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FIN7 cybercrime gang creates fake cybersecurity firm to recruit pentesters for ransomware attacks

Security Affairs

FIN7 hacking group created fake cybersecurity companies to hire experts and involve them in ransomware attacks tricking them of conducting a pentest. The FIN7 hacking group is attempting to enter in the ransomware business and is doing it with an interesting technique.

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FBI and CISA published a new advisory on AvosLocker ransomware

Security Affairs

FBI and CISA published a joint Cybersecurity Advisory (CSA) to disseminate IOCs, TTPs, and detection methods associated with AvosLocker ransomware. The joint Cybersecurity Advisory (CSA) is part of an ongoing #StopRansomware effort aimed at sharing technical details associated with various ransomware operations.

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Florence, Ala. Hit By Ransomware 12 Days After Being Alerted by KrebsOnSecurity

Krebs on Security

that their information technology systems had been infiltrated by hackers who specialize in deploying ransomware. Nevertheless, on Friday, June 5, the intruders sprang their attack, deploying ransomware and demanding nearly $300,000 worth of bitcoin. The average ransomware payment by ransomware strain.

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Russian-speaking cybercrime evolution: What changed from 2016 to 2021

SecureList

Having been in the field for so long, we have witnessed some major changes in the cybercrime world’s modus operandi. This report shares our insights into the Russian-speaking cybercrime world and the changes in how it operates that have happened in the past five years.

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A Closer Look at the Snatch Data Ransom Group

Krebs on Security

Earlier this week, KrebsOnSecurity revealed that the darknet website for the Snatch ransomware group was leaking data about its users and the crime gang’s internal operations. It continues: “Prior to deploying the ransomware, Snatch threat actors were observed spending up to three months on a victim’s system.

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REvil Ransom Arrest, $6M Seizure, and $10M Reward

Krebs on Security

Department of Justice today announced the arrest of Ukrainian man accused of deploying ransomware on behalf of the REvil ransomware gang, a Russian-speaking cybercriminal collective that has extorted hundreds of millions from victim organizations. The DOJ also said it had seized $6.1 Vasinskyi was arrested Oct. 3 was Lublin, Poland.

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City of Dallas has set a budget of $8.5 million to mitigate the May Royal ransomware attack

Security Affairs

The City of Dallas revealed that the Royal ransomware gang that hit the city system in May used a stolen account. In May 2023, a ransomware attack hit the IT systems at the City of Dallas , Texas. To prevent the threat from spreading within the network, the City shut down the impacted IT systems.