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:

  • Hackers have breached tank readers at US gas stations

    May 15, 2026

    US officials suspect Iranian hackers are behind a series of breaches of systems that monitor the amount of fuel in storage tanks serving gas stations in multiple states, according to multiple sources briefed on the activity. The hackers responsible have exploited automatic tank gauge (ATG) systems that were sitting online and unprotected by passwords, allowing them in some cases ...

  • ShinyHunters: Cyber Criminal Group Attacks Learning Management System

    May 15, 2026

    The Federal Bureau of Investigation (FBI) is providing this Public Service Announcement (PSA) to warn of potential future impacts related to a cyber-attack that affected an online Learning Management System (LMS), resulting in an interruption of service to educational institutions and students across the country. The LMS platform is now fully operational. ShinyHunters (SH) — which ...

  • OpenAI caught in TanStack npm supply chain chaos after employee devices compromised

    May 15, 2026

    OpenAI says attackers behind the TanStack npm supply chain compromise stole internal credentials after reaching two employee devices, forcing the company to rotate signing certificates for several desktop products. The company disclosed this week that it had been caught up in the wider “Mini Shai-Hulud” campaign targeting npm ecosystems and developer infrastructure, though it said there was no ...

  • Ransomware hackers claim breach at Foxconn, a major electronics manufacturer for Apple, Google, and Nvidia

    May 13, 2026

    Electronics manufacturing giant Foxconn, which makes devices and components for Apple, Google, Nvidia, and Sony, among other tech giants, confirmed on Monday that it was hit by a cyberattack that may have affected some of its factories. In a statement sent to media outlets, Foxconn said that the cyberattack affected facilities in North America and that ...

  • When IT Support Calls: Dissecting a ModeloRAT Campaign from Teams to Domain Compromise

    May 13, 2026

    Attackers do not need to break into the front door when they can convince employees to open it for them through the tools they already trust. In April 2026, Rapid7 investigated an enterprise intrusion that began with a Microsoft Teams message from a fake “IT Support” account and quickly escalated into a full compromise chain involving ...

  • German Citizen Charged with Laundering Funds Linked to Prominent Darknet Marketplace “Dream Market”

    May 13, 2026

    Owe Martin Andresen, the suspected main administrator of Dream Market, one of the largest illicit darknet marketplaces before its 2019 shutdown, has been indicted for an alleged scheme to launder funds from Dream Market’s administrator accounts. Andresen was arrested last week in Germany on parallel charges brought by the German government. “Andresen allegedly channeled commissions earned ...