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Hacking groups are now increasingly in it for the money, not the chaos


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  • New Mandiant research claims cybercriminals are increasingly financially motivated
  • The Finance industry is the top target for hackers
  • These hackers are using exploits and stolen credentials to gain access

New research from Mandiant has claimed financially motivated actors are the new norm, with over half (55%) of threat groups active in 2024 looking to extort or steal money from their victims, a steady increase from previous years.

Unsurprisingly, ransomware related incidents represented 21% of all intrusions in 2024, and made up almost two thirds of incidents involving monetization techniques. This comes alongside data theft, cryptocurrency theft, email compromises, and the North Korean fake job campaign - all aimed at getting money from victims.

Exploits were once again the most popular initial infection vector at 33%, followed by stolen credentials (16%), phishing (14%), web compromises (9%), and prior compromises (8%). This isn’t the first research to suggest that ...


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