Power Rankings: Ransomware Malicious Quartile Q4 2023

LockBit

Performance 

• RaaS Platform: LockBit is a RaaS that has been active since 2019 and is highly adept at security tool evasion as well as boasting an extremely fast encryption speed LockBit is noted for multiple means of extortion where the victim may also be asked to pay a ransom for any sensitive information exfiltrated in the attack in addition to paying a ransom for the encryption key LockBit employs publicly available file sharing services and a custom tool dubbed Stealbit for data exfiltration.
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• Attack Volume: LockBit was by far the most active attack group in 2022 and continued to be the leading attack group in the first half of 2023 until overtaken in volume by Cl0p in Q3 Nonetheless, LockBit is by far the most prolific ransomware operation to date, and proved they follow through on threats, having exposed a large amount of exfiltrated Boeing data in Q4–2023.

• Ransom Demands: LockBit has demanded ransoms of $50 million or more and hit the world’s biggest computer chip maker, Taiwan Semiconductor Manufacturing Company (TSMC), with a $70 million ransom demand in July.

• Victims: Boeing, SpaceX, Shakey’s Pizza, Banco De Venezuela, GP Global, Kuwait Ministry of Commerce, MCNA Dental, Bank of Brazilia, Endtrust, Bridgestone Americas, Royal Mail.

Innovation  

• RaaS Platform Development: LockBit continues to innovate their RaaS platform following the release of LockBit 3 0 in June of 2022, and introduced what is considered to be the first iteration of a macOS ransomware variant in April of 2023 The latest versions incorporate advanced anti-analysis features and are a threat to both Windows and Linux systems LockBit 3 0 is modular and configured with multiple execution options that direct the behavior of the ransomware on the affected systems LockBit employs a custom Salsa20 algorithm to encrypt files LockBit takes advantage of remote desktop protocol (RDP) exploitation for most infections, and spreads on the network by way of Group Policy Objects and PsExec using the Server Message Block (SMB) protocol LockBit appears to also still be supporting the older LockBit 2 0 variant from 2021, where the encryptor used is LockBit 2 0 but the victim is named on the LockBit 3 0 leak site In Q4–2023, LockBit operators were observed frequently exploiting the Citrix Bleed vulnerability (CVE 2023-4966).

• ‍Targeted Industries: LockBit tends to target larger enterprises across any industry vertical with the ability to pay high ransom demands, but also have tended to favor Healthcare organizations.
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• ‍Economic Model: LockBit is a very well-run affiliate program and a great reputation amongst the affiliate (attacker) community for the maturity of the platform as well as for offering high payouts of as much as 75% of the ransom proceeds.

Play

Performance 

• RaaS Platform: Play (aka PlayCrypt) is a RaaS that emerged in the summer of 2022 and has been accelerating the pace of attacks in the last half of 2023 to become one of most prolific threat actors in the RaaS space Play is noted for having similarities to the Hive and Nokoyawa ransomware strains Play often compromises unpatched Fortinet SSL VPN vulnerabilities to gain access In Q4–2023, the FBI issued a joint advisory in partnership with CISA asserting the Play gang had compromised over 300 organizations since emerging in June of 2022.

• ‍Attack Volume: Play continued to increase attacks throughout 2023 and is one of the most active ransomware groups today.
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• ‍Ransom Demands: here is little information on how much Play demands for a ransom, but they have made good on their threats to leak the data of those who refuse payment.
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• Victims: Rackspace, City of Lowell, Geneva Software, Primoteq, Kenya Bureau of Standards, Cambridge Group, AlgoTech, Hill Internationa, CS Cargo, City of Oakland, Argentina’s Judiciary, H-Hotels, Fedpol, Federal Office for Customs and Border Security (FOCBS).
  

Innovation  

• RaaS Platform Development: Play is an evolving RaaS platform known to leverage PowerTool to disable antivirus and other security monitoring solutions and SystemBC RAT for persistence Play is known to leverage tools like Cobalt Strike for post-compromise lateral movement and SystemBC RAT executables and legitimate tools Plink and AnyDesk to maintain persistence, as well as Mimikatz and living-off-the-land binaries‌ (LOLBins) techniques Play has been observed leveraging Process Hacker, GMER, IOBit and PowerTool to bypass security solutions as well as PowerShell or command script to disable Windows Defender Play also abuses AdFind for command-line queries to collect information from a target’s Active Directory Play first introduced the intermittent encryption technique for improved evasion capabilities Play also developed two custom data exfiltration tools — the Grixba information stealer and a Volume Shadow Copy Service (VSS) Copying Tool — that improve efficiency in exfiltrating sensitive information on the targeted network Play has been observed leveraging exploits including ProxyNotShell, OWASSRF and a Microsoft Exchange Server RCE.

