The Week in Ransomware - July 28th 2023 - New extortion tactics
With ransom payments declining, ransomware gangs are evolving their extortion tactics to utilize new methods to pressure victims. [...]
Stay updated on cyber extortion trends: threats, prevention tips, and incident responses. Protect your data with the latest info on digital ransom tactics.
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Background for this topic.
Extortion is coercion through threats: an attacker demands money or another concession while threatening harm if the victim refuses. In cybersecurity, this commonly involves encrypting systems and demanding payment for recovery, stealing data and threatening to publish it (often called double extortion), or threatening service disruption. The threatened harm may be real, exaggerated, or based on data the attacker did not actually obtain; payment does not guarantee data deletion, secrecy, or restoration.
Security teams should treat an extortion demand as a potential incident: preserve evidence, isolate affected systems, determine whether data was accessed, and involve legal and privacy specialists where notification or regulatory duties may apply. Offline, tested backups can reduce leverage from encryption, but they do not address stolen information. Reviewing exposed remote services, credentials, and unpatched internet-facing systems can help contain the access path, while threat intelligence may help assess the attacker’s claims and identify related activity.
With ransom payments declining, ransomware gangs are evolving their extortion tactics to utilize new methods to pressure victims. [...]
The ALPHV ransomware gang, also referred to as BlackCat, is trying to put more pressure on their victims to pay a ransom by providing an API for their leak site to increase visibility for their attacks. [...]
The Clop ransomware gang is copying an ALPHV ransomware gang extortion tactic by creating Internet-accessible websites dedicated to specific victims, making it easier to leak stolen data and further pressuring victims into paying a ransom. [...]