Security Magazine logo
search
cart
facebook twitter linkedin youtube
  • Sign In
  • Create Account
  • Sign Out
  • My Account
Security Magazine logo
  • NEWS
    • Security Newswire
    • Technologies & Solutions
  • MANAGEMENT
    • Leadership Management
    • Enterprise Services
    • Security Education & Training
    • Logical Security
    • Security & Business Resilience
    • Profiles in Excellence
  • PHYSICAL
    • Access Management
    • Fire & Life Safety
    • Identity Management
    • Physical Security
    • Video Surveillance
    • Case Studies (Physical)
  • CYBER
    • Cybersecurity News
    • More
  • BLOG
  • COLUMNS
    • Career Intelligence
    • Cyber Tactics
    • Cybersecurity Education & Training
    • Leadership & Management
    • Security Talk
  • EXCLUSIVES
    • Annual Guarding Report
    • Most Influential People in Security
    • The Security Benchmark Report
    • Top Guard and Security Officer Companies
    • Top Cybersecurity Leaders
    • Women in Security
  • SECTORS
    • Arenas / Stadiums / Leagues / Entertainment
    • Banking/Finance/Insurance
    • Construction, Real Estate, Property Management
    • Education: K-12
    • Education: University
    • Government: Federal, State and Local
    • Hospitality & Casinos
    • Hospitals & Medical Centers
    • Infrastructure:Electric,Gas & Water
    • Ports: Sea, Land, & Air
    • Retail/Restaurants/Convenience
    • Transportation/Logistics/Supply Chain/Distribution/ Warehousing
  • EVENTS
    • Industry Events
    • Webinars
    • Solutions by Sector
    • Security 500 Conference
  • MEDIA
    • Interactive Spotlight
    • Photo Galleries
    • Podcasts
    • Polls
    • Videos
      • Cybersecurity & Geopolitical Discussion
      • Ask Me Anything (AMA) Series
  • MORE
    • Call for Entries
    • Classifieds & Job Listings
    • Continuing Education
    • Newsletter
    • Sponsor Insights
    • Store
    • White Papers
  • EMAG
    • eMagazine
    • This Month's Content
    • Advertise
  • SIGN UP!
CybersecurityCybersecurity News

Industrial sector ransomware attacks increased by 50% in 2023

By Security Staff
Monitor on desk

Image via Unsplash

February 20, 2024

Industrial cybersecurity was analyzed in a recent report by Dragos Inc. The report identified three new OT Threat Groups—VOLTZITE, GANANITE and LAURIONITE. With these additions, analysts now track 21 Threat Groups worldwide that have been observed as being engaged in OT operations in 2023.

VOLTZITE targets electric power generation, transmission and distribution and has been observed targeting research, technology, defense industrial bases, satellite services, telecommunications and educational organizations. The group overlaps with Volt Typhoon, a group that the U.S. government has publicly linked to the People’s Republic of China. The group’s threat activities include living off the land (LOTL) techniques, prolonged surveillance, and data gathering aligned with Volt Typhoon’s assessed objectives of reconnaissance and gaining geopolitical advantage in the Asia-Pacific region. They have traditionally targeted U.S.-based facilities, but also have been seen targeting organizations in Africa and Southeast Asia.

GANANITE targets critical infrastructure and government entities in the Commonwealth of Independent States and Central Asian nations. The group leverages publicly available proof of concept (POC) exploits for internet-exposed endpoints and focuses on espionage and data theft.

LAURIONITE targets and exploits Oracle E-Business Suite iSupplier web services and assets across aviation, automotive, and manufacturing industries. The group utilizes a combination of open-source offensive security tooling and public proof of concepts to aid in their exploitation of common vulnerabilities.

Geopolitical conflicts drove threat activity with regional and global kinetic events overlapping with OT cybersecurity threats. The Ukraine-Russia conflict prompted more mature threat groups, such as ELECTRUM, to increase activity, while tensions between China and Taiwan contributed to increased targeted cyber espionage attacks against industrial organizations in the Asia-Pacific region and the United States.

Ransomware remains the number one attack in the industrial sector increasing 50% from 2022. Lockbit caused 25% of total industrial ransomware attacks, with ALPHV and BlackBasta accounting for 9% each. Manufacturing continues to be the primary target of ransomware and accounted for 71% of all ransomware attacks. The majority of ransomware attacks impacted organizations in North America with 44% of incidents, followed by Europe at 32%. The report tracked 50 ransomware variants in 2023, a 28% increase over last year.

The number of vulnerabilities that require authentication to exploit is rising, pointing to a positive trend for OT defenders. In 2023, 34% of CVEs required some authentication compared to 25% of CVEs in 2020. On the other hand, of the 2010 vulnerabilities impacting industrial environments disclosed last year, 14% contained erroneous information for prioritizing risks in ICS/OT.