• ‍Targeted Industries: Play ransomware gang has mainly focused attacks in Latin America, especially Brazil, but have also attacked outside of that region Play was observed running a worldwide campaign targeting managed service providers (MSPs) in August to leverage their remote monitoring and management (RMM) tools to infiltrate customer networks.

• ‍Economic Model: Play employs tactics similar to both the Hive and Nokoyawa ransomware gangs and engages in double extortion by first exfiltrating victim data with the threat to post it on their “leaks” website.

8Base

Performance 

• RaaS Platform: The 8Base ransomware gang first emerged in March of 2022 and has quickly become one of the most active groups today, having displayed a “massive spike in activity” in the second half of 2023, making them one of the most significant threats in the wild The sophistication of the operation suggests they are an offshoot of experienced RaaS operators — most likely Ransomhouse, a data extortion group that first emerged in December of 2021 and was quite active in late 2022 and early 2023 Other researchers see a connection to the leaked Babuk builder: Like most groups today, 8Base engages in data exfiltration for double extortion and employs advanced security evasion techniques including modifying Windows Defender Firewall for bypass.

• ‍Attack Volume: 8Base quickly ascended the ranks of active ransomware operators with a high volume of attacks in late spring and throughout 2023, making them one of the most active groups.
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• ‍Ransom Demands: It is unclear how much 8Base typically demands for a ransom.
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• Victims: Keystone Insurance Services, Spectra Industrial, Kansas Medical Center, Danbury Public Schools, BTU, Advanced Fiberglass Industries, ANL Packaging.
  

Innovation  

• RaaS Platform Development: 8Base does not appear to have its own signature ransomware strain or maintain an RaaS for recruiting affiliate participation openly, but it is assessed they may service a group of vetted affiliate attackers privately Like RansomHouse, they appear to use a variety of ransomware payloads and loaders in their attacks, most prevalently customized Phobos with SmokeLoader Attacks also included wiping of Volume Shadow Copies (VSS) to prevent rollback of the encryption 8Base does not appear to be targeting Linux systems, maintaining a focus on Windows targets In Q4–2023, 8Base continued using a new variant of the Phobos ransomware payload, typically delivered with SmokeLoader.
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• ‍Targeted Industries: 8Base primarily targets organizations in the financial and information technology sectors, but about half of the targets are in the business services, manufacturing, and construction sectors.
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• ‍Economic Model: 8Base does not appear to maintain a RaaS program open to affiliate attackers, appearing to be opportunistic in their choice of victims with a focus on “name and shame” via their leaks site to compel payment of the ransom demand.

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BlackCat/ALPHV

Performance 

• RaaS Platform: In Q4–2023, the BlackCat/ALPHV gang may have suffered a major disruption by law enforcement, with reports that they took down the operator’s websites and developed a decryption tool Further reports indicate the gang restored some of their infrastructure after the takedown While the operations may have been stifled, BlackCat/ALPHV still remains a top threat BlackCat/ALPHV was first observed in late 2021 and maintains a well-developed RaaS platform that encrypts by way of an AES algorithm The code is highly customizable and includes JSON configurations for affiliate customization BlackCat/ALPHV is adept at disabling security tools and evading analysis and is likely the most advanced ransomware family in the wild.
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• ‍Attack Volume: BlackCat/ALPHV became one of the more active RaaS platforms over the course of 2022, and attack volume in 2023 continued to increase at a steady pace.
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• ‍Ransom Demands: BlackCat/ALPHV typically demands ransoms in the $400,000 to $3 million range but has exceeded $5 million BlackCat/ ALPHV recently released an API for their leak site to increase visibility for their attacks and put more pressure on victims to pay the ransom.

• Victims: MGM Resorts and Casinos, Lehigh Valley Health Network, PWC, Ernst & Young, and Sony, Republic Steel, Coca Cola, Constellation Software, Ring, Five Guys Restaurants, Western Digital, Henry Schein.

Innovation  

• RaaS Platform Development: BlackCat/ALPHV was the first ransomware developers to employ Rust, a secure programming language that offers exceptional performance for concurrent processing BlackCat/ALPHV deletes all Volume Shadow Copies using the vssadmin exe utility and wmic to thwart rollback attempts and attains privilege escalation by leveraging the CMSTPLUA COM interface and bypasses User Account Control (UAC) BlackCat/ALPHV encrypts files with the ChaCha20 or the AES algorithm, opting for faster encryption versus stronger encryption by employing several modes of intermittent encryption BlackCat/ALPHV also employs a custom tool called Exmatter for data exfiltration BlackCat/ALPHV released a new ransomware version called Sphynx in August with improved security evasion capabilities and was observed harvesting One-Time Passwords‌ (OTP) to bypass security tools to drop the Sphynx payload and encrypt Azure cloud storage deployments Researchers also observed a BlackCat/ ALPHV variant that embeds tools like Impacket and RemCom to facilitate lateral movement and remote code execution In Q4–2023, they added‌ a new tool dubbed Munchkin for propagation to remote machines and were observed abusing stolen credentials to compromise VMs to bypass EDR tools BlackCat/ALPHV is capable of employing multiple encryption routines, displays advanced self-propagation, and hinders hypervisors for obfuscations and anti-analysis BlackCat/ALPHV can impact systems running Windows, VMWare ESXi and Linux including Debian, ReadyNAS, Ubuntu, and Synology distributions.

