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Clop Ransomware | Breaking Cybersecurity News | The Hacker News

Linux Variant of Clop Ransomware Spotted, But Uses Faulty Encryption Algorithm

Linux Variant of Clop Ransomware Spotted, But Uses Faulty Encryption Algorithm

Feb 07, 2023 Encryption / Linux
The first-ever Linux variant of the Clop ransomware has been detected in the wild, but with a faulty encryption algorithm that has made it possible to reverse engineer the process. "The ELF executable contains a flawed encryption algorithm making it possible to decrypt locked files without paying the ransom," SentinelOne researcher Antonis Terefos  said  in a report shared with The Hacker News. The cybersecurity firm, which has made available a decryptor , said it observed the ELF version on December 26, 2022, while also noting its similarities to the Windows flavor when it comes using the same encryption method. The detected sample is said to be part of a larger attack targeting educational institutions in Colombia, including La Salle University, around the same time. The university was added to the criminal group's leak site in early January 2023, per  FalconFeedsio . Known to have been active since 2019, the Clop (stylized as Cl0p) ransomware operation  suffered
Clop Gang Partners Laundered $500 Million in Ransomware Payments

Clop Gang Partners Laundered $500 Million in Ransomware Payments

Jun 25, 2021
The cybercrime ring that was apprehended last week in connection with Clop (aka Cl0p) ransomware attacks against dozens of companies in the last few months helped launder money totaling $500 million for several malicious actors through a plethora of illegal activities. "The group — also known as FANCYCAT — has been running multiple criminal activities: distributing cyber attacks; operating a high-risk exchanger; and laundering money from dark web operations and high-profile cyber attacks such as Cl0p and Petya ransomware," popular cryptocurrency exchange Binance  said  Thursday. On June 16, the Ukraine Cyber Police  nabbed six individuals  in the city of Kyiv, describing the arrests as resulting from an international operation involving law enforcement authorities from Korea, the U.S., and Interpol. While the bust was seen as a major blow to the operations of the Clop gang, the hackers published earlier this week a fresh batch of confidential employee records stolen from
How to Achieve the Best Risk-Based Alerting (Bye-Bye SIEM)

How to Achieve the Best Risk-Based Alerting (Bye-Bye SIEM)

Feb 19, 2024Network Detection and Response
Did you know that Network Detection and Response (NDR) has become the most effective technology to detect cyber threats? In contrast to SIEM, NDR offers adaptive cybersecurity with reduced false alerts and efficient threat response. Are you aware of  Network Detection and Response (NDR)  and how it's become the most effective technology to detect cyber threats?  NDR massively upgrades your security through risk-based alerting, prioritizing alerts based on the potential risk to your organization's systems and data. How? Well, NDR's real-time analysis, machine learning, and threat intelligence provide immediate detection, reducing alert fatigue and enabling better decision-making. In contrast to SIEM, NDR offers adaptive cybersecurity with reduced false positives and efficient threat response. Why Use Risk-Based Alerting? Risk-based alerting is an approach where security alerts and responses are prioritized based on the level of risk they pose to an organization's system
Ukraine Police Arrest Cyber Criminals Behind Clop Ransomware Attacks

Ukraine Police Arrest Cyber Criminals Behind Clop Ransomware Attacks

Jun 16, 2021
Ukrainian law enforcement officials on Wednesday announced the arrest of the  Clop ransomware  gang, adding it disrupted the infrastructure employed in attacks targeting victims worldwide since at least 2019. As part of an international operation between the National Police of Ukraine and authorities from Interpol, Korea, and the U.S., six defendants have been accused of running a double extortion scheme wherein victims refusing to pay a ransom were threatened with the leak of sensitive financial, customer, or personal data stolen from them prior to encrypting the files. The ransomware attacks amount to $500 million in monetary damages, the National Police  said , noting that "law enforcement has managed to shut down the infrastructure from which the virus spreads and block channels for legalizing criminally acquired cryptocurrencies." Police officials are said to have conducted 21 searches in the Ukrainian capital of Kyiv, including the homes of the defendants, resulti
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Are You Vulnerable to Third-Party Breaches Through Interconnected SaaS Apps?

websiteWing SecuritySaaS Security / Risk Management
Protect against cascading risks by identifying and mitigating app2app and third-party SaaS vulnerabilities.
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