Targeted Ransomware Attacks Are Focusing On Business

More and more cyber criminals are turning their attention from attacks against private users to targeted ransomware attacks against businesses, according to researchers at Kaspersky Lab.

At least eight groups of cyber criminals involved in encryption ransomware development and distribution have been identified.

The attacks have primarily hit financial organisations worldwide. Kaspersky Lab’s experts have encountered cases where payment demands amounted to over half a million dollars.

The eight identified groups include PetrWrap authors, who have attacked financial organizations worldwide, the infamous Mamba group, and six unnamed groups also targeting corporate users.

It is worth noting that these six groups were previously involved in attacks targeting mostly private users and used affiliate program models. Now, they have refocused their efforts on corporate networks. According to Kaspersky Lab’s researchers, the reason for the trend is clear, criminals consider targeted ransomware attacks against businesses potentially more profitable than mass attacks against private users.

A successful ransomware attack against a company can easily stop its business processes for hours or even days, making owners of affected companies more likely to pay the ransom.

In general, the tactics, techniques and procedures used by these groups are very similar. They infect the targeted organisation with malware through vulnerable servers or spear phishing emails.

Then they establish persistence in the victim’s network and identify the valuable corporate resources to encrypt, subsequently demanding a ransom in exchange for decryption. In addition to their similarities, some groups have their own unique features.

For instance, the Mamba group uses its own encryptor malware, based on the open source software DiskCryptor. Once the attackers gain a foothold in the network, they install the encryptor across it, using a legal utility for Windows remote control.

This approach makes the actions less suspicious for security officers of the targeted organization. Kaspersky Lab’s researchers have encountered cases where the ransom amounted up to one bitcoin (around $1,000 to the end of March 2017) per one endpoint decryption.

Another unique example of tools used in targeted ransomware attacks comes from PetrWrap. This group mainly targets major companies that have a large number of network nodes. The criminals carefully select targets for each attack that can last for some time: PetrWrap has been persistent in a network for up to 6 months.

“We should all be aware that the threat of targeted ransomware attacks on businesses is rising, bringing tangible financial losses. The trend is alarming as ransomware actors start their crusade for new and more profitable victims. There are many more potential ransomware targets in the wild, with attacks resulting in even more disastrous consequences,” said Anton Ivanov, Senior Security Researcher, Anti-Ransom, Kaspersky Lab.

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