Ransomware Revolution: 4 Types of Cyber Risks in 2023

Security leaders and CISOs have been protecting their organizations from ransomware for decades, adapting with changes in technology to defend against the costly risks of stolen data or interruptions to critical systems. But adversaries always have new tricks up their sleeves and now the global community of ransomware groups seems poised for a revolution that could make them more effective, versatile, and dangerous.

How will ransomware’s business model change?

The kill chain employed by ransomware groups can easily be adapted to suit a variety of criminal activities. These groups could branch out to commit extortion, business email compromise (BEC), cryptocurrency theft, and stock market manipulation—and in fact, there’s some evidence that these shifts have already begun.

To continue securing their organizations against the next generation of cyber risks, security leaders should consider these 4 possible outcomes of a ransomware revolution.

To learn more about 7 ways the ransomware business model could change, read The Near and Far Future of Ransomware Business Models.

Ransomware actors are already being recruited by governments to put the skills they honed infiltrating their victims to better use. For instance, the U.K.’s National Crime Agency has a program to reform teenage hackers into ethical security experts. But other nation states are more interested in claiming the tools and talents of these bad actors than reforming them.

Adversaries who can breach and extort organizations for high payouts could easily accomplish the kinds of intrusions that nation states are interested in. The

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