ransomware-as-a-service | Breaking Cybersecurity News | The Hacker News

Services offered by an obscure Iranian company known as Cloudzy are being leveraged by multiple threat actors, including cybercrime groups and nation-state crews. "Although Cloudzy is incorporated in the United States, it almost certainly operates out of Tehran, Iran – in possible violation of U.S. sanctions – under the direction of someone going by the name  Hassan Nozari ," Halcyon  said  in a new report published Tuesday. The Texas-based cybersecurity firm said the company acts as a command-and-control provider (C2P), which provides attackers with Remote Desktop Protocol (RDP) virtual private servers and other anonymized services that ransomware affiliates and others use to pull off the cybercriminal endeavors. "[C2Ps] enjoy a liability loophole that does not require them to ensure that the infrastructure they provide is not being used for illegal operations," Halcyon said in a statement shared with The Hacker News. The ransomware-as-a-service (RaaS) busine

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

It comes as no surprise that today's cyber threats are orders of magnitude more complex than those of the past. And the ever-evolving tactics that attackers use demand the adoption of better, more holistic and consolidated ways to meet this non-stop challenge. Security teams constantly look for ways to reduce risk while improving security posture, but many approaches offer piecemeal solutions – zeroing in on one particular element of the evolving threat landscape challenge – missing the forest for the trees.  In the last few years, Exposure Management has become known as a comprehensive way of reigning in the chaos, giving organizations a true fighting chance to reduce risk and improve posture. In this article I'll cover what Exposure Management is, how it stacks up against some alternative approaches and why building an Exposure Management program should be on  your 2024 to-do list. What is Exposure Management?  Exposure Management is the systematic identification, evaluation,

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

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