{"id":105478,"date":"2022-04-19T09:02:42","date_gmt":"2022-04-19T16:02:42","guid":{"rendered":"https:\/\/www.backblaze.com\/blog\/?p=105478"},"modified":"2025-12-11T13:48:57","modified_gmt":"2025-12-11T21:48:57","slug":"ransomware-takeaways-from-q1-2022","status":"publish","type":"post","link":"https:\/\/www.backblaze.com\/blog\/ransomware-takeaways-from-q1-2022\/","title":{"rendered":"Ransomware Takeaways From Q1 2022"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-105487\" src=\"https:\/\/www.backblaze.com\/blog\/wp-content\/uploads\/2022\/04\/bb-bh-Q4-Ransomware-Takeaways-Post.png\" alt=\"\" width=\"1440\" height=\"820\" srcset=\"https:\/\/backblazeprod.wpenginepowered.com\/wp-content\/uploads\/2022\/04\/bb-bh-Q4-Ransomware-Takeaways-Post.png 1440w, https:\/\/backblazeprod.wpenginepowered.com\/wp-content\/uploads\/2022\/04\/bb-bh-Q4-Ransomware-Takeaways-Post-300x171.png 300w, https:\/\/backblazeprod.wpenginepowered.com\/wp-content\/uploads\/2022\/04\/bb-bh-Q4-Ransomware-Takeaways-Post-1024x583.png 1024w, https:\/\/backblazeprod.wpenginepowered.com\/wp-content\/uploads\/2022\/04\/bb-bh-Q4-Ransomware-Takeaways-Post-768x437.png 768w, https:\/\/backblazeprod.wpenginepowered.com\/wp-content\/uploads\/2022\/04\/bb-bh-Q4-Ransomware-Takeaways-Post-560x319.png 560w\" sizes=\"auto, (max-width: 1440px) 100vw, 1440px\" \/><\/p>\n<p id=\"bzdropcap\">The impact of the war in Ukraine is evolving in real time, particularly when it comes to the ransomware landscape. Needless to say, it dominated the ransomware conversation throughout Q1 2022. This quarter, we\u2019re digging into some of the consequences from the invasion and what it means for you in addition to a few broader domestic developments.<\/p>\n<p>Why? Staying up to date on ransomware trends can help you prepare your security infrastructure in the short and long term to protect your valuable data. In this series, we share five key takeaways based on what we saw over the previous quarter. Here\u2019s what we observed in Q1 2022.<\/p>\n<div class=\"abstract\" style=\"line-height: 1.8; margin: 24px 12px; padding: 24px 12px 10px 12px;\">\n<p>This post is a part of our ongoing series on ransomware. Take a look at our other posts for more information on how businesses can defend themselves against a ransomware attack, and more.<\/p>\n<ul>\n<li><a href=\"\/blog\/complete-guide-ransomware\/\" target=\"_blank\" rel=\"noopener\">\u201cRansomware: How to Prevent or Recover From an Attack\u201d<\/a><\/li>\n<li><a href=\"\/blog\/ransomware-economy\/\" target=\"_blank\" rel=\"noopener\">&#8220;Introducing the Ransomware Economy&#8221;<\/a><\/li>\n<li><a href=\"\/blog\/object-lock-101-protecting-data-from-ransomware\/\" target=\"_blank\" rel=\"noopener\">\u201cObject Lock 101: Protecting Data From Ransomware\u201d<\/a><\/li>\n<li><a href=\"\/blog\/the-true-cost-of-ransomware\/\" target=\"_blank\" rel=\"noopener\">&#8220;The True Cost of Ransomware&#8221;<\/a><\/li>\n<li>2021 Ransomware Takeaways: <a href=\"\/blog\/ransomware-takeaways-2021-to-date\/\" target=\"_blank\" rel=\"noopener\">Q1<\/a>, <a href=\"\/blog\/ransomware-takeaways-q2-2021\/\" target=\"_blank\" rel=\"noopener\">Q2<\/a>, <a href=\"\/blog\/ransomware-takeaways-q3-2021\/\" target=\"_blank\" rel=\"noopener\">Q3<\/a>, <a href=\"\/blog\/ransomware-takeaways-from-q4-2021\/\" target=\"_blank\" rel=\"noopener\">Q4<\/a><\/li>\n<\/ul>\n<\/div>\n<p><!--HubSpot Call-to-Action Code --><span id=\"hs-cta-wrapper-bcb54d8e-f8c9-4feb-b802-5dfd0042e420\" class=\"hs-cta-wrapper\"><span id=\"hs-cta-bcb54d8e-f8c9-4feb-b802-5dfd0042e420\" class=\"hs-cta-node hs-cta-bcb54d8e-f8c9-4feb-b802-5dfd0042e420\"><!-- [if lte IE 8]>\n\n\n<div id=\"hs-cta-ie-element\"><\/div>\n\n\n<![endif]--><a href=\"https:\/\/cta-redirect.hubspot.com\/cta\/redirect\/2832298\/bcb54d8e-f8c9-4feb-b802-5dfd0042e420\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" id=\"hs-cta-img-bcb54d8e-f8c9-4feb-b802-5dfd0042e420\" class=\"hs-cta-img\" style=\"border-width: 0px;\" src=\"https:\/\/no-cache.hubspot.com\/cta\/default\/2832298\/bcb54d8e-f8c9-4feb-b802-5dfd0042e420.png\" alt=\"\u2794 Download The Complete Guide to Ransomware E-book\" \/><\/a><\/span><script charset=\"utf-8\" src=\"https:\/\/js.hscta.net\/cta\/current.js\"><\/script><script type=\"text\/javascript\"> hbspt.cta.load(2832298, 'bcb54d8e-f8c9-4feb-b802-5dfd0042e420', {\"useNewLoader\":\"true\",\"region\":\"na1\"}); <\/script><\/span><!