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Today, the LockBit ransomware is the most active and successful cybercrime organization in the world. Attributed to a Russian Threat Actor, LockBit has stepped out from the shadows of the Conti ransomware group, who were disbanded in early 2022. LockBit ransomware was first discovered in September 2019 and was previously known as ABCD ransomware because of the ".abcd virus" extension first observed. LockBit operates as a Ransomware-as-a-service (RaaS) model. In short, this means that affiliates make a deposit to use the tool, then split the ransom payment with the LockBit group. It has been reported that some affiliates are receiving a share as high of 75%. LockBit's operators have posted advertisements for their affiliate program on Russian-language criminal forums stating they will not operate in Russia or any CIS countries, nor will they work with English-speaking developers unless a Russian-speaking "guarantor" vouches for them.  Initial attack vectors of

The  Hive  ransomware-as-a-service (RaaS) group has claimed responsibility for a cyber attack against Tata Power that was disclosed by the company less than two weeks ago. The incident is said to have occurred on October 3, 2022. The threat actor has also been observed leaking stolen data exfiltrated prior to encrypting the network as part of its double extortion scheme. This allegedly comprises signed client contracts, agreement documents, as well as other sensitive information such as emails, addresses, phone numbers, passport numbers, taxpayer data, among others. The Mumbai-based firm, which is India's largest integrated power company, is part of the Tata Group conglomerate. Tata Power had previously  disclosed  in a filing with the National Stock Exchange (NSE) of India that an intrusion on the company's IT infrastructure impacted "some of its IT systems." According to  further details  shared by security researcher Rakesh Krishnan, the leak contains person

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The operators of the Hive ransomware-as-a-service (RaaS) scheme have overhauled their file-encrypting software to fully migrate to Rust and adopt a more sophisticated encryption method. "With its latest variant carrying several major upgrades, Hive also proves it's one of the fastest evolving ransomware families, exemplifying the continuously changing ransomware ecosystem," Microsoft Threat Intelligence Center (MSTIC)  said  in a report on Tuesday. Hive , which was first observed in June 2021, has emerged as one of the most prolific RaaS groups,  accounting  for 17 attacks in the month of May 2022 alone, alongside  Black Basta and Conti . The shift from GoLang to Rust makes Hive the second ransomware strain after  BlackCat  to be written in the programming language, enabling the malware to gain additional benefits such as memory safety and deeper control over low-level resources as well as make use of a wide range of cryptographic libraries. What it also affords is

Cybercrime has continued to evolve and today exists in a highly organised form. Cybercrime has increasingly been commercialised, and itself become big business by renting out an expanded range of hacking tools and technologies, from exploit kits to ransomware, to help anyone build threats and launch attacks. In past few years, we have witnessed the increase in the popularity of malware-as-a-service (MaaS), which is today a prosperous business on the underground black market that offers an array of services, including ransomware-as-a-service , DDoS-as-a-service , phishing-as-a-service, and much more. Two such services have recently been spotted by two separate group of researchers, which we have detailed in this article. Ovidiy Stealer — $7 Password-Stealing Malware For Everyone A new credential stealing malware that targets primarily web browsers is being marketed at Russian-speaking web forums for as cheap as $7, allowing anyone with even little technical knowledge to h