Ransomware-as-a-Service Will Continue to Grow in 2024

This Arctic Wolf Labs report analyzes the growth and impact of Ransomware-as-a-Service (RaaS) in 2023, citing major incidents such as LockBit activity and the Cl0P exploitation of a MOVEit zero‑day that led to widespread data exfiltration; it documents increases in ransomware frequency and median ransom amounts, warns that RaaS will likely grow in 2024, and recommends defensive measures including security awareness training, strong identity management, ongoing vulnerability management, 24×7 monitoring, and establishing normal network/user baselines to detect exfiltration.