Medusa Ransomware Hits 40+ Victims in 2025, Demands $100K–$15M Ransom
Mar 06, 2025
Threat Intelligence / Vulnerability
The threat actors behind the Medusa ransomware have claimed nearly 400 victims since it first emerged in January 2023, with the financially motivated attacks witnessing a 42% increase between 2023 and 2024. In the first two months of 2025 alone, the group has claimed over 40 attacks, according to data from the Symantec Threat Hunter Team shared with The Hacker News. The cybersecurity company is tracking the cluster under the name Spearwing. "Like the majority of ransomware operators, Spearwing and its affiliates carry out double extortion attacks, stealing victims' data before encrypting networks in order to increase the pressure on victims to pay a ransom," Symantec noted . "If victims refuse to pay, the group threatens to publish the stolen data on their data leaks site." While other ransomware-as-a-service (RaaS) players like RansomHub (aka Greenbottle and Cyclops), Play (aka Balloonfly), and Qilin (aka Agenda, Stinkbug, and Water Galura) have benefite...