Contrary to the popular notion that ransomware hackers are sophisticated launderers of their stolen money, research shows they use straightforward mechanisms to transfer their bitcoin - allowing researchers to follow their money trail. Only a small number of them transacted with a crypto mixer.
Former members of the defunct Conti ransomware group are continuing to ply their trade under a variety of other guises, including Royal and Black Basta. Thanks to their agile and innovative approaches, post-Conti operations are "stronger than ever," one ransomware expert reports.
In the latest update, four editors at Information Security Media Group discuss the intriguing insights exposed by the leak of ransomware gang Conti's internal communications, the U.S. Treasury's first-ever sanctions on a cryptocurrency mixer and the latest cyber activity in Russia's hybrid war.
The gang behind the Conti ransomware variant has posted data to its darknet website that it says it stole during a ransomware attack on industrial IoT chipmaker Advantech last month. The company reportedly confirmed the attack on Monday.
The U.S. Department of State is offering rewards of up to $10 million for information that leads to the identification or location of any individual who holds a key leadership position in the Conti ransomware variant transnational organized crime group.
Some patched on-premises Microsoft Exchange email servers are still proving to be vulnerable. The Conti ransomware group is now leveraging backdoors that persist, cybersecurity consulting firm Pondurance reports.
The Conti ransomware gang has claimed responsibility for the March 31 cyberattack on German wind turbine manufacturer Nordex, which was forced to turn off its IT systems at multiple locations across several business units. The Russia-linked threat group has added Nordex as a victim on its leak site.
A Ukrainian cybersecurity researcher has released a huge batch of data that came from the internal systems of the Conti ransomware gang. The researcher released the data after the notorious ransomware gang expressed support for Russia after its invasion of Ukraine.
Whether for profit or in furtherance of Russian geopolitical interests - or both - former members of the Conti ransomware group have been targeting networks operated by the Ukrainian government and businesses, as well as European nonprofit organizations, Google's Threat Analysis Group reports.