Ransomware plagues financial institutions as they face increasingly complex threats over previous years owing to the changing behavior of cybercriminal cartels, according to VMware’s latest Modern Bank Heists report. This has happened as the cybercrime cartels have evolved beyond wire transfer frauds to target market strategies, take over brokerage accounts, and island-hop into banks, according […]
Posts Tagged ‘Cybercriminals’
Conti, the infamous ransomware created by a group of Russian and Eastern European cybercriminals, has again made headlines after a hacking group used its leaked source code to create another variant of the ransomware and target Russian businesses. The hacking group calls itself Network Battalion ’65 (@xxNB65), and it is highly motivated by Russia’s invasion […]
Category Cyber-crimeMalware
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07
Apr
2022
The BlackCat ransomware group, which operates under a ransomware-as-a-service (RaaS) model, emerged in November 2021 and it has since targeted organizations worldwide, including many in the United States. Several cybersecurity firms have found links between BlackCat and the BlackMatter and DarkSide ransomware operations. It appears that the BlackCat team consists of various RaaS group affiliates, […]
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