The world s top ransomware gangs have created a cybercrime cartel cbsnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cbsnews.com Daily Mail and Mail on Sunday newspapers.
That is seen by the cyber-security industry as strong evidence that Wizard Spider is a much bigger than the other gangs in the Ransom Cartel, also known as the Maze Cartel, and is split into several teams. Wizard Spider is also unique in global cybercrime in another sense; evidence now beginning to emerge it is the first cyber-gang in the world to have espionage malware. The espionage malware it is using, Sido, seeks to capture information only, there is no financial component.
A report by US cybersecurity firm Analyst1 said the fact Wizard Spider is using Sido is highly unusual as âthis type of tool is typically associated with nation-state attacks geared towards espionageâ.
To embed, copy and paste the code into your website or blog:
Recent ransomware attacks against U.S. critical infrastructure, which includes the energy sector’s production of oil and natural gas, and other sources of electricity and power, have shed a spotlight on the importance of staying updated on sector-specific techniques, tactics and procedures (“TTPs”), and preventative and remediation actions.
This Client Alert will: (1) provide a brief background on the nature and risks of ransomware on critical infrastructure; (2) discuss the current ransomware threat landscape; (3) note legal considerations companies should take into account when determining how to respond to ransomware attacks; (4) discuss recent calls for cybersecurity oversight; (5) provide an overview of recent public ransomware incidents; and (6) set forth potential steps companies can take to mitigate the risks of ransomware.
Did 4 Major Ransomware Groups Truly Form a Cartel?
An analysis of well-known extortion groups and their cryptocurrency transactions reveals the answer.
A collection of ransomware groups that banded together to create a cartel rarely collaborate and don t share profits, suggesting that concerns over a sprawling cybercriminal organization are overblown, according to Analyst1.
The four cybercriminal groups Twisted Spider, Viking Spider, Wizard Spider, and the Lockbit Gang announced at different times throughout summer 2020 that they would be working together but gave few other details. By November, when Twisted Spider also known as the Maze group closed down, it denied there had ever been a cartel.
Did 4 Major Ransomware Groups Truly Form a Cartel? darkreading.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from darkreading.com Daily Mail and Mail on Sunday newspapers.