Read the full report here.

KEYWORDS: critical infrastructure cyberattack cybersecurity ransomware threat actor

Share This Story

Looking for a reprint of this article?
From high-res PDFs to custom plaques, order your copy today!

Recommended Content

JOIN TODAY
To unlock your recommendations.

Already have an account? Sign In

  • Iintegration and use of emerging tools

    Future Proof Your Security Career with AI Skills

    AI’s evolution demands security leaders master...
    Columns
    By: Jerry J. Brennan and Joanne R. Pollock
  • The 2025 Security Benchmark Report

    The 2025 Security Benchmark Report

    The 2025 Security Benchmark Report surveys enterprise...
    The Security Benchmark Report
    By: Rachelle Blair-Frasier
  • The Most Influential People in Security 2025

    Security’s Most Influential People in Security 2025

    Security Magazine’s 2025 Most Influential People in...
    Most Influential People in Security
    By: Security Staff
Manage My Account
  • Security Newsletter
  • eMagazine Subscriptions
  • Manage My Preferences
  • Online Registration
  • Mobile App
  • Subscription Customer Service

More Videos

Sponsored Content

Sponsored Content is a special paid section where industry companies provide high quality, objective, non-commercial content around topics of interest to the Security audience. All Sponsored Content is supplied by the advertising company and any opinions expressed in this article are those of the author and not necessarily reflect the views of Security or its parent company, BNP Media. Interested in participating in our Sponsored Content section? Contact your local rep!

close
  • critical event management
    Sponsored byEverbridge

    Why a Unified View Across IT, Continuity, and Security Makes or Breaks Crisis Response

  • Charlotte Star Room
    Sponsored byAMAROK

    In an Uncertain Economy, Security Is a Necessity - Not an Afterthought

  • Sureview screen
    Sponsored bySureView Systems

    The Evolution of Automation in the Command Center

Popular Stories

Cybersecurity trends of 2025

3 Top Cybersecurity Trends from 2025

Red laptop

Security Leaders Discuss SitusAMC Cyberattack

Green code

Logitech Confirms Data Breach, Security Leaders Respond

Neon human and android hands

65% of the Forbes AI 50 List Leaked Sensitive Information

The Louvre

After the Theft: Why Camera Upgrades Should Begin With a Risk Assessment

Top Cybersecurity Leaders

Events

September 18, 2025

Security Under Fire: Insights on Active Shooter Preparedness and Recovery

ON DEMAND: In today’s complex threat environment, active shooter incidents demand swift, coordinated and well-informed responses.

December 11, 2025

Responding to Evolving Threats in Retail Environments

Retail security professionals are facing an increasingly complex array of security challenges — everything from organized retail crime to evolving cyber-physical threats and public safety concerns.

View All Submit An Event

Products

Security Culture: A How-to Guide for Improving Security Culture and Dealing with People Risk in Your Organisation

Security Culture: A How-to Guide for Improving Security Culture and Dealing with People Risk in Your Organisation

See More Products

Related Articles

  • multicolor text on black screen

    Industrial sector faced highest number of ransomware attacks in April

    See More
  • Green digital symbols on screen

    Ransomware threats increased by twofold in 2023

    See More
  • black keyboard with blue lighting

    Manufacturing is the top industry affected by ransomware in 2023

    See More

Related Products

See More Products
  • Hospitality Security: Managing Security in Today's Hotel, Lodging, Entertainment, and Tourism Environment

  • CASP.jpg.jpg

    CASP+ CompTIA Advanced Security Practitioner Certification All-In-One Exam Guide...

  • 150952519X.jpg

    Intelligence in An Insecure World, 3rd Edition

See More Products
×

Sign-up to receive top management & result-driven techniques in the industry.

Join over 20,000+ industry leaders who receive our premium content.

SIGN UP TODAY!
  • RESOURCES
    • Advertise
    • Contact Us
    • Store
    • Want More
  • SIGN UP TODAY
    • Create Account
    • eMagazine
    • Newsletter
    • Customer Service
    • Manage Preferences
  • SERVICES
    • Marketing Services
    • Reprints
    • Market Research
    • List Rental
    • Survey/Respondent Access
  • STAY CONNECTED
    • LinkedIn
    • Facebook
    • YouTube
    • X (Twitter)
  • PRIVACY
    • PRIVACY POLICY
    • TERMS & CONDITIONS
    • DO NOT SELL MY PERSONAL INFORMATION
    • PRIVACY REQUEST
    • ACCESSIBILITY

Copyright ©2025. All Rights Reserved BNP Media.

Design, CMS, Hosting & Web Development :: ePublishing