-- end HubSpot Call-to-Action Code --><\/p>\n<h2><strong>1. Sanctions and International Attention May Have Depressed Some Ransomware Activity<\/strong><\/h2>\n<p>Following the ground invasion, ransomware attacks seemed to go eerily quiet especially when government officials predicted cyberattacks could be a <a href=\"https:\/\/www.reuters.com\/technology\/white-house-cybersecurity-official-europe-warning-russian-hacks-2022-02-02\/\" target=\"_blank\" rel=\"noopener\">key tactic<\/a>. That\u2019s not to say attacks weren\u2019t being carried out without being reported, but the radio silence was <a href=\"https:\/\/www.reuters.com\/technology\/russian-ransomware-attacks-ukraine-muted-by-leaks-insurance-woes-2022-03-01\/\" target=\"_blank\" rel=\"noopener\">notable enough<\/a> that a few media outlets <a href=\"https:\/\/nymag.com\/intelligencer\/2022\/03\/why-have-russian-hackers-been-so-quiet-in-ukraine.html\" target=\"_blank\" rel=\"noopener\">wondered why<\/a>.<\/p>\n<p>International attention may be one reason\u2014cybercriminals tend to be wary of the spotlight. Having the world\u2019s eyes on a region where much cybercrime originates seems to have pushed cybercriminals into the shadows. The sanctions imposed on Russia have made it more difficult for cybercrime syndicates based in the country to receive, convert, and disperse payment from victims. The war also may have caused some chaos within ransomware syndicates and fomented fears that cyberinsurers would not pay for claims. As a result, we\u2019ve seen a slowing of ransomware incidents in the first quarter, but that may not last.<\/p>\n<p><strong>Key Takeaway:<\/strong> While ransomware attacks may be down short-term, no one should be lulled into thinking the threat is gone, especially with government agencies on high alert and <a href=\"https:\/\/www.reuters.com\/technology\/us-warns-potential-cyberattacks-russia-citing-evolving-intelligence-2022-03-21\/\" target=\"_blank\" rel=\"noopener\">warnings<\/a> from the highest levels that businesses should still be on guard.<\/p>\n<h2><strong>2. Long-term Socioeconomic Impacts Could Trigger a New Wave of Cybercrime<\/strong><\/h2>\n<p>As part of their ongoing analysis, cyber security consultants Coveware, illustrated how the socioeconomic precarity caused by sanctions could lead to <a href=\"https:\/\/www.coveware.com\/blog\/2022\/3\/25\/how-the-russianukraine-war-may-lead-to-an-explosion-in-ransomware-attacks\" target=\"_blank\" rel=\"noopener\">a larger number of people turning to cybercrime<\/a> as a way to support themselves. In their reporting, they analyzed the number of trained cyber security professionals who they\u2019d expect to be out of work given Russia\u2019s rising unemployment rate in order to estimate a pool of potential new ransomware operators. To double the number of individuals currently acting as ransomware operators, they found that only 7% of the newly unemployed workforce would have to convert to cybercrime.<\/p>\n<p>They note, however, that it remains to be seen what impact a larger labor pool would have since new entrants looking for fast cash may not be as willing to put in the time and effort to carry out big game tactics that typified the first half of 2021. As such, Coveware would expect to see an increase in attacks on small to medium-sized enterprises (which already make up the largest portion of ransomware victims today) and a decline in ransom demands with new operators hoping to make paying up more attractive for victims.<\/p>\n<p><strong>Key Takeaway:<\/strong> If the threat materializes, new entrants to the ransomware game are likely to try to fly under the radar, which means we would expect to see a larger number of small to medium-sized businesses targeted with ransoms that won\u2019t make headlines, but that nonetheless hurt the businesses affected.