INC Ransomware Emerges as Major RaaS Threat in 2026 with 830+ Victims Since 2023
Jun 18, 2026
Vulnerability / Enterprise Security
Cybersecurity researchers have charted the evolution of INC from an nascent ransomware-as-a-service (RaaS) operation to one of the most prolific cybercrime groups in 2026, claiming no less than 830 victims since August 2023. "The disruption of LockBit and the shutdown of BlackCat created opportunities for INC to expand as affiliates migrated to alternative ransomware operations," Acronis researcher Darrel Virtusio said . "United States organizations account for more than 65% of listed victims, with legal services, manufacturing, construction, technology and health care among the most targeted sectors." INC's Windows and Linux/ESXi encryptors have also been rewritten in Rust to facilitate easier cross-platform development and better resist reverse engineering efforts. Attacks deploying the ransomware are characterized by the use of an updated credential dumper capable of targeting newer Veeam backup deployments that use the salted DPAPI credential encryp...
