Menu

  • Alerts
  • Incidents
  • News
  • APTs
  • Cyber Decoded
  • Cyber Hygiene
  • Cyber Review
  • Cyber Tips
  • Definitions
  • Malware
  • Threat Actors
  • Tutorials

Useful Tools

  • Password generator
  • Report an incident
  • Report to authorities
No Result
View All Result
CTF Hack Havoc
CyberMaterial
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
Hall of Hacks
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
No Result
View All Result
Hall of Hacks
CyberMaterial
No Result
View All Result
Home News

Ransomware Profitability, Zero-Day Exploits

August 18, 2023
Reading Time: 2 mins read
in News

 

Rapid7’s recent report sheds light on concerning trends in the cybersecurity landscape, emphasizing the persistent profitability of ransomware and the expanding use of zero-day exploits.

The mid-year review, based on insights from Rapid7 researchers and managed services teams, reveals distressing realities: ransomware continues to thrive, basic security defenses are being neglected, and organizations struggle to achieve adequate security maturity. The report cites over 1,500 ransomware victims globally in the first half of 2023, including significant incidents involving ransomware gangs like LockBit, Alphv/BlackCat, Cl0p, and BianLian. However, these figures are believed to be conservative, as they do not account for unreported ransom payments or ongoing victim calculations.

One of the key findings underscores the lucrative nature of cybercrime, with ransomware attacks proving successful due to both their immense profit potential and the vulnerabilities in the security posture of many potential targets. The report highlights troubling statistics, such as nearly 40% of incidents being attributed to lax or missing multi-factor authentication (MFA), a fundamental security measure.

Moreover, the general security posture of numerous organizations remains subpar, with Rapid7 consultants noting that a mere single organization has met the minimum recommended security maturity standards in 2023 according to CIS and NIST benchmarks.

Furthermore, the study underscores the effectiveness of old vulnerabilities in facilitating attacks, as evidenced by instances like CVE-2021-20038 and CVE-2017-1000367. The report highlights that more than a third of widespread threat vulnerabilities have been exploited in zero-day attacks during the first half of 2023. While cybercriminals capitalize on these vulnerabilities, the report points out that exploit brokers continue to thrive on the dark web, selling zero-day exploits for significant sums, such as $75,000 or more.

Rapid7’s report underscores the pressing need for organizations to fortify their security measures, particularly given the persistent allure of cybercrime’s financial rewards and the rising complexity of the cybersecurity landscape.

Reference:
  • 2023 Mid-Year Threat Review
Tags: August 2023Cyber NewsCyber News 2023CyberattackCybersecurityMFAMultifactor AuthenticationRansomwareRansomware AttackRapid7zero-day vulnerability
ADVERTISEMENT

Related Posts

SEC Charges Unicoin For Crypto Fraud Scheme

SEC Charges Unicoin For Crypto Fraud Scheme

May 23, 2025
SEC Charges Unicoin For Crypto Fraud Scheme

US Busts DanaBot Malware Ring Charging 16

May 23, 2025
SEC Charges Unicoin For Crypto Fraud Scheme

FTC Probes Google AI For Kids Privacy Rules

May 23, 2025
Global Takedown Hits Lumma InfoStealer

Global Takedown Hits Lumma InfoStealer

May 22, 2025
EU Council Now Widens Sanctions On Russia

India e-Zero FIR Speeds Cybercrime Justice

May 22, 2025
Teen Hacker Admits PowerSchool Cyberattack

EU Council Now Widens Sanctions On Russia

May 22, 2025

Latest Alerts

New ZeroCrumb Malware Steals Browser Cookies

TikTok Videos Spread Vidar StealC Malware

CISA Commvault ZeroDay Flaw Risks Secrets

GitLab Patch Stops Service Disruption Risks

3AM Ransomware Email Bomb and Vishing Threat

Function Confusion Hits Serverless Clouds

Subscribe to our newsletter

    Latest Incidents

    Cetus Crypto Exchange Hacked For $223M

    MCP Data Breach Hits 235K NC Lab Patients

    UFCW Data Breach Risks Social Security Data

    Cyberattack Paralyzes French Hauts de Seine

    Santa Fe City Loses $324K In Hacker Scam

    Belgium Housing Hit by Ransomware Attack

    CyberMaterial Logo
    • About Us
    • Contact Us
    • Jobs
    • Legal and Privacy Policy
    • Site Map

    © 2025 | CyberMaterial | All rights reserved

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • Alerts
    • Incidents
    • News
    • Cyber Decoded
    • Cyber Hygiene
    • Cyber Review
    • Definitions
    • Malware
    • Cyber Tips
    • Tutorials
    • Advanced Persistent Threats
    • Threat Actors
    • Report an incident
    • Password Generator
    • About Us
    • Contact Us
    • Advertise with us

    Copyright © 2025 CyberMaterial