<\/p>\n<h2><strong>3. One Ransomware Operator Paid the Price for Russian Allegiance; Others Declared Neutrality<\/strong><\/h2>\n<p>In February, ransomware group Conti <a href=\"https:\/\/www.scmagazine.com\/analysis\/ransomware\/after-conti-backs-war-ransomware-gangs-realize-peril-of-patriotism-amid-infighting\" target=\"_blank\" rel=\"noopener\">declared their support<\/a> for Russian actions and threatened to retaliate against Western entities targeting Russian infrastructure. But Conti appears to have miscalculated the loyalty of its affiliates, many of whom are likely pro-Ukraine. The declaration backfired when one of their affiliates leaked chat logs following the announcement. Shortly after, LockBit, another prolific ransomware group, took a cue from Conti\u2019s blunder, declaring neutrality and swearing off any attacks against Russia\u2019s many enemies. Their reasoning? Surprisingly inclusive for an organized crime syndicate:<\/p>\n<p>\u201cOur community consists of many nationalities of the world, most of our pentesters are from the CIS including Russians and Ukrainians, but we also have Americans, Englishmen, Chinese, French, Arabs, Jews, and many others in our team\u2026 We are all simple and peaceful people, we are all Earthlings.\u201d<\/p>\n<p>As we know, the <a href=\"\/blog\/ransomware-economy\/\" target=\"_blank\" rel=\"noopener\">ransomware economy<\/a> is a wide, interconnected network of actors with varying political allegiances. The actions of LockBit may assuage some fears that Russia would be able to weaponize the cybercrime groups that have been allowed to operate with impunity within its borders, but that\u2019s no reason to rest easy.<\/p>\n<p><strong>Key Takeaway:<\/strong> LockBit\u2019s actions and words reinforce the one thing we know for sure about cybercriminals: Despite varying political allegiances, they\u2019re unified by money and they will come after it if it\u2019s easy for the taking.<\/p>\n<h2><strong>4. CISA Reports the Globalized Threat of Ransomware Increased in 2021<\/strong><\/h2>\n<p>The U.S. Cybersecurity and Infrastructure Security Agency (CISA) released <a href=\"https:\/\/www.cisa.gov\/uscert\/ncas\/alerts\/aa22-040a\" target=\"_blank\" rel=\"noopener\">a statement<\/a> in March summarizing the trends they saw throughout 2021. They outlined a number of tactics that we saw throughout the year as well, including:<\/p>\n<ul>\n<li>Targeting attacks on holidays and weekends.<\/li>\n<li>Targeting managed service providers.<\/li>\n<li>Targeting backups stored in on-premises devices and in the cloud.<\/li>\n<\/ul>\n<p>Among others, these tactics pose a threat to critical infrastructure, healthcare, financial institutions, education, businesses, and nonprofits globally.<\/p>\n<p><strong>Key Takeaway:<\/strong> The advisory outlines 18 mitigation strategies businesses and organizations can take to protect themselves from ransomware, including some of the top strategies as we see it: protecting cloud storage by backing up to <a href=\"\/blog\/multi-cloud-strategy-architecture-guide\/\" target=\"_blank\" rel=\"noopener\">multiple locations<\/a>, requiring MFA for access, and <a href=\"\/blog\/server-side-encryption-keys-to-more-protection\/\" target=\"_blank\" rel=\"noopener\">encrypting data in the cloud<\/a>.<\/p>\n<h2><strong>5. Russia Could Use Ransomware to Offset Sanctions<\/strong><\/h2>\n<p>Despite our first observation that ransomware attacks slowed somewhat early in the quarter, the Financial Crimes Enforcement Network (FinCEN) issued <a href=\"https:\/\/www.fincen.gov\/sites\/default\/files\/2022-03\/FinCEN%20Alert%20Russian%20Sanctions%20Evasion%20FINAL%20508.pdf\" target=\"_blank\" rel=\"noopener\">an alert<\/a> in March that Russia may employ state-sponsored actors to evade sanctions and bring in cryptocurrency by ramping up attacks. They warned financial institutions, specifically, to be vigilant against these threats to help thwart attempts by state-sponsored Russian actors to extort ransomware payments.