The State of Ransomware – Q2 2025

Key Findings Several prominent RaaS groups, including RansomHub, Babuk-Bjorka, FunkSec, BianLIan, 8Base, Cactus, Hunters International, and Lockbit, stopped publishing new victims. Though the reasons for their disappearances vary, the net effect is a fragmented ransomware ecosystem no longer dominated by one or two major players. Q2 2025 saw a drop of 6% in the number
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