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Showing posts with label Extortion Scheme. Show all posts
threat report
Cyber Crime Extortion Scheme Ransomware Ransomware Actors threat report

Ransomware Extortion Demands Increase to $5.2 Million Per Attack

 

Ransomware demands are skyrocketing in 2024, with the average extortion demand per ransomware attack exceeding $5.2 million per incident in the first half of the year. 

Following an attack on India's Regional Cancer Centre (RCC) on April 20, a review of 56 ransom demands from January to June of this year revealed that the highest demand was $100 million. The second and third highest extortion demands were issued to Synnovis, a UK pathology supplier, and London Drugs, a Canadian retailer, at $50 million and $25 million, respectively. 

Even though there were 421 ransomware attacks in the first half of 2024 as opposed to 704 attacks in the same time of 2023, the numbers for 2024 are probably going to rise as long as there are more SEC-mandated breach disclosures. In terms of how much data has been stolen in these attacks, private companies have had 29.7 million records compromised thus far, whilst governments have had 52,390, and the healthcare industry has had a startling 5.4 million exposed records. 

Prevention tips 

Maintain backups: The researchers recommend that backing up critical information is the single most effective strategy to recover from a ransomware outbreak. There are a few things to consider, however. Backup files should be securely safeguarded and stored offline or out-of-band to prevent attackers from targeting them. 

Using cloud services may help alleviate a ransomware outbreak as many retain previous versions of files, allowing you to restore to an unencrypted version.Regularly test backups for efficacy. In the case of an attack, be sure your backups aren't infected before rolling back. 

Develop strategies and policies: Create an incident response strategy so that your IT security personnel knows what to do in the case of a ransomware attack. The plan should include the roles and communications to be shared during an assault. 

You should also include a list of contacts, such as any partners or vendors that need to be informed. Do you have a "suspicious email" policy? If not, try implementing a company-wide policy. This will help instruct employees on what to do if they receive an email that they don't understand. It may be as simple as forwarding the email to the IT security staff. 

Keep systems up-to-date: Make sure that all of your organization's operating systems, apps, and software are constantly updated. Applying the most recent updates will help close the security gaps that attackers are attempting to exploit. Wherever possible, enable auto-updates so that you always have the most recent security fixes.
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User Security
Cyber Attacks Data Encryption Extortion Scheme Ransom Payment ransomware attacks User Security

Ransomware Gangs are Starting to Forego Encryption

 

Criminal organisations are now employing a new strategy to ensure ransomware payouts: they skip the step of encrypting target companies' systems and instead go straight to demanding the ransom payment for the company's valuable data.

Malicious hackers are constantly looking for less-flashy but still effective ways to continue their ransomware attacks as law enforcement's focus on the problem grows.

Typically, a ransomware attack begins with the installation of malware that encrypts files onto a company's networks, followed by the appearance of a ransom note on each screen.

By concentrating only on data extortion, hackers can launch their attacks more quickly and without the need for encryption tools, which can occasionally go down in the middle of an attack. 

According to Drew Schmitt, a principal threat analyst at GuidePoint Security, law enforcement is also more interested in looking into attacks that use encryption because it results in more damage.

Schmitt added that businesses that have strong endpoint security tools, firewalls, ongoing monitoring, and security plans that restrict employees' access to internal files will be the most successful at thwarting ransomware attacks.

Security leaders must know how to lessen the effects of a ransomware attack. Here are a few of our suggestions: 

  • Keep encrypted backups of your data offline and make sure that your team consistently performs backups. Additionally, your team should prioritise restoring all crucial systems and data first and routinely test backups to determine how long data restoration efforts will take. 
  • Make it a company-wide rule that no device should be used to store corporate data locally. Unlike data stored in the cloud, if a device is infected, you risk losing all locally stored data. 
  • To prevent ransomware from spreading to other network devices, immediately isolate the infected device.
  • If at all possible, determine the type of ransomware used and/or the threat actors who carried out the attack to see if a decryption key may already be in existence. Engage an external incident response provider with digital forensics capabilities to lead the charge if you lack the expertise to carry out this investigation internally. 
  • Your team should have the relevant source code or executables backed up in addition to system images (or escrowed, have a licence agreement to obtain, etc.) so that you don't lose the application code entirely if the ransomware infection affects it. 
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Ransomware
Cyber Attacks Data Exfiltration Encryption Extortion Scheme Ransomware

Newly Discovered Royal Ransomware is Targeting Organizations with Multi-Million Dollar Assaults

 

A new ransomware operation dubbed “Royal” is targeting organizations with ransom demands ranging from $250.000 to over $2 million. 