• ‍Targeted Industries: BlackCat/ALPHV has wide variability in targeting, but most often focuses on the healthcare, pharmaceutical, financial, manufacturing, legal and professional services industries.
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• ‍Economic Model: BlackCat/ALPHV also exfiltrates victim data prior to the execution of the ransomware — including from cloud-based deployments — to be leveraged in double extortion schemes to compel payment of the ransom demand They have one of the more generous RaaS offerings, offering as much as 80-90% cut to affiliates BlackCat/ALPHV is also noted for putting their leaks website on the public web instead of dark web for increased visibility.

Black Basta

Performance 

• RaaS Platform: Black Basta is a RaaS that emerged in early 2022 and is assessed by some researchers to be an offshoot of the disbanded Conti and REvil attack groups The group routinely exfiltrates sensitive data from victims for additional extortion leverage Black Basta engages in highly targeted attacks and is assessed to only work with a limited group of highly vetted affiliate attackers.
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• Attack Volume: Black Basta has quickly become one of the most prolific attack groups in 2023 and was observed leveraging unique TTPs for ingress, lateral movement, data exfiltration data, and deployment of ransomware payloads.
  

• Ransom Demands: Ransom demands vary depending on the targeted organization with reports that they can be as high as $2 million dollars It is estimated that Black Basta exceeded $107 million in ransom revenue from more than 90 victims in less than two years.
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• Victims: BionPharma, M&M Industries, coca Cola, Yellow Pages Canada, AgCo, Capita, ABB, Merchant Schmidt, Tag Aviation, Blount Fine Foods.
  

Innovation  

• RaaS Platform Development: Black Basta continues to evolve their RaaS platform, with ransomware payloads that can infect systems running both Windows and Linux systems Black Basta is particularly adept at exploiting vulnerabilities in VMware ESXi running on enterprise servers Black Basta ransomware is written in C++ and can target both Windows and Linux systems, encrypts data with ChaCha20, and then the encryption key is encrypted with RSA-4096 for rapid encryption of the targeted network In some cases, Black Basta leverages malware strains like Qakbot and exploits such as PrintNightmare during the infection process Black Basta also favors abuse of insecure Remote Desktop Protocol (RDP) deployments, one of the leading infection vectors for ransomware.

• Targeted Industries: Black Basta typically targets manufacturing, transportation, construction and related services, telecommunications, the automotive sector, and healthcare providers.
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• ‍Economic Model: Black Basta also employs a double extortion scheme and maintains an active leaks website where they post exfiltrated data if an organization declines to pay the ransom demand.

Medusa

Performance

• RaaS Platform: The Medusa is a RaaS that made its debut in the summer of 2021 and has evolved to be one of the more active RaaS platforms Attack volumes were inconsistent in the first half of 2023 with a resurgence of attack activity in the last half of 2023 The attackers restart infected machines in safe mode to avoid detection by security software as well preventing recovery by deleting local backups, disabling startup recovery options, and deleting VSS Shadow Copies to thwart encryption rollback.
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• ‍Attack Volume: Medusa typically demands ransoms in the millions of dollars which can vary depending on the target organization’s ability to pay.
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• ‍Ransom Demands: It is unclear how much 8Base typically demands for a ransom.
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• Victims: SIMTA, ATI Traduction, EDB, Symposia Organizzazione Congressi S R L, Believe Productions, Global Product Sales, ZOUARY & Associés, Neodata, Evasión.

Innovation

• RaaS Platform Development: The Medusa RaaS operation (not to be confused with the operators of the earlier MedusaLocker ransomware) typically compromises victim networks through brute-forcing RDP credentials, malicious email attachments (macros), torrent websites, or through malicious ad libraries Medusa can terminate over 280 Windows services and processes without command line arguments (there may be a Linux version as well, but it is unclear at this time) Medusa encrypts with AES256 algorithm using an encrypted RSA public key Medusa deletes the Volume Shadow Copies abusing the vssadmin command to thwart rollback efforts Medusa can disable over 200 services and released a more advanced variant in September with faster encryption speeds and the ability to delete backups to complicate recovery.
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• ‍Targeted Industries: Medusa targets multiple industry verticals, especially healthcare and pharmaceutical companies, and public sector organizations too.
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• ‍Economic Model: Medusa also employs a double extortion scheme where some data is exfiltrated prior to encryption, but they are not as generous with their affiliate attackers, only offering as much as 60% of the ransom if paid.
  

