Cyber Risks · Unit 42 Palo Alto Networks

Extortion and Ransomware Trends January-March 2025

Summary: Unit 42's January-March 2025 leak site review found RansomHub the most prolific ransomware group in public reports, with activity rising from January to February and dipping slightly in March in both 2024 and 2025. The report also documents scammers mailing threatening letters in March 2025 posing as BianLian (which the FBI assessed as a scam), a fake Babuk rebrand re-extorting more than 60 victims with old data, and North Korean group Moonstone Sleet reportedly deploying Qilin payloads in a limited number of attacks.

What's compelling: Unit 42's 2025 Global Incident Response Report found 86% of incidents involved business disruption, and attackers are now adopting EDR killers that terminate defensive software so data can be encrypted before anyone notices.

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Threat Actors & Nation-State
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