A new report from BleepingComputer in collaboration AdvIntel researchers has investigated the group’s encryptor and its methodology. The ransomware group was first identified in January 2022 and includes vetted and experienced hackers from past operations. 

Interestingly, it does not operate as a Ransomware-as-a-Service (RaaS), but instead as a private group without partners or affiliates. At first, the group employed the encryptors of other ransomware operations, such as the BlackCat example, before utilizing its own encryptors, the first being Zeon, an encryptor that designs ransom notes identical to Conti’s. 

Royal modus operandi 

Based on the observations gathered by threat analysts, this month, the Royal ransomware used a new encryptor and its name in ransom notes to represent itself accurately. The security experts have also identified that the hacking group is working underground and has not employed a data leak site to disclose their activities. 

The malicious campaign is employing a technique called “callback phishing,” wherein the Royal hackers mimic software vendors and food delivery platforms in emails, pretending to be an offer to renew a subscription. 

When victims call the number, the ransomware operators employ social engineering to lure them into installing remote access software, thus acquiring access to the corporate network. Subsequently, the hackers execute multiple attack procedures, eventually leading to the encryption of the exploited devices. They employ Cobalt Strike to spread out across the network, collect credentials, steal data, and finally encrypt machines. 

The targeted individuals would then discover a ransom note, named README.TXT, containing a Tor link to engage in negotiations with malicious hackers. The ransomware operators will offer their demand, with ransom amounts ranging from $250.000 to over $2 million. To prove that they have the firm’s data, Royal will decrypt a few files and share lists of the siphoned data. 

It remains unclear how successful the operation is because at the time of writing there are no reports of any victims actually paying for the decryption key. The researchers have strongly recommended network, windows, and security admins to keep an eye on the activities of this group, as they are ramping up their operations and will likely surge to become a significant business-targeting ransomware operation.
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Security Experts
DDOS Attack Extortion Scheme HelloKitty malware Ransomware Security Experts

FBI: HelloKitty Ransomware Adds DDoS to Extortion Techniques

 

The FBI has released a flash notice to private industry partners, alerting them that the HelloKitty ransomware gang (also known as FiveHands) has incorporated distributed denial-of-service (DDoS) attacks into its toolbox of extortion techniques. 

The FBI claimed in a notice coordinated with the Cybersecurity and Infrastructure Security Agency (CISA) that the ransomware group would use DDoS assaults to take down its victims' official websites if they didn't pay the ransom. 

HelloKitty is also notorious for collecting and encrypting sensitive data from victims' infected servers. Later, the stolen files are then used as leverage to compel the victims to pay the ransom under the fear of the stolen material being leaked publicly on a data leak site. 

The FBI stated, "In some cases, if the victim does not respond quickly or does not pay the ransom, the threat actors will launch a Distributed Denial of Service (DDoS) attack on the victim company's public-facing website. Hello Kitty/FiveHands actors demand varying ransom payments in Bitcoin (BTC) that appear tailored to each victim, commensurate with their assessed ability to pay it. If no ransom is paid, the threat actors will post victim data to the Babuk site payload.bin) or sell it to a third-party data broker." 

To breach the targets' networks, the group's ransomware operators would utilize a variety of tactics, including compromised credentials and newly fixed security flaws in SonicWall products (e.g., CVE-2021-20016, CVE-2021-20021, CVE-2021-20022, CVE-2021-2002). 

About HelloKitty 

HelloKity is a ransomware operation created by people operating since November 2020 and was first discovered by the FBI in January 2021. The group is well known for breaking into and encrypting CD Projekt Red's networks and claiming to have stolen the source code for Cyberpunk 2077, Witcher 3, Gwent, and other games in February. 