Akira

Performance 

• RaaS Platform: Akira first emerged in March 2023, and the group may have links to the notorious Conti gang, although this is difficult to ascertain given the Conti code was leaked in 2022 Interestingly, Akira’s extortion platform includes a chat feature for victims to negotiate directly with the attackers, and it has been observed that Akira will inform victims who have paid a ransom of the infection vectors they leveraged to carry out the attack This is not ransomware “standard procedure” as many ransomware operators have engaged in multiple attacks on the same victim leveraging the same vulnerabilities A decrypter was released that may have worked on earlier variants or obscure samples of Akira, but its utility has proven to be null for recovery.
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• ‍Attack Volume: Akira maintains a modest but growing attack volume, putting them in about the middle of the pack when compared to other ransomware operators.
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• ‍Ransom Demands: Ransom demands appear to range between $200,000 to more than $4 million
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• Victims: Royal College of Physicians and Surgeons, 4LEAF, Park-Rite, Family Day Care Services, The McGregor, Protector Fire Services, QuadraNet Enterprises, Southland Integrated.
  

Innovation  

• RaaS Platform Development: Akira operates a RaaS written in C++ that is capable of targeting both Windows and Linux systems, typically by exploiting credentials for VPNs Akira modules will delete Windows Shadow Volume Copies leveraging PowerShell and is designed to encrypt a wide range of file types while avoiding Windows system files with exe, lnk, dll, msi, and sys extensions Akira also abuses legitimate LOLBins/COTS tools like PCHunter64, making detection more difficult In July, a Linux variant for Akira was detected in the wild, and the group was also observed remotely exploiting a zero-day in Cisco’s Adaptive Security Appliance (ASA) and Firepower Threat Defense (FTD) software (CVE-2023-20269) in brute- force attacks since at least August Akira has also been observed exploiting VMware ESXi vulnerabilities for lateral movement.

• ‍Targeted Industries: The group has attacked dozens of organizations across multiple industry verticals including education, finance, and manufacturing.
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• ‍Economic Model: Akira operations include data exfiltration for double extortion with the threat to expose or sell the data should the victim fail to come to terms with the attackers and is assessed to have leaked gigabytes of stolen data from victims.

Cactus

Performance

• RaaS Platform: Cactus ransomware emerged in March of 2023 and have been steadily ramping up their attack volume through the end of 2023 Cactus is noted for the ability to evade security tools and leverages exploits for known vulnerabilities in common VPN appliances to gain initial access to the networks of targeted organizations Cactus operators also have been observed running a batch script that unhooks common security tools.

• ‍Attack Volume: Cactus is a new arrival on the RaaS scene but has quicky amassed a disturbing number of victims in a relatively short time, and attack volumes have escalated in the second and third quarters of 2023.
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• ‍Ransom Demands: Cactus employs an encrypted messaging platform called TOX chat to conduct negotiations with victims Ransom demands are assessed to be quite substantial, but an average has not been established.
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• Victims: SCS SpA, OmniVision Technologies, The Hurley Group, Cornerstone Projects Group, ICOR Global Limited, Cornerstone Projects Group, Societa’ Canavesana Servizi.

Innovation

• RaaS Platform Development: Cactus operations employ Living-off-the- Land techniques to abuse legitimate network tools like Event Viewer, PowerShell, Chisel, Rclone, Scheduled Tasks and typically drops an SSH backdoor on systems for persistence and for communicating with the C2 servers Cactus has also been observed leveraging legitimate remote access tools like Splashtop, and SuperOps RMM along with deploying Cobalt Strike In Q4–2023, Cactus operators were observed abusing Qlik Sense for initial access, as well as ManageEngine UEMS and AnyDesk for remote access and lateral movement on targeted networks Cactus ‌is unique in that the ransomware payload is encrypted and requires a key to execute to prevent it from being detected by security tools It is also assessed that Cactus uses a PowerShell script dubbed TotalExec to automate the encryption process in a manner similar to the BlackBasta‌ gang, and that they attempt to dump LSASS credentials for future privilege escalation.

• ‍Targeted Industries: Cactus has been observed abusing SoftPerfect Network Scanner to do reconnaissance on prospective victims, who are generally large-scale commercial organizations across multiple sectors.

• ‍Economic Model: As with most extortion gangs today, Cactus engages in data exfiltration for double extortion by abusing Rclone tool.

NoEscape

Performance 

• RaaS Platform: NoEscape was one of the more active threats in Q4- 2023 Assessed to be a spinoff of the disbanded Avaddon gang NoEscape emerged in May of 2023 and operates as a Ransomware-as-a-Service (RaaS) with variants for targeting both Windows, Linux and VMware ESXi systems NoEscape provides affiliates with 24/7 technical support, communications, negotiation assistance, as well as an automated RaaS platform update feature.

