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Thursday, July 4, 2024

Volcano Demon Ransomware Group Rings Its Victims To Extort Cash


What’s occurring?

Safety researchers have warned {that a} new ransomware group has taken an uncommon twist on the standard technique of extorting cash from its company victims.

So what’s completely different this time?

Whereas many ransomware assaults see an organization’s firm’s information exfiltrated by attackers, and the risk made that stolen information will likely be bought to different cybercriminals or launched to the general public, the Volcano Demon gang…

Sorry, excuse me? Volcano Demon?

Sure, that is the identify of the ransomware gang. Can I proceed?

Positive. Go forward. What are they doing?

As I used to be saying… the Volcano Demon group does not seem to trouble going to the hassle of making a web site on the darkish net to publish leaked information. As an alternative, it conducts its negotiations with its victims through the cellphone.

Wow. So might I truly find yourself talking to the attackers if I labored at an organization that was struck by a ransomware assault?

Sure, and it is more likely {that a} member of workers outdoors your cybersecurity workforce finds themselves within the prickly place of performing as a negotiator, in contrast to a requirement that arrives through an electronic mail or a ransom notice dropped by the cybercriminals in your compromised community.

Why would a ransomware gang even do that?

I hear you. As ransom negotiation strategies go, it sounds positively old-school to have a dialog over the cellphone. You would possibly anticipate somebody extorting a ransom again within the Nineteen Seventies to make their calls for on a phone name, however not a lot within the digital age the place know-how might help cover a villain’s true identification and site.

Safety researchers at Halcyon, which has reported seeing a minimum of two profitable assaults perpetrated by Volcano Demon within the final week, say that the calls will be threatening in nature and are available from unidentified caller-ID numbers.

So the corporate’s information is encrypted by the ransomware?

Sure, the Volcano Demon ransomware group encrypts information in your firm community with LukaLocker, altering file extensions to .nba.

So they need cash for a decryption key. However do additionally they steal the information?

I am afraid so. Previous to information being encrypted within the assault, it’s exfiltrated out of organisations. Which means that firms will be threatened with the distribution of their information in the event that they refuse to pay up.

How does a ransomware gang phoning you up change issues?

It is simple to think about how a cellphone name will be extra intimidating than an electronic mail message. Media stories point out that the calls demanding the ransom will be “frequent” and that the attackers have a “heavy accent.” At this stage, it has not been attainable to find their nation of origin.

In a standard ransomware scenario, it is often pretty easy for the sufferer to resolve who will have interaction with the attackers and doubtlessly negotiate how a lot of a ransom to pay. Nevertheless, a cellphone name from an attacker might happen at any time of day or evening and could be to any of many attainable phone numbers inside your organisation.

Workers who’re working outdoors of the cybersecurity workforce might unexpectedly discover themselves talking to an attacker. Dealing with conversations of this kind is difficult sufficient for any enterprise; some will even usher in skilled negotiators. However when it may be anybody on the payroll who receives the decision from the extortionist, it is a lot tougher to regulate.

So, you mentioned the cellphone calls will be intimidating and threatening?

Sure. The cybercriminals may have no qualms about making threats to safe their payday. And the ransom notice left by the attackers does not beat across the bush both:

“Your company community has been encrypted. And that’s not all – we studied and downloaded loads of your information.” “If you happen to ignore this incident, we’ll make sure that your confidential information is extensively out there to the general public. We are going to be sure that your shoppers and companions find out about all the things, and assaults will proceed. A few of the information will likely be bought to scammers who will assault your shoppers and workers.”

However will not the authorities be capable to discover out the place the cellphone name has come from?

Though the calls have to date come from unidentified caller-ID numbers, there’s hope that the attackers’ use of cellphone calls slightly than profiting from the darkish net’s anonymity will finally work to the police’s benefit.


Editor’s Observe: The opinions expressed on this visitor creator article are solely these of the contributor and don’t essentially replicate these of Tripwire.



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