With the new RansomHub ransom gang becoming very active in the last couple of months, security researchers have come to believe that the ransomware-as-a-service evolved from the Knight ransomware project. Analysts have found multiple similarities between the two – the list is included in a Bleeping Computer article.
Darren Williams, CEO and Founder, BlackFog:
“The spawning of new ransomware gangs from older ones is not unusual, and we have seen this regularly over the last several years as they continue to share and leverage multiple variants at the same time. The simple fact is the risks associated with cybercrime are so low that its significantly less dangerous than any other form of crime, especially when you consider that most originate in China and Russia where law enforcement is not cooperative. The focus of organizations needs to be on both defensive and preventative strategies to protect all digital assets from the inside. Focusing on data exfiltration to prevent a data breach and loss of data is a good first step that many organizations fail to recognize in their security posture.”
The risk that ransomware gangs face need to be increased. Otherwise there is zero deterrent in terms of them launching attacks on companies. Hopefully countries around the world get the message so that these gangs disappear out of fear of the consequences of their actions.
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This entry was posted on June 5, 2024 at 2:18 pm and is filed under Commentary with tags Hacked. You can follow any responses to this entry through the RSS 2.0 feed.
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RansomHub May Have Possibly Evolved From The Knight Ransomware Project
With the new RansomHub ransom gang becoming very active in the last couple of months, security researchers have come to believe that the ransomware-as-a-service evolved from the Knight ransomware project. Analysts have found multiple similarities between the two – the list is included in a Bleeping Computer article.
Darren Williams, CEO and Founder, BlackFog:
“The spawning of new ransomware gangs from older ones is not unusual, and we have seen this regularly over the last several years as they continue to share and leverage multiple variants at the same time. The simple fact is the risks associated with cybercrime are so low that its significantly less dangerous than any other form of crime, especially when you consider that most originate in China and Russia where law enforcement is not cooperative. The focus of organizations needs to be on both defensive and preventative strategies to protect all digital assets from the inside. Focusing on data exfiltration to prevent a data breach and loss of data is a good first step that many organizations fail to recognize in their security posture.”
The risk that ransomware gangs face need to be increased. Otherwise there is zero deterrent in terms of them launching attacks on companies. Hopefully countries around the world get the message so that these gangs disappear out of fear of the consequences of their actions.
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This entry was posted on June 5, 2024 at 2:18 pm and is filed under Commentary with tags Hacked. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.