GUEST RESEARCH: Dragos's Industrial Ransomware Analysis Report Q3 2024 revealed that the ransomware threat ecosystem remained highly active, driven by the emergence of new groups, rebranding of existing entities, the expansion of initial access broker (IAB) operations, and the proliferation of illicitly traded tools. Operators demonstrated a growing ability to adapt to disruptions, leveraging technological advancements and strategic realignments to sustain their operations.