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Ransomware, Security News

Average ransom payment up 33 percent in Q1, Sodinokibi and Ryuk top variants

The ever industrious and forward-looking groups behind the majority of ransomware attacks essentially reinvented the business during the first quarter of 2020 developing new tools and methods that helped boost their success rate. The advent of the COVID-19 pandemic certainly helped these cybercriminals by giving them additional avenues to pursue but the new strategies would…
Ransomware, Security News

Jupiter, Fla., fighting REvil/Sodinokibi ransomware and Coronavirus

The town of Jupiter, located in an area of Florida hard hit by Coronavirus, is continuing to recover from a late March ransomware attack. Town officials reported last week that its email, utility payment and planning submissions systems were all down. The attack took place on March 23 with town officials notifying residents two days…
Cybercrime, Finance, Ransomware, Security News

Sodinokibi ransomware ID’d as cause of Travelex business disruptions

The malware that has disrupted foreign exchange finance company Travelex’s ability to conduct digital transactions since New Year’s Eve has been identified as Sodinokibi ransomware. The malicious encryption software, which operates on a Ransomware-as-a-Service model, may have been delivered via unpatched, vulnerable Pulse Secure VPN servers and it is believed that the attackers are now…
Malware, Ransomware, Security News

Report suggests GandCrab’s developers may have created Sodinokibi ransomware

Evidence is reportedly mounting that the recently discovered ransomware program known as Sodinokibi was created by the same developers who introduced GandCrab ransomware. Last month, GandCrab’s developers publicly disclosed that they were retiring after raking in roughly $2 billion in extortion payments. But this announcement may have been misleading at best, according to security researcher…
Cybercrime, Phishing, Ransomware, Security News

Sodinokibi ransomware campaigns span growing array of attack vectors

Since its discovery of Sodinokibi ransomware last April, cybercriminals have reportedly been attempting to infect networks with the malicious encryption program through a growing number of vectors, including supply chain attacks, spam, and malvertisements that redirect victims to an exploit kit. Sodinokibi encrypts data found in the user directory and prevents data recovery by leveraging…
Cybercrime, Malware, Ransomware, Security News, Vulnerabilities

New Sodinokibi ransomware delivered via Oracle WebLogic vulnerability

A remotely exploitable vulnerability in the Oracle WebLogic Server is currently the attack vector of choice for malicious actors to deliver a newly discovered ransomware called Sodinokibi. Sokinokibi encrypts data found in the user directory and leverages the Microsoft Windows vssadmin.exe utility to delete any “shadow copies” (created by default back-up mechanisms) in order to…
NewsML Post

REvil Group Claims Slew of Ransomware Attacks

Threatpost reports that the REvil ransomware threat group, also known as the Sodinokibi ransomware gang, claimed to have compromised a total of nine organizations in the U.S., Europe, Africa and Mexico in the last two weeks. Researchers with eSentire analyzed the group’s claims and stated that the affected organizations included an insurance company, a construction…
NewsML Post

Ransomware gang plans to call victim’s business partners about attacks

The ransomware group known as REvil or Sodinokibi has adopted two new strategies to guarantee success in extorting ransom money from its victims, including conducting DDoS attacks and voice calling victims and their business partners, according to Bleeping Computer. The group in February announced a recruitment drive for hackers with knowledge of these procedures, which…
NewsML Post

Ransomware gangs made at least $350 million in 2020

Blockchain analysis company Chainalysis has released a report stating that ransom payments made last year to ransomware gangs exceeded $350 million, up 311% compared to figures in 2019, according to ZDNet. Chainalysis noted that this estimate was likely lower than the actual value, as many victims chose not to disclose ransomware attacks made against them…