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Ransomware Report March 2026

An In-Depth Analysis of the Latest Ransomware Trends and Threat Landscape

Dive into the constantly shifting world of ransomware, as we uncover the latest tactics, dissect the most prolific actors, and offer insights to keep your organization one step ahead.

Welcome to the March 2026 ransomware update, highlighting the latest trends, threat actors, and significant developments shaping the ransomware landscape. The Black Kite Research Group tracked 862 ransomware victim listings this month.

Black Kite recorded 862 ransomware victim listings in March 2026, up 112 (14.9%) from February and the highest monthly total in the six months shown. Activity also broadened, with 58 named groups active compared with 53 in February.

Geographic Distribution

The United States accounted for 416 victims, or 48.3% of the month's listings, compared with 49.3% in February. The next most represented countries were France (44), Germany (32) and Canada (30).

Threat Actor Activity

Qilin remained the most active group with 152 victims (17.6%), up from 129 in February. Akira (83) and The Gentlemen (74) were the next most active groups.

Six newly observed threat actors appeared in March: AiLock (24), ALP-001 (12), Nasir Security (6), Exitium (4), Loki (1) and XP95 (1).

Industry Impact

Manufacturing was again the most affected industry with 195 victims (22.6%), compared with 164 (21.9%) in February. Professional, Scientific, and Technical Services (168, 19.5%) and Construction (69, 8.0%) followed.

The Black Kite Research Group continues to monitor ransomware activity each month to provide organizations with insight into the shifting threat landscape and help prepare defenses against the evolving tactics of cybercriminal groups.

Total victims (ransomware victim listings)
862
Month-over-month change (+112 vs February 2026 (750))
+14.9%
Active threat actors (named groups with at least one listing)
58
Countries affected (countries with at least one victim)
71
Leading threat actor (152 victims · 17.6%)
Qilin
Leading country (416 victims · 48.3%)
United States of America
Leading industry (195 victims · 22.6%)
Manufacturing
Newly observed threat actors (first observed in our dataset this month)
6

01Threat Actor Distribution

  • Akira rose from 48 to 83 listings and moved into second place.
  • DragonForce (36 to 57) and Lockbit 5.0 (34 to 53) also increased, while Clop fell to 2 listings.
  • AiLock (24) and ALP-001 (12) were first observed in our dataset.

02Geographic Distribution

  • France doubled from 22 to 44 victims and became the second most represented country; Qilin (10) and The Gentlemen (9) listed the most.
  • US victims rose from 370 to 416, with Qilin (76) and Akira (55) the largest contributors.
  • Germany (20 to 32), the United Kingdom (18 to 29) and Spain (10 to 20) also increased.

03Industry Distribution

  • Manufacturing rose from 164 to 195 victims; 25 of The Gentlemen's 74 listings were in Manufacturing.
  • Each of the five leading industries recorded more victims than in February, led in absolute terms by Manufacturing (+31) and Professional, Scientific, and Technical Services (+19).
  • DragonForce's largest sector was Construction (11), whereas Qilin, Akira and The Gentlemen each listed Manufacturing most often.

04Threat Actor × Country Matrix

The matrix below shows how leading ransomware groups distributed their activity geographically.

Qilin
Akira
The Gentlemen
DragonForce
Lockbit 5.0
INC Ransom
Play
NightSpire
Coinbase Cartel
AiLock
Others
USA
76
55
7
34
10
40
37
17
12
16
112
France
10
2
9
1
1
5
3
13
Germany
7
8
1
1
1
2
2
1
9
Canada
5
4
3
2
1
2
13
UK
7
1
1
5
4
2
9
Italy
5
1
2
2
9
1
2
3
Spain
4
4
3
3
6
Brazil
3
1
6
1
6
India
3
1
2
1
7
Thailand
1
7
1
1
3
Others
37
8
36
11
23
8
1
8
5
4
81
Grand Total
152
83
74
57
53
50
46
36
25
24
262
  • Qilin listed the most victims in the United States (76 of 416 victims).
  • Qilin listed the most victims in France (10 of 44 victims).

05Threat Actor × Industry Matrix

This view highlights sector specialization across leading ransomware groups.

Qilin
Akira
The Gentlemen
DragonForce
Lockbit 5.0
INC Ransom
Play
NightSpire
Coinbase Cartel
AiLock
Others
Manufacturing
31
22
25
9
10
13
13
7
6
6
53
Professional, Scientific, and Technical Services
25
20
8
8
6
20
9
9
9
5
49
Construction
15
10
2
11
4
3
7
3
1
13
Information
11
6
3
2
3
3
3
20
Wholesale Trade
10
7
4
6
5
2
3
1
2
1
8
Retail Trade
9
7
5
3
4
2
2
2
2
7
Finance and Insurance
5
1
3
6
3
2
1
1
20
Health Care and Social Assistance
10
5
4
3
2
1
15
Public Administration
3
4
1
5
2
1
18
Transportation and Warehousing
12
2
2
1
2
1
14
Others
21
14
10
10
13
3
8
6
2
5
45
Grand Total
152
83
74
57
53
50
46
36
25
24
262
  • Qilin listed the most victims in Manufacturing (31 of 195 victims).
  • Qilin listed the most victims in Professional, Scientific, and Technical Services (25 of 168 victims).

06Six Month Trend Context

March's 862 listings were the highest of the six months, ending a period in which monthly totals had moved between 717 and 813 since October.

07Security Findings

  1. Misconfiguration69.8%

    MX and DNS misconfiguration that may enable spoofing or phishing

    582 of 834
  2. Critical Exposed Network Services52.6%

    Open RDP or SMB ports publicly visible

    439 of 834
  3. Fraudulent Domains52.3%

    At least one possible phishing domain

    436 of 834
  4. Software Vulnerability47.5%

    Out-of-date services/products with potentially highly exploitable vulnerabilities

    396 of 834
  5. Stealer Logs39.9%

    At least one record found in stealer logs

    333 of 834
  6. Credential Stuffing16.3%

    At least one credential leaked in the last 90 days

    136 of 834
  7. Botnet Activity2.3%

    At least one IP address involved in botnet, malware propagation or spam propagation

    19 of 834

Misconfiguration (69.8%) and Critical Exposed Network Services (52.6%) were the most common findings among scanned victims, and Botnet Activity the least common (2.3%). Scans can take place after the disclosure date, so these figures describe exposure at the time of the scan.

08Key Takeaways

  • Listings rose 14.9% to 862, and 58 named groups were active, up from 53.
  • France doubled to 44 victims and ranked second among countries.
  • Akira rose from 48 to 83 listings and moved into second place.

09Data Methodology and Sources

  • The Black Kite Research Group monitors ransomware leak sites and supporting threat intelligence sources to track publicly disclosed victims.
  • Victims are categorized by headquarters country and industry using NAICS classifications.
  • Repeated listings of the same victim by the same threat actor are counted once, while disclosures by different actors are recorded separately.
  • Since not all ransomware incidents become public, the figures reflect observed disclosures rather than the full extent of ransomware activity.

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