<\/p>\n<p>The warnings follow an increase in phishing and distributed denial-of-service (DDoS) attacks that have persisted throughout the year and increased toward the end of February into March as reported by <a href=\"https:\/\/blog.google\/threat-analysis-group\/update-threat-landscape-ukraine\/\" target=\"_blank\" rel=\"noopener\">Google\u2019s Threat Analysis Group<\/a>. In <a href=\"https:\/\/threatpost.com\/russia-ransomware-payouts-avoid-sanctions\/178854\/\" target=\"_blank\" rel=\"noopener\">reports from ThreatPost<\/a> covering the alert as well as Google\u2019s observations, cybersecurity experts seemed doubtful that ransomware payouts would make much of a dent in alleviating the sanctions, and noted that opportunities to use ransomware were more likely on an individual level.<\/p>\n<p><strong>Key Takeaway:<\/strong> The warnings serve as a reminder that both individual actors and state-sponsored entities have ransomware tools at their disposal to use as a means to retaliate against sanctions or simply support themselves, and that the best course of action is to shore up defenses before the anticipated threats materialize.<\/p>\n<h2><strong>What This All Means for You<\/strong><\/h2>\n<p>The changing political landscape will continue to shape the ransomware economy in new and unexpected ways. Being better prepared to avoid or mitigate the effects of ransomware makes more and more sense when you can\u2019t be sure what to expect. Ransomware protection doesn\u2019t have to be costly or confusing. Check out our <a href=\"https:\/\/www.backblaze.com\/b2\/solutions\/ransomware-protection-and-recovery.html\" target=\"_blank\" rel=\"noopener\">ransomware protection solutions<\/a> to get started.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stay up to date with the latest ransomware news and trends to protect yourself against a potential cybersecurity threat. Read our top five takeaways from Q1 2022.<\/p>\n","protected":false},"author":159,"featured_media":105487,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":"","jetpack_post_was_ever_published":false},"categories":[7,475],"tags":[468],"class_list":["post-105478","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cloud-storage","category-ransomware","tag-b2cloud","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ransomware Takeaways from Q1 2022: Key Insights and Analysis<\/title>\n<meta name=\"description\" content=\"Ransomware has been getting worse and worse, with no signs of stopping. Here are the biggest ransomware takeaways we\u2019ve seen at Backblaze over Q1 2022.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.backblaze.com\/blog\/ransomware-takeaways-from-q1-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ransomware Takeaways from Q1 2022: Key Insights and Analysis\" \/>\n<meta property=\"og:description\" content=\"Ransomware has been getting worse and worse, with no signs of stopping. Here are the biggest ransomware takeaways we\u2019ve seen at Backblaze over Q1 2022.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.backblaze.com\/blog\/ransomware-takeaways-from-q1-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"Backblaze Blog | Cloud Storage &amp; Cloud Backup\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/backblaze\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-19T16:02:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-11T21:48:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/backblazeprod.wpenginepowered.com\/wp-content\/uploads\/2022\/04\/bb-bh-Q4-Ransomware-Takeaways-Post.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1440\" \/>\n\t<meta property=\"og:image:height\" content=\"820\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Molly Clancy\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@backblaze\" \/>\n<meta name=\"twitter:site\" content=\"@backblaze\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Molly Clancy\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Ransomware Takeaways from Q1 2022: Key Insights and Analysis","description":"Ransomware has been getting worse and worse, with no signs of stopping. 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