Latest coverage for LAPSUS$

A prolific cybercriminal group that calls itself "Scattered LAPSUS$ Hunters" made headlines regularly this year by stealing data from and publicly mass extorting dozens of major corporations. But the tables seem to have turned somewhat for "Rey," the moniker chosen by the technical operator and public face of the hacker group: Earlier this week, Rey confirmed his real life identity and agreed to an interview after KrebsOnSecurity tracked him down and contacted his father.

KrebsOnSecurity recently reviewed a copy of the private chat messages between members of the LAPSUS$ cybercrime group in the week leading up to the arrest of its most active members last month. The logs show LAPSUS$ breached T-Mobile multiple times in March, stealing source code for a range of company projects. T-Mobile says no customer or government information was stolen in the intrusion. LAPSUS$ is known for stealing data and then demanding a ransom not to publish or sell it. But the leaked chats indicate this mercenary activity was of little interest to the tyrannical teenage leader of LAPSUS$, whose obsession with stealing and leaking proprietary computer source code from the world’s largest tech companies ultimately led to the group’s undoing.

Many organizations are already struggling to combat cybersecurity threats from ransomware purveyors and state-sponsored hacking groups, both of which tend to take days or weeks to pivot from an opportunistic malware infection to a full blown data breach. But few organizations have a playbook for responding to the kinds of virtual "smash and grab" attacks we've seen recently from LAPSUS$, a juvenile data extortion group whose short-lived, low-tech and remarkably effective tactics are putting some of the world's biggest corporations on edge.

Microsoft and identity management platform Okta both disclosed this week breaches involving LAPSUS$, a relatively new cybercrime group that specializes in stealing data from big companies and threatening to publish the information unless a ransom demand is paid. Here's a closer look at LAPSUS$, and some of the low-tech but high-impact methods the group uses to gain access to targeted organizations.