• ‍Attack Volume: Having just recently emerged, NoEscape has rapidly become one of the more prolific attack groups, with attack volume escalating significantly in the second quarter of 2023.
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• ‍Ransom Demands: It is unclear how high the typical NoEscape ransom demands tend to be, but it has been observed that profit sharing with affiliates is on par or even more attractive than other groups with ransoms over $3 million netting 90/10 split with affiliates taking the lion’s share.
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• Victims: Mount Holly Nissan, LDLC Asvel, GASMART, KBS Accountants, Seattle Housing Authority, Effigest Capital Services, Korea Petroleum Industrial Co LTD, Instant Access Co.

Innovation  

• RaaS Platform Development: NoEscape is written in C++ and is relatively unique in the space in that the developers opted to build the RaaS platform from scratch rather than rely on code re-use from other ransomware variants NoEscape ransomware payloads target both Windows and Linux systems and support multiple encryption options ranging from extra fast to extra strong encryption and leverages RSA and ChaCHA20 encryption algorithms and may use a single key for all impacted files for faster decryption of a ransom is paid NoEscape can operate in safe mode to bypass security tools, terminates processes, erases VSS shadow copies and system back-ups to thwart recovery efforts, and abuses Windows Restart Manager to circumvent processes not terminated.

• Targeted Industries: NoEscape operations target a wide array of industry verticals with a focus on Professional Services, Manufacturing, Information Technology and Healthcare.
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• Economic Model: NoEscape offers it’s RaaS platform to affiliate attackers and operations typically include data exfiltration or other actions to be leveraged in double extortion schemes such as a denial-of-service option for a hefty additional fee to the affiliate NoEscape maintains a TOR-based leaks site to name-and-shame victims.

BianLian

Performance 

• RaaS Platform: BianLian is not a traditional RaaS They first emerged in June 2022 as a typical RaaS provider with Golang-based ransomware until a decrypter was released BianLian successfully attacked several high-profile organizations before a free decryption tool was released to help victims recover files encrypted by ransomware In early 2023 they appear to have abandoned the ransomware payload portion of attacks in favor of less complicated data exfiltration and extortion attacks This shows how successful the double extortion strategy is for ransomware groups, and we will likely see more groups join the likes of BianLian (and Karakurt before them).

• Attack Volume: BianLian increased attack volumes as they have moved away from deploying ransomware payloads in favor of pure data extortion attacks, making them one of the more prominent groups in Q1–2023, then activity dipped in Q2 and early Q3 with signs of a resurgence in Q4.
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• Ransom Demands: It is unclear how much BianLian typically requests for a ransom amount, or if they are keen to negotiate the demand down.
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• Victims: Air Canada, Griffing & Company, International Biomedical Ltd, Gilbreath, Dow Golub Remels & Gilbreath, Instron, Pelindo, CHU de Rennes, Dekko Window Systems Ltd, CMC Marine.
  

Innovation  

• RaaS Platform Development: The group abandoned the RaaS model in favor of pure data extortion attacks where data is exfiltrated and ransom demand issued, but no ransomware is deployed BianLian leverages open- source tooling and command-line scripts to engage in credential harvesting and data exfiltration BianLian has been observed deploying a custom Go-based backdoor for remote access and uses PowerShell and Windows Command Shell to bypass and evade security solutions.

• ‍Targeted Industries: BianLian primarily targets financial institutions, healthcare, manufacturing, education, entertainment, and energy sectors by leveraging compromised Remote Desktop Protocol (RDP) credentials.
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• ‍Economic Model: Almost exclusively a data extortion attack group now, rarely observed deploying ransomware payloads.
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Snatch

Performance

• RaaS Platform: Snatch is a RaaS first emerged way back in 2018 but did not become significantly active until 2021 Snatch can evade security tools and deletes Volume Shadow Copies to prevent rollbacks and any local Windows backups to thwart recovery There has also been a Linux version observed in the wild Snatch was observed trying to put a new twist on the double extortion gambit: giving cyber insurers details of how they infected victims to nullify coverage if those victims refuse to pay the ransom demand.
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• Attack Volume: Snatch attack volume has been modest compared to leading ransomware operators but increased about 50% in 2023 compared to 2022 levels.
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• Ransom Demands: Snatch ransom demands are relatively low compared to leading ransomware operators, ranging from several thousands to tens of thousands of dollars.

• Victims: Cadence Aerospace, Match MG, City of Modesto, Ingenico, Oil India, Department of Defense South Africa, Gaston College, Americana Restaurants, Canadian Nurses Association, Medical Society of the State.

