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via REUTERS By Clare Duffy, CNN Business Businesses and governments around the world are scrambling to understand yet another major ransomware attack that hit over the weekend, which could potentially cost tens of millions of dollars and affect more than 1,000 other companies. Hackers hit a range of IT management companies and compromised their corporate clients by targeting a key software vendor called Kaseya. On Monday, the attackers requested a $70 million payment in bitcoin in exchange for a decryption tool that could help victims recover from the attack. Given that the attack hit just be...

They patronize hacking forums to recruit affiliates, advertise profit-sharing schemes and provide interviews on their techniques.

REvil, the Russian-linked hacker group the FBI said is responsible for the cyberattack on JBS SA, the largest meat producer in the world, has emerged as one of the most prolific — and public — ransomware groups in recent years. The hackers, also known as Sodinokibi, have been at the forefront of the ransomware-as-a-service model of cyberattacks since the group first came to prominence as a security threat in 2019. In this model, hacker groups provide malware for others to use in an attack in exchange for a cut of the ransom payments. In order to recruit talent, REvil deposited $1 million...

REvil, the Russian-linked hacker group the FBI said is responsible for the cyberattack on JBS SA, the largest meat producer in the world, has emerged as one of the most prolific — and public — ransomware groups in recent years.

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 “this...