US Companies Hit With A New Ransomware Campaign

Large US businesses and other organisations are under sustained attack and are faced with the risk of enormous ransom demands for unlocking encryped and stolen data. The hacking group known as Evil Corp. has hit at least 31 organisations in cyber attack to date (over twenty of these are US organisations, several of them Fortune 500 companies) were attacked  a dangerous new strain of ransomware called WastedLocker.

Ransomware attacks continue to rise, and organisations that pay the hackers in hopes of unlocking their files often find themselves both out of luck and victims of future attacks, according to a Report from security firm SentinelOne.

Ransomware is designed to completely encrypt a victim’s file system, potentially causing an irreversible loss of data. Second, an increasing number of cyber-criminals are utilising ransomware to extract money out of victims. Evil Corp were previously associated to the Dridex malware and BitPaymer ransomware, the latter came to prominence in the first half of 2017. Recently Evil Corp has changed a number of TTPs related to their operations.

Had the attacks succeeded, they could have resulted in millions of dollars in damages to the organisations and potentially had a major impact on supply chains in the US,according to the experts at Symantec. Among those affected were five organisations in the manufacturing sector, four IT companies, and three media and telecommunications firms.

Organisations in multiple other sectors, including energy, transportation, financial services, and healthcare, were also affected. In each instance, the attackers managed to breach the networks of the targeted organisations and were preparing to deploy the ransomware when they were detected and stopped.

Symantec described the attacks as being carried out by Evil Corp., a Russian cybercrime group that has been previously associated with the Dridex banking Trojan and the BitPayment ransomware family. Last December, US authorities indicted two members associated with the group, Maksim Yakubets and Igor Turashev, in connection with their operation of Dridex and the Zeus banking Trojans.

The two, along with other conspirators, are alleged to have attempted theft of a staggering $220 million and caused $70 million in actual damages. The US Department of State's Transnational Organised Crime (TOC) Rewards Program has established an unprecedented $5 million bounty for information on Yakubets. Both men remain at large.

Dangerous Campaign

The NCC Group, which published a report on the WastedLocker campaign, said its investigations showed the ransomware has been in use at least since May and was likely in development several months before that. Evil Corp. has typically targeted file servers, database services, virtual machines, and cloud environments in its ransomware campaigns. They have also shown a tendency to disrupt or disable backup systems and related infrastructure where possible to make recovery even harder for victims.

Symantec said its investigation shows the attackers are using a JavaScript-based malware  to gain an initial foothold on victim networks. The malware is being distributed in the form of a zipped file via at least 150 legitimate, but previously compromised, websites and malware masquerades as a browser update and lays the groundwork for the computer to be profiled. The attackers then use PowerShell to download and execute a loader for Cobalt Strike Beacon, a penetration-testing tool that attackers often use in malicious campaigns.

The tool is being used to execute commands, inject malicious code into processes or to impersonate them, download files, and carry out other various tasks that allow the attackers to escalate privileges and gain control of the infected system.

As with many current malicious campaigns, the attackers behind WastedLocker have been leveraging legitimate processes and functions, including PowerShell scripts and the Windows Management Instrumentation Command Line Utility (wmic dot exe) in their campaign, Symantec said.

To deploy the ransomware itself, the attackers have been using the Windows Sysinternals tool PsExec to launch a legitimate command line tool for managing Windows Defender (mpcmdrun.exe). This disables scanning of all downloaded files and attachments and disables real-time monitoring, Symantec said. "It is possible that the attackers use more than one technique to perform this task, since NCC reported suspected use of a tool called SecTool checker for this purpose," Symantec said.

The ransomware deploys after Windows Defender and all associated services have been stopped across the organisation, the vendor noted. "A successful attack could cripple the victim's network, leading to significant disruption to their operations and a costly clean-up operation," Symantec warned.

Given the whole purpose of ransomware is to extract money from victims, total loss values are causing the  insurance industry  to become increasingly alarmed. 

According to some sources ransomware grew 56 percent in the past four quarters. Unfortunately, ransomware isn’t going anywhere fast. Cyber-criminals have learned just how lucrative encrypting data can be. Other forms of security threats still exist, data breaches in particular, but criminals who want to extract an easy buck are regularly turning to readily-available ransomware packages.

Symnatec:      Bloomberg:      Dark Reading:     NCC Group:        Heatth IT Security:      TechRepublic:     SentinelOne:   

You Might Also Read:

Hackers Extort $1.14m From University of California:

 

« Cyber Security Technology To Protect Autonomous Vehicles
Attacks On Financial Services Are Increasingly Sophisticated »

Directory of Suppliers

IT Governance

IT Governance

IT Governance is a leading global provider of information security solutions. Download our free guide and find out how ISO 27001 can help protect your organisation's information.

Jooble

Jooble

Jooble is a job search aggregator operating in 71 countries worldwide. We simplify the job search process by displaying active job ads from major job boards and career sites across the internet.

Clayden Law

Clayden Law

Clayden Law are experts in information technology, data privacy and cybersecurity law.

BackupVault

BackupVault

BackupVault is a leading provider of completely automatic, fully encrypted online, cloud backup.

XYPRO Technology

XYPRO Technology

XYPRO is the market leader in HPE Non-Stop Security, Risk Management and Compliance.

Authentic8

Authentic8

Authentic8 transforms how organizations secure and control the use of the web with Silo, its patented cloud browser.

MIRACL

MIRACL

MIRACL provides the world’s only single step Multi-Factor Authentication (MFA) which can replace passwords on 100% of mobiles, desktops or even Smart TVs.

WEBINAR: How to improve threat detection and hunting in the AWS Cloud

WEBINAR: How to improve threat detection and hunting in the AWS Cloud

Thursday, August 20, 2020 - Join SANS and AWS Marketplace to learn the exercise of applying MITRE’s ATT&CK Matrix to the AWS Cloud and how to enhance threat detection and hunting in an AWS environment

Practice Labs

Practice Labs

Practice Labs is an IT competency hub, where live-lab environments give access to real equipment for hands-on practice of essential cybersecurity skills.

Security Affairs

Security Affairs

Security Affairs is a blog covering all aspects of cyber security.

GlobalSign

GlobalSign

GlobalSign is an identity services company providing cloud-based, PKI solutions for enterprises needing to conduct safe commerce, communications, content delivery and community interactions.

Capita IT & Networks

Capita IT & Networks

Capita IT and Networks is one of the largest IT providers in the UK, providing critical digital, cloud and infrastructure services to over 3,500 organisations.

National Cyber Security Centre Netherlands (NCSC-NL)

National Cyber Security Centre Netherlands (NCSC-NL)

The NCSC coordinates enhancing the cyber resilience of the Netherlands in the digital domain.

Infortec

Infortec

Infortec provide consultancy and solutions for the protection of digital information and the management of computer resources.

Cybelius

Cybelius

Cybelius is an industrial cybersecurity solutions provider, designed to ensure the operational continuity of SCADA and ICS networks for Critical Infrastructure and Manufacturers.

Data Protection People

Data Protection People

Data Protection People are specialists in Data Privacy, Governance, and Information Security.

Rizikon Assurance

Rizikon Assurance

Rizikon Assurance is an Online System that improves Third-Party Assurance and Risk Management, through efficiency, automation and better visibility.

Mindsight

Mindsight

Mindsight is a technology consulting firm with expertise from cybersecurity to cloud, disaster recovery to infrastructure, and collaboration to contact center.