Ransomware groups grow revenue by almost 40% in Q1 2026


In the first quarter of the year, ransomware groups increased their revenue by almost 40%, compared to the same period last year. This is according to a new report from cybersecurity researchers Rapid7, who said the increase is partly due to a maturing cybercriminal industry.

Rapid7 based its findings on its research telemetry, which showed that in Q1 26, ransomware groups made an estimated $529.2 million. The Qilin ransomware group made an estimated $193 million between July 2025 and March 2026, while the Gentleman ransomware group made an estimated $52 million between July 2025 and March 2026, it was said.

Read more…
Source:  TechRadar News


Sign up for the Cyber Security Review Newsletter
The latest cyber security news and insights delivered right to your inbox


Related:

  • Crypto customers targeted by scammers after email marketing provider breach

    September 11, 2026

    An attacker breached an email marketing platform and launched targeted attacks against the newsletter subscribers of some of its customers, especially those working in cryptocurrency and adjacent fields. The incident was a supply-chain phishing campaign carried out through Brevo, an email marketing provider used by several cryptocurrency companies and other firms. Brevo initially said an attacker had ...

  • The modern bank heist is already under way

    September 11, 2026

    The image of the bank robber is hopelessly outdated. Today’s heist does not begin with a getaway car outside a branch. It begins quietly, with an adversary establishing persistence inside a financial institution’s network and studying how the organisation responds, says Tom Kellermann, VP of AI Security and Threat Research at Trend AI. The objective is no longer ...

  • A new Android attack combines malware and ransomware in a cocktail of cybercrime

    September 11, 2026

    Unique malware variant spotted targeting Android users. When threat actors target people’s devices, they usually infect it with one of many malware strains: an infostealer, a remote access trojan, a backdoor, or a ransomware encryptor. Rarely do we see all of these functionalities merged into a single entity, and even rarer – to have it target Android ...

  • ShinyHunters expose 6.4M in attack on medical supplier McKesson

    September 10, 2026

    McKesson’s cyberattack last month affected roughly 6.4 million individuals, according to Have I Been Pwned (HIBP). The breach notification service added data leaked by serial extortionists ShinyHunters, revealing the scale of the attack for the first time. ShinyHunters initially claimed to have stolen 284 million documents from the medical and pharmaceutical supply company in August, although HIBP ...

  • Protecting organizations from AI-assisted executive impersonation and invoice fraud

    September 10, 2026

    Threat actors are increasingly improving their tactics to make suspicious emails look like legitimate email notifications to potential victims, deploying techniques that impersonate internally sent emails from executive team members. While this technique is not new, the adoption of AI has enabled threat actors to improve their campaign templates and construct emails tailored to their ...

  • Russian National Extradited to United States for Bank Account Takeover Fraud Scheme Causing Millions of Dollars in Losses

    September 8, 2026

    Sergei Anatolyevich Filimonov, 36, a Russian national and web developer who was allegedly involved in a transnational cyber‑fraud conspiracy responsible for large‑scale bank account takeover activity, was arraigned Friday in the Northern District of Georgia after being extradited from the Republic of Georgia. Filimonov was indicted by a federal grand jury on Nov. 4, 2025, ...