Innovation

• RaaS Platform Development: Snatch is written in Go and is somewhat unique in that the ransomware reboots in safe mode to make sure the security tools are not running Persistence and privilege escalation are not byproducts of the reboot Snatch abuses legitimate tools like Process Hacker, Uninstaller, IObit, BCDEDIT, PowerTool, and PsExec Snatch deletes Volume Shadow Copies to prevent encryption rollbacks Snatch typically compromises victim networks through brute-forcing RDP credentials and abuses Windows Service Control to execute malicious scripts commands Snatch reboots in Safe Mode to bypass security and modifies Windows Registry keys to establish persistence Snatch exfiltrates data to the C2 with Update_Collector exe malware via port 443 so the exfiltration blends in with normal HTTPS traffic.

• ‍Targeted Industries: Snatch targeting varies widely based on their affiliates preferences.
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• ‍Economic Model: Snatch is one of the more traditional RaaS platforms, where most of the targeting and attack sequence structure is left to the individual affiliates, including whether to exfiltrate data for double extortion.

Rhysida

Performance 

• RaaS Platform: Rhysida is a RaaS that was first observed in May of 2023, and has become one of the more prevalent threats in the latter half of 2023 Rhysida engages in data exfiltration for double extortion and maintains both a leaks site and a victim support portal on TOR They are thought to be responsible for attacks against the Chilean military and more recently against Prospect Medical Holdings which impacted services at hundreds of clinics and hospitals across the US In Q4–2023, the FBI and CISA released a joint advisory on Rhysida operations.

• Attack Volume: Rhysida has been steadily increasing their attack volume and continuing to expand the targeted industries, but volume is modest compared to leaders Rhysida appears to be opportunistic attackers with a similar victimology as Vice Society.
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• Ransom Demands: It remains unclear how much Rhysida operators typically demand for a ransom payment at this time.
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• Victims: Pierce College at Joint Base Lewis McChord, Ejercito de Chile, Axity, Ministry of Finance Kuwait, Prince George’s County Public Schools, Ayuntamiento de Arganda City Council, Comune di Ferrara, Prospect Medical Holdings.
  

Innovation  

• RaaS Platform Development: Rhysida appears to have a fairly advanced RaaS offering, with capabilities that include advanced evasion techniques that can bypass antivirus protection, the wiping of Volume Shadow Copies (VSS) to prevent rollback of the encryption, and the ability to modify Remote Desktop Protocol (RDP) configuration Rhysida has been observed deploying Cobalt Strike or similar command-and-control frameworks and abusing PSExec for lateral movement, dropping PowerShell scripts, and for payload delivery Rhysida employs 4096-bit RSA key and AES-CTR for file encryption Rhysida previously maintained a focus on Windows targets, but recently added Linux variant targeting VMWare ESXi TTPs are similar to those of Vice Society, which has been less active since Rhysida emerged.
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• ‍Targeted Industries: Rhysida has been observed targeting the healthcare, education, government, manufacturing, and tech industries.
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• ‍Economic Model: Rhysida operators purport to be a “cybersecurity team” conducting unauthorized “penetration testing” to ostensibly “help” victim organizations identify potential security issues and secure their networks The subsequent ransom demand is viewed as “payment” for their services.

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Cuba

Performance 

• RaaS Platform: Cuba is a RaaS that first emerged in 2019, but activity did not really ramp up until 2022, and attacks have continued to steadily increase through 2023 Cuba is assessed to be Russian-operated and connected to threat actors RomCom and Industrial Spy Cuba is effective but does not really stand out amongst threat actors — their operations are fairly generic, but they do have the ability to bypass multiple security solutions with relative ease In August, Cuba was observed targeting vulnerability for backup and disaster recovery offering Veeam (CVE- 2023-27532).
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• Attack Volume: Cuba’s attack volume appears to have more than doubled in 2023 over 2022 levels.
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• Ransom Demands: Cuba operators have demanded some of the highest ransoms ever (in the tens of millions) but it is highly unlikely they have collected anywhere close to their outrageous demands.
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• Victims: Rock County Public Health Department, Mount St Mary Catholic High School, Phoenicia University, R1 Group, Edgo, Shoes for Crews, CMM, GIhealthcare.
  

Innovation  

• RaaS Platform Development: Like most operators, Cuba relies on phishing, exploitable vulnerabilities, and compromised RDP credentials for ingress and lateral movement, and uses the symmetric encryption algorithm ChaCha20 appended with a public RSA key Cuba leverages PowerShell, Mimikatz, SystemBC and the Cobalt Strike platform Overall, Cuba is not the most sophisticated ransomware in the wild but appears to be effective, and they have been observed to be improving their toolset with the addition of a custom downloader dubbed BUGHATCH, a security-bypass tool called BURNTCIGAR that terminates processes at the kernel level, the Metasploit array and Cobalt Strike in addition to several LOLBINS including cmd exe for lateral movement ping exe for reconnaissance.
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• Targeted Industries: Cuba selects victims on their ability to pay large ransom demands, targeting larger organizations in financial services, government, healthcare, critical infrastructure, and IT sectors.
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• Economic Model: Cuba exfiltrates victim data for double-extortion and maintains a leaks site where they publish victim data if the ransom demand is not met Cuba operators have a decent reputation as far as providing a decryption key to victims who pay the ransom demand.

