Ransomware Attacks Surge 50% in Q3 2026 Amid Rising Recovery Service Demand

• •Ransomware attacks rose over 50% year-over-year in Q3 2026.
• •New ransomware groups have emerged, contributing to the rising attack numbers.
• •The Ransomware Recovery Services Market is projected to grow significantly, reaching USD 114.7 billion by 2035.

Ransomware attacks have increased by over 50% year-over-year, with 2,894 incidents reported in Q3 2026, up from 1,933 in Q3 2025, according to NordLayer. This surge follows the takedown of several major ransomware groups, including LockBit and RansomHub, suggesting a shift in the threat landscape. New groups like The Gentlemen and Qilin have emerged, contributing to the rise in attacks, particularly targeting small and medium-sized businesses in the manufacturing sector. The FBI reported a significant increase in ransomware complaints, with 859,532 complaints in 2024, leading to losses of USD 16.6 billion. The Ransomware Recovery Services Market, valued at USD 23.7 billion in 2025, is projected to grow at a CAGR of 17.1%, reaching USD 114.7 billion by 2035, driven by urgent demand for data recovery and restoration services. The North America region remains the most affected, accounting for over 43% of the market share. The average cost of recovery per attack is estimated at $1.53 million, with many firms opting for external recovery experts due to low backup restoration rates.