Phobos Ransomware Aggressively Targeting U.S. Critical Infrastructure

U.S. cybersecurity and intelligence agencies have warned of Phobos ransomware attacks targeting government and critical infrastructure entities, outlining the various tactics and techniques the threat actors have adopted to deploy the file-encrypting malware. "Structured as a ransomware as a...

Understanding Ransomware Threat Actors: LockBit

SUMMARY In 2022, LockBit was the most deployed ransomware variant across the world and continues to be prolific in 2023. Since January 2020, affiliates using LockBit have attacked organizations of varying sizes across an array of critical infrastructure sectors, including financial services, food...

U.S. Offers $10 Million Bounty for Capture of Notorious Russian Ransomware Operator

A Russian national has been charged and indicted by the U.S. Department of Justice DoJ for launching ransomware attacks against "thousands of victims" in the country and across the world. Mikhail Pavlovich Matveev aka Wazawaka, m1x, Boriselcin, and Uhodiransomwar, the 30-year-old individual in...

What is ransomware-as-a-service and how is it evolving?

Ransomware attacks are becoming more frequent and costlier--breaches caused by ransomware grew 41 percent in the last year, the average cost of a destructive attack rising to $5.12 milllion. Whats more, a good chunk of the cyber criminals doing these attacks operate on a ransomware-as-a-service...

BlackCat Ransomware Gang Targeting Unpatched Microsoft Exchange Servers

Microsoft is warning that the BlackCat ransomware crew is leveraging exploits for unpatched Exchange server vulnerabilities to gain access to targeted networks. Upon gaining an entry point, the attackers swiftly moved to gather information about the compromised machines, followed by carrying out...

IT Giant Accenture Hit by LockBit Ransomware; Hackers Threaten to Leak Data

Global IT consultancy giant Accenture has become the latest company to be hit by the LockBit ransomware gang, according to a post made by the operators on their dark web portal, likely filling a void left in the wake of DarkSide and REvil shutdown. "These people are beyond privacy and security. I...