Babuk | Breaking Cybersecurity News | The Hacker News

Cybersecurity researchers have shed light on the inner workings of the ransomware operation led by Mikhail Pavlovich Matveev, a Russian national who was  indicted by the U.S. government  earlier this year for his alleged role in launching thousands of attacks across the world. Matveev, who resides in Saint Petersburg and is known by the aliases Wazawaka, m1x, Boriselcin, Uhodiransomwar, Orange, and waza, is alleged to have played a crucial part in the development and deployment of LockBit, Babuk, and Hive ransomware variants since at least June 2020. "Wazawaka and his team members prominently exhibit an insatiable greed for ransom payments, demonstrating a significant disregard for ethical values in their cyber operations," Swiss cybersecurity firm PRODAFT  said  in a comprehensive analysis shared with The Hacker News. "Employing tactics that involve intimidation through threats to leak sensitive files, engaging in dishonest practices, and persisting in retaining fil

The threat actors behind the nascent  Buhti  ransomware have eschewed their custom payload in favor of leaked LockBit and Babuk ransomware families to strike Windows and Linux systems. "While the group doesn't develop its own ransomware, it does utilize what appears to be one custom-developed tool, an information stealer designed to search for and archive specified file types," Symantec  said  in a report shared with The Hacker News. The cybersecurity firm is tracking the cybercrime group under the name  Blacktail . Buhti was first highlighted by Palo Alto Networks Unit 42 in February 2023,  describing  it as a Golang ransomware targeting the Linux platform. Later that same month, Bitdefender revealed the use of a Windows variant that was deployed against Zoho ManageEngine products that were vulnerable to critical remote code execution flaws ( CVE-2022-47966 ). The operators have since been observed swiftly exploiting other severe bugs impacting IBM's Aspera Fasp

As a vCISO, you are responsible for your client's cybersecurity strategy and risk governance. This incorporates multiple disciplines, from research to execution to reporting. Recently, we published a comprehensive playbook for vCISOs, "Your First 100 Days as a vCISO – 5 Steps to Success" , which covers all the phases entailed in launching a successful vCISO engagement, along with recommended actions to take, and step-by-step examples.  Following the success of the playbook and the requests that have come in from the MSP/MSSP community, we decided to drill down into specific parts of vCISO reporting and provide more color and examples. In this article, we focus on how to create compelling narratives within a report, which has a significant impact on the overall MSP/MSSP value proposition.  This article brings the highlights of a recent guided workshop we held, covering what makes a successful report and how it can be used to enhance engagement with your cyber security clients.