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A new analysis of The Gentlemen operation has revealed that the financially motivated threat group initially operated as an affiliate responsible for conducting double extortion attacks, while leveraging resources from various ransomware-as-a-service (RaaS) schemes like LockBit (aka Tenacious Mantis), Qilin (aka Pestilent Mantis), and Medusa (aka Venomous Mantis)

Bank Info Security 1 year, 10 months ago

NoName Apparently Allies With RansomHub Operation

NoName Specializes in Long-Tail ExploitsUp-and-coming online criminal extortion group RansomHub appears to have a new affiliate - NoName, a midtier actor whose main claim to fame so far has been impersonating the LockBit ransomware-as-a-service operation. NoName is known for exploiting years-old vulnerabilities.

Bank Info Security 2 years, 4 months ago

Post-LockBit, How Will the Ransomware Ecosystem Evolve?

With Over $1 Billion in Annual Proceeds, Don't Expect Attackers to Give Up the LifeOnce the dust settles on the LockBit disruption, what will be the state of ransomware? Expect attackers to continue refining their tactics for maximizing profits via a grab bag of complementary strategies, including crypto-locking shakedowns and data-theft extortion.

Blame it on the affiliate Notorious ransomware gang LockBit "formally apologized" for an extortion attack against Canada's largest children's hospital that the criminals blamed on a now-blocked affiliate group, and said it published a free decryptor for the victim to recover the files.…