The ransomware gang has also been seen utilizing a Linux version that targets VMware's ESXi virtual machine infrastructure since at least July 2021. They're just one of several ransomware gangs targeting Linux systems after enterprises switched to virtual machines for more effective resource use and easier device management. Ransomware operators may now encrypt numerous servers concurrently with a single order by targeting their virtual machines, saving time and effort. 

HelloKitty rapidly expanded its activity in July and August, shortly after commencing to use the Linux variant in assaults, as per submissions made by their victims on the ID Ransomware site. The HelloKitty ransomware, or versions of it, has also gone by the names DeathRansom and Fivehands. 

In its advisory, the FBI also included an extensive list of indications of compromise (IOCs) to assist cybersecurity experts and system administrators in preventing attacks organized by the HelloKitty ransomware.
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Spyware
Apple Extortion Scheme iPhone Hacks malware Pegasus Spyware

Pegasus iPhone Hacks Used as Bait in Extortion Scam

 

A new extortion fraud attempts to profit from the recent Pegasus iOS spyware attacks to threaten victims to pay a blackmail demand. 

Last month, Amnesty International and the non-profit project Forbidden Stories disclosed that the Pegasus spyware was installed on completely updated iPhones via a zero-day zero-click iMessage vulnerability. 

A zero-click vulnerability is a flaw that can be exploited on a device without requiring the user's interaction. For instance, a zero-click hack would be a vulnerability that could be exploited just by visiting a website or getting a message. 

Governments are believed to have employed this spyware to eavesdrop on politicians, journalists, human rights activists, and corporate leaders worldwide. This week, a threat actor began contacting users, informing them that their iPhone had been compromised with a zero-click vulnerability that allowed the Pegasus spyware software to be installed. 

According to the fraudster, Pegasus has tracked the recipient's actions and captured recordings of them at "the most private moments" of their lives. According to the email, the threat actor will disseminate the recordings to the recipient's family, friends, and business partners if a 0.035 bitcoin (roughly $1,600) payment is not made. 

The full text of the email stated: 
"Hi there Hello, 
I'm going to share important information with you. 
Have you heard about Pegasus? 
You have become a collateral victim. It's very important that you read the information below. 
Your phone was penetrated with a “zero-click” attack, meaning you didn't even need to click on a malicious link for your phone to be infected. 
Pegasus is a malware that infects iPhones and Android devices and enables operators of the tool to extract messages, photos, and emails, record calls and secretly activate cameras or microphones and read the contents of encrypted messaging apps such as WhatsApp, Facebook, Telegram, and Signal.
Basically, it can spy on every aspect of your life. That's precisely what it did. I am a blackhat hacker and do this for a living. Unfortunately, you are my victim. Please read on. 
As you understand, I have used the malware capabilities to spy on you and harvested datas of your private life.
My only goal is to make money and I have perfect leverage for this. As you can imagine in your worst dream, I have videos of you exposed during the most private moments of your life when you are not expecting it. 
I personally have no interest in them, but there are public websites that have perverts loving that content. 
As I said, I only do this to make money and not trying to destroy your life. But if necessary, I will publish the videos. If this is not enough for you, I will make sure your contacts, friends, business associates and everybody you know sees those videos as well. 
Here is the deal. I will delete the files after I receive 0.035 Bitcoin (about 1600 US Dollars). You need to send that amount here bc1q7g8ny0p95pkuag0gay2lyl3m0emk65v5ug9uy7 
I will also clear your device from malware, and you keep living your life. Otherwise, shit will happen. The fee is non-negotiable, to be transferred within 2 business days. 
Obviously do not try to ask for any help from anybody unless you want your privacy to be violated. 
I will monitor your every move until I get paid. If you keep your end of the agreement, you won't hear from me ever again. 
Take care." 

Apparently, the bitcoin address indicated in the sample email seen by BleepingComputer has not received any payments. However, other bitcoin addresses might be utilized in this fraud. One may believe that no one would fall for this swindle, yet similar methods in the past have fetched over $50,000 in a week.
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