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Record-breaking ransoms and breaches: A timeline of ransomware in 2024

December 27, 2024 | by AI

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A Year of Unprecedented Ransomware Attacks: Key Incidents and Impacts

2024 marked another harrowing year in the world of cybersecurity, with ransomware attacks reaching record-breaking heights. These malicious activities caused not only significant disruptions by crippling online services but also led to massive data theft, impacting millions worldwide. Despite some governmental victories, such as disrupting the notorious LockBit gang and seizing Radar, the frequency and sophistication of these attacks continue to escalate.

Notable Ransomware Attacks of 2024

  • LoanDepot: Early in the year, this mortgage and loan company faced a crippling ransomware attack that left over 16 million individuals’ data compromised. Customers were unable to access their accounts or make payments, forcing the company to shut down crucial systems.
  • Fulton County: Georgia’s largest county suffered weeks of disruption due to a LockBit cyberattack, affecting public services like phone lines and tax systems. Although LockBit initially claimed responsibility, experts suggest much of the stolen data was lost when their servers were seized.
  • Southern Water: The UK utility giant confirmed a breach impacting 470,000 customers. Claimed by the Black Basta gang, this attack compromised personal information from water service users across southeast England.
  • Change Healthcare: In a major breach, ALPHV ransomware reportedly stole sensitive health information from millions of Americans. The company paid $22 million before facing further extortion demands.
  • Omni Hotels & Resorts: A March attack by the Daixin gang led to widespread service disruptions and exposed customer information for millions.

The Impact on Infrastructure and Services

The impact was felt globally, affecting various sectors:

  • Evolve Bank: June saw Evolve Bank’s services disrupted by LockBit, affecting fintech startups and leaking data of 7.6 million people.
  • NHS Pathology Services: A June attack on Synnovis led to critical operational delays in healthcare services across the UK.
  • City of Columbus: Personal data from 500,000 residents was stolen in a July attack claimed by Rhysida.
  • Transport for London: September saw digital disruptions from a Clop ransomware breach.

“While ransomware attackers grow bolder each year, these incidents highlight the critical need for robust cybersecurity measures across all sectors.”

{Security Expert

A Global Challenge

The year also witnessed attacks on major corporations like Casio and Blue Yonder, causing operational delays and exposing sensitive company data. In December alone, healthcare facilities such as Alder Hey Children’s Hospital Trust faced severe breaches that underscored ongoing vulnerabilities within vital public services.

Conclusion: A Call for Enhanced Cybersecurity Measures

This relentless wave of ransomware attacks serves as a stark reminder of the ever-evolving threats posed by cybercriminals. Organizations must prioritize cybersecurity investments, implementing comprehensive strategies to protect sensitive data and ensure resilience against future attacks.

Image Credit: Nataliya Vaitkevich on Pexels

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