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Qilin

Performance 

• RaaS Platform: Qilin (aka Agenda) is a RaaS operation that first emerged in July of 2022 that is written in the Go and Rust programming languages and is capable of targeting Windows and Linux systems Rust is a secure, cross-platform programming language that offers exceptional performance for concurrent processing, making it easier to evade security controls‌ and develop variants to target multiple OSs Qilin operators are known to exploit vulnerable applications including Remote Desktop Protocol (RDP).

• Attack Volume: Qilin attack volumes are modest compared to leaders but given they are putting so many resources into developing one of the most generous profit sharing RaaS platforms in the market, combined with the use of advanced programming languages and a versatile attack platform, we are likely to see more from this group.
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• Ransom Demands: Ransom demands are likely to be in the millions of dollars based on their affiliate profit sharing model which pays a higher percentage for ransoms over #3 million.
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• Victims: Ditronics Financial Services, Daiwa House, ASIC S A , Thonburi Energy Storage, SIIX Corporation, WT Partnership Asia, FSM Solicitors .
  

Innovation  

• RaaS Platform Development: The Qilin RaaS offers multiple encryption techniques giving operators several configuration options when conducting the attack.
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• Targeted Industries: Qilin is assessed to be a big game hunter selecting targets for their ability to pay large ransom demands, as well as targeting the healthcare and education sectors.
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• Economic Model: Qilin operations include data exfiltration for double extortion with the threat to expose or sell the data via their leaks site should the victim fail to come to terms with the attackers The affiliate program offers an 80% take for ransoms under $3 million and 85% for those over $3 million.
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BlackByte

Performance

• RaaS Platform: BlackByte is a RaaS that first emerged around July of 2021, and has similarities to LockBit v2 0 with regard to advanced obfuscation capabilities BlackByte is assessed to be Russian operated given they abort attacks on Cyrillic language systems They made headlines when the attacked the San Francisco 49ers and the City of Augusta, but it was their targeting of critical infrastructure targets that earned them an alert from CISA and the FBI in 2022.

• Attack Volume: BlackByte attack volumes were modest in 2022 compared to leading ransomware operators and were on pace to more than double in 2023.

• Ransom Demands: Ransom demands form BlackByte vary by target but have been observed to be in the millions of dollars, with a published $2 million dollar ransom levied against the City of Augusta in 2022.
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• Victims: Yamaha Corporation of America, San Francisco 49ers, Hotel Xcaret, D-Link, City of Augusta, United Service Union, NV GEBE, Brett Martin, Wagner-CAT.

Innovation

• RaaS Platform Development: Interestingly, the BlackByte RaaS serves up multiple variants of ransomware including versions written in Go, C, and NET Operators have exploited ProxyShell vulnerabilities for ingress, and leverage tools like Cobalt Strike and WinRAR BlackByte uses its own custom exfiltration tool called Exbyte BlackByte capabilities include bypassing security tools, process hollowing, and modification of Windows Firewall, VSS, as well as registry key values BlackByte deploys Cobalt Strike beacons, abuses vulnerable drivers to evade security, and deploys custom backdoors to exfiltrate victim data.

• Targeted Industries: U S and global organizations in the energy, agriculture, financial services, and public sectors.
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• Economic Model: BlackByte exfiltrates victim data for double extortion and maintain a leaks site where expose or sell victim data The operators even go so far as to link the auction site in the ransom note to scare victims.

Knight

Performance 

• RaaS Platform: Knight is a RaaS platform that emerged in early summer of 2023 as a rebrand of the Cyclops ransomware operations that preceded it Knight offers affiliates a wide array of builder, toolset, and payload options Notable is their email phishing campaign using faux TripAdvisor alerts for initial infection.
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• Attack Volume: Attack volumes have been moderate compared to leaders, but with the prospect that there may be Linux and macOS versions as well as Windows, we may see attacks volumes begin to increase in Q1–2024.
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• Ransom Demands: It is unclear what the average ransom demand by Knight is, but reports indicate that they range in the tens-of thousands.
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• Victims: Agro Baggio, Crace Medical Center, Daiho Industrial, Faieta Motor Company, Mario De Creco, National Health Mission of India, GDL Logistica, Hackett’s Printing, US Claims Solutions.

Innovation  

• Raas Development: Knight emerged as a fairly advanced RaaS offering with a user-friendly UI Knight also offers both a “full” and “lite” versions to give affiliates more varied payload options Knight employs static encryption leveraging the HC-256 symmetric algorithm and the SHA512 and Curve25516 algorithms for key management Knight has been observed terminating a wide range of processes, and leverages malware like Remcos and Qakbot for payload delivery.
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• Targeted Industries: Thus far, Knight operators and affiliates appear to be opportunistic attackers not focused on any specific industry vertical.
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• Economic Model: Knight maintains a leaks site and employs double extortion methods, exfiltrating victim data as leverage to compel payment of the ransom demand and appears to have a competitive affiliate program with more than a few platform features for negotiation and collection of ransoms.

