Two prolific ransomware gangs have breached cosmetics giant Estee Lauder at the same time and stolen information in an apparent MOVEit data breach and a confirmed cyber intrusion.
Authorities in the U.S. and Australia have warned that the BianLian ransomware gang has abandoned the double extortion model for purely data extortion attacks. More groups are likely to follow suit and forego the hassle of developing and managing the encryption and decryption process in favor of a less complicated attack,
Google says initial access broker Exotic Lily targeted at least 650 organizations with about 5,000 phishing emails per day to obtain credentials for selling to ransomware gangs.
Ransomware gangs search for non-public financial information that could affect stock prices during mergers and acquisitions and threaten to publish it to coerce the victim to pay.
The Ragnarok ransomware gang has scrubbed its public presence from the dark web, leaving behind a master decryptor key at the "leak site" it used to blackmail its victims.
Report found that Russian intelligence agencies FSB and SVR collaborated with ransomware gangs to compromise US government-affiliated organizations using cybercriminals tools and infrastructure.
