing these issues proactively, you can stay one step ahead of attackers.

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Conclusion:

The 2024 ransomware landscape reveals the critical need for proactive cybersecurity strategies. High-value sectors and technologically advanced regions remain the primary targets, emphasizing the importance of robust defenses. As we move into 2025, it is crucial to anticipate the evolution of ransomware tactics and adopt forward-looking measures to address emerging threats. 

Global collaboration, continuous innovation in cybersecurity technologies, and adaptive strategies will be imperative to counteract the persistent and evolving threats posed by ransomware activities. Organizations and governments must prioritize preparedness and resilience, ensuring that lessons learned in 2024 are applied to strengthen defenses and minimize vulnerabilities in the year ahead.

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Over The Top (OTT)

OTT messaging platforms have taken the world by storm; everyone across the globe is working on OTT platforms, and they have changed the dynamics of accessibility and information speed forever. Whatsapp is one of the leading OTT messaging platforms under the tech giant Meta as of 2013. All tasks, whether personal or professional, can be performed over Whatsapp, and as of today, Whatsapp has 2.44 billion users worldwide, with 487.5 Million users in India alone^[1]. With such a vast user base, it is pertinent to have proper safety and security measures and mechanisms on these platforms and active reporting options for the users. The growth of OTT platforms has been exponential in the previous decade. As internet penetration increased during the Covid-19 pandemic, the following factors contributed towards the growth of OTT platforms –

• Urbanisation and Westernisation
• Access to Digital Services
• Media Democratization
• Convenience
• Increased Internet Penetration

These factors have been influential in providing exceptional content and services to the  consumers, and extensive internet connectivity has allowed people from the remotest part of the country to use OTT messaging platforms. But it is pertinent to maintain user safety and security by the platforms and abide by the policies and regulations to maintain accountability and transparency.

New Safety Features

Keeping in mind the safety requirements and threats coming with emerging technologies, Whatsapp has been crucial in taking out new technology and policy-based security measures. A number of new security features have been added to WhatsApp to make it more difficult to take control of other people’s accounts. The app’s privacy and security-focused features go beyond its assertion that online chats and discussions should be as private and secure as in-person interactions. Numerous technological advancements pertaining to that goal have focussed on message security, such as adding end-to-end encryption to conversations. The new features allegedly increase user security on the app.

WhatsApp announced that three new security features are now available to all users on Android and iOS devices. The new security features are called Account Protect, Device Verification, and Automatic Security Codes

• For instance, a new programme named “Account Protect” will start when users migrate an account from an old device to a new one. If users receive an unexpected alert, it may be a sign that someone is trying to access their account without their knowledge. Users may see an alert on their previous handset asking them to confirm that they are truly transitioning away from it.
• To make sure that users cannot install malware to access other people’s messages, another function called “Device Verification” operates in the background. Without the user’s knowledge, this feature authenticates devices in the background. In particular, WhatsApp claims it is concerned about unlicensed WhatsApp applications that contain spyware made explicitly for this use. Users do not need to take any action due to the company’s new checks that help authenticate user accounts to prevent this.
• The final feature is dubbed “automatic security codes,” It builds on an already-existing service that lets users verify that they are speaking with the person they believe they are. This is still done manually, but by default, an automated version will be carried out with the addition of a tool to determine whether the connection is secure.

While users can now view the code by visiting a user’s profile, the social media platform will start to develop a concept called “Key Transparency” to make it easier for its users to verify the validity of the code. Update to the most recent build if you use WhatsApp on Android because these features have already been released. If you use iOS, the security features have not yet been released, although an update is anticipated soon.

Conclusion

Digital safety is a crucial matter for netizens across the world; platforms like Whatsapp, which enjoy a massive user base, should lead the way in terms of OTT platforms’ cyber security by inculcating the use of emerging technologies, user reporting, and transparency in the principles and also encourage other platforms to replicate their security mechanisms to keep bad actors at bay. Account Protect, Device Verification, and Automatic Security Codes will go a long way in protecting the user’s interests while simultaneously maintaining convenience, thus showing us that the future with such platforms is bright and secure.

^[1] https://verloop.io/blog/whatsapp-statistics-2023/#:~:text=1.,over%202.44%20billion%20users%20worldwide.

Introduction

The US national cybersecurity strategy was released at the beginning of March this year. The aim of the cybersecurity strategy is to build a more defensive and resilient digital mechanism through general investments in the cybersecurity infrastructure. It is important to invest in a resilient future, And the increasing digital diplomacy and private-sector partnerships, regulation of crucial industries, and holding software companies accountable if their products enable hackers in.

What is the cybersecurity strategy  

The US National cybersecurity strategy is the plan which organisations pursue to fight against cyberattacks and cyber threats, and also they plan a risk assessment plan for the future in a resilient way. Through the cybersecurity strategy, there will be appropriate defences against cyber threats.

US National Cybersecurity Strategy-

the national cybersecurity strategy mainly depends on five pillars-

1. Critical infrastructure- The national cybersecurity strategy intends to defend important infrastructure from cyberattacks, for example, hospitals and clean energy installations. This pillar mainly focuses on the security and resilience of critical systems and services that are critical.
2. Disrupt & Threat Assessment- This strategy pillar seeks to address and eliminate cyber attackers who endanger national security and public safety.
3. Shape the market forces in resilient and security has driven-
4. Invest in resilient future approaches.
5. Forging international partnerships to pursue shared goals.

Need for a National cybersecurity strategy in India –

India is becoming more reliant on technology for day-to-day purposes, communication and banking aspects. And as per the computer emergency response team (CERT-In), in 2022, ransomware attacks increased by 50% in India. Cybercrimes against individuals are also rapidly on the rise. To build a safe cyberspace, India also required a national cybersecurity strategy in the country to develop trust and confidence in IT systems.

Learnings for India-

India has a cybersecurity strategy just now but India can also implement its cybersecurity strategy as the US just released. For the threats assessments and for more resilient future outcomes, there is a need to eliminate cybercrimes and cyber threats in India.

Shortcomings of the US National Cybersecurity Strategy-

• The implementation of the United States National Cybersecurity Strategy has Some problems and things that could be improved in it. Here are some as follows:

• Significant difficulties: The cybersecurity strategy proved to be difficult for government entities. The provided guidelines do not fulfil the complexity and growing cyber threats.
• Insufficient to resolve desirable points: the implementation is not able to resolve some, of the aspects of national cybersecurity strategies, for example, the defined goals and resource allocation, which have been determined to be addressed by the national cybersecurity strategy and implementation plan.
• Lack of Specifying the Objectives: the guidelines shall track the cybersecurity progress, and the implementation shall define the specific objectives.
• Implementation Alone is insufficient: cyber-attacks and cybercrimes are increasing daily, and to meet this danger, the US cybersecurity strategy shall not depend on the implementation. However, the legislation will help to involve public-private collaboration, and technological advancement is required.
• The strategy calls for critical infrastructure owners and software companies to meet minimum security standards and be held liable for flaws in their products, but the implementation and enforcement of these standards and liability measures must be clearly defined.

Conclusion

There is a legitimate need for a national cybersecurity strategy to fight against the future consequences of the cyber pandemic. To plan proper strategies and defences. It is crucial to avail techniques under the cybersecurity strategy. And India is increasingly depending on technology, and cybercrimes are also increasing among individuals. Healthcare sectors and as well on educational sectors, so to resolve these complexities, there is a need for proper implementations.