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Black Basta Ransomware | Breaking Cybersecurity News | The Hacker News

Free Decryptor Released for Black Basta and Babuk's Tortilla Ransomware Victims

Free Decryptor Released for Black Basta and Babuk's Tortilla Ransomware Victims

Jan 10, 2024 Ransomware / Data Security
A decryptor for the Tortilla variant of the Babuk ransomware has been  released  by Cisco Talos, allowing victims targeted by the malware to regain access to their files. The cybersecurity firm said the threat intelligence it shared with Dutch law enforcement authorities made it possible to arrest the threat actor behind the operations. The encryption key has also been shared with Avast, which had previously  released a decryptor  for Babuk ransomware after its  source code was leaked  in September 2021. The updated decryptor can be accessed  here  [EXE file]. "A single private key is used for all victims of the Tortilla threat actor," Avast  noted . "This makes the update to the decryptor especially useful, as all victims of the campaign can use it to decrypt their files." The Tortilla campaign was  first disclosed  by Talos in November 2021, with the attacks leveraging  ProxyShell flaws in Microsoft Exchange servers  to drop the ransomware within victim environments. Tortilla
Researchers Find Links b/w Black Basta Ransomware and FIN7 Hackers

Researchers Find Links b/w Black Basta Ransomware and FIN7 Hackers

Nov 03, 2022
A new analysis of tools put to use by the Black Basta ransomware operation has identified ties between the threat actor and the  FIN7  (aka Carbanak) group. This link "could suggest either that Black Basta and FIN7 maintain a special relationship or that one or more individuals belong to both groups," cybersecurity firm SentinelOne  said  in a technical write-up shared with The Hacker News. Black Basta, which  emerged  earlier this year, has been attributed to a ransomware spree that has claimed over 90 organizations as of September 2022, suggesting that the adversary is both well-organized and well-resourced. One notable aspect that makes the group stand out, per SentinelOne, is the fact that there have been no signs of its operators attempting to recruit affiliates or advertising the malware as a RaaS on darknet forums or crimeware marketplaces. This has raised the possibility that the Black Basta developers either cut out affiliates from the chain and deploy the ranso
Cybersecurity Tactics FinServ Institutions Can Bank On in 2024

Cybersecurity Tactics FinServ Institutions Can Bank On in 2024

Feb 14, 2024Financial Security / Cyber Threats
The landscape of cybersecurity in financial services is undergoing a rapid transformation. Cybercriminals are exploiting advanced technologies and methodologies, making traditional security measures obsolete. The challenges are compounded for community banks that must safeguard sensitive financial data against the same level of sophisticated threats as larger institutions, but often with more limited resources. The FinServ Threat Landscape Recent trends show an alarming increase in sophisticated cyber-attacks. Cybercriminals now deploy advanced techniques like deep fake technology and AI-powered attacks, making it increasingly difficult for banks to differentiate between legitimate and malicious activities. These developments necessitate a shift towards more sophisticated and adaptive cybersecurity measures. Take these industry statistics, for example. Financial firms report 703 cyberattack attempts per week.1 On average, 270 attacks (entailing unauthorized access of data, appl
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