INC Ransom

Performance 

• RaaS Platform: INC Ransom was first observed in the summer of 2023, and it is unclear if they maintain a RaaS affiliate operation or are a closed group INC uses common TTPs such as leveraging compromised RDP (Remote Desktop Protocol) credentials to gain access and move laterally in a targeted environment Initial infections have been observed via phishing and exploitation of a vulnerability in Citrix NetScaler (CVE-2023-3519).
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• Attack Volume: INC did not emerge until the second half of 2023, but they appear to be ramping up operations as they refine their code and attack sequences.
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• Ransom Demands: INC instructs victims to log into a Tor portal with a unique user ID provided by the attackers It is unclear what the average ransom demand is at this point.
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• Victims: Xerox, Trylon Corp, Ingo Money, BPG Partners Group, DM Civil, Nicole Miller INC , Pro Metals, Springfield Area Chamber of Commerce, US Federal Labor Relations Authority, Yamaha Philippines.

Innovation  

• Raas Development: INC has been observed delivering ransomware using legitimate tools like WMIC and PSEXEC and uses other Living-off-the-Land (LOTL) techniques, abusing applications Including MSPaint , WordPad, NotePad, MS Internet Explorer, MS Windows Explorer, and AnyDesk for lateral movement INC has also been observed abusing tools like Esentutl for reconnaissance and MegaSync for data exfiltration INC is written in C++ and uses AES-128 in CTR mode to encrypt files, and it also has a Linux version It is unclear if INC employs any advanced security tool evasion techniques, and there are indications that they may attempt to delete Volume Shadow Copies (VSS) to hinder encryption rollback attempts.
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• Targeted Industries: INC targets a wide array of industries, including manufacturing, retail, IT, hospitality, pharma, construction and the public sector.
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• Economic Model: INC practices double extortion and maintain a leaks site for double extortion, threatening to expose victim INC has made good on threats to expose sensitive data if a target does not pay the ransom demand.
  

Stormous

Performance 

• RaaS Platform: Stormous does not maintain a RaaS platform Stormous emerged in mid-2021 or early 2022 and made headlines claiming to have exfiltrated 200GB of data from victim Epic Games as well as the Ministry of Foreign Affairs of Ukraine They also were purported to have offered Coca-Cola data for sale Stormous is assessed to have targeted companies whose data was leaked by other threat actors, and some have asserted they are a scam operation.
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• Attack Volume: Stormous attack volume has been diminishing and it is assessed that they may not be responsible for some of the attacks they claim.
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• Ransom Demands: It is unclear how much Stormous demands for ransom payments on average, but it was observed that they were selling what they claimed to be Coca-exfiltrated Cola files for about $65,000.
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• Victims: Konika Minolta, Cameron Memorial Community Hospital, Econocom Group, Senior Sistemas, Bandung Institute of Technology, Epson Spain, Interep.

Innovation  

• RaaS Platform Development: Stormous does not maintain a RaaS platform and focuses on straight data extortion.
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• Targeted Industries: Stormous claims to target Western companies and espouses a lot of rhetoric about the Russian and Ukrainian conflict, but it is not clear if they are hacktivist-oriented or using this to sew confusion.
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• Economic Model: It is still unclear exactly how Stormous operates They claim politically motivated targeting may be more opportunistic or could be trying to make money from the threat actors’ work by leveraging the chaos and confusion around the high volume of ransomware attacks today.
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RansomHouse

Performance 

• RaaS Platform: RansomHouse does not maintain a RaaS platform RansomHouse is a data extortion group that first emerged in December of 2021 who appear to have some level of political motivation, stating they are “pro-freedom and support the free market” and claim to not work with other hacktivists or any intelligence agencies They made headlines in 2022 for attacking chipmaker AMD and exfiltrating 450GB of data.

• Attack Volume: RansomHouse attack volumes pale compared to leading threat actors but have been steadily increasing in late 2022 and the first half of 2023 and continued to decline throughout the second half of 2023.
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• Ransom Demands: Ransom demands have been reported to range between $1 million and $11 million.
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• Victims: Advanced Micro Devices (AMD), Indonesia Power, Mission Community Hospital, Van Oirschot, Hawkins Delafield Wood, SMB Solutions.
  

Innovation  

• RaaS Development: RansomHouse does not maintain a RaaS platform.
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• Targeted Industries: RansomHouse appears to be opportunistic, choosing targets for ease of compromise or for ability to pay RansomHouse is a different kind of threat actor who uniquely “blames” victim organizations for lax security.
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• Economic Model: RansomHouse maintains an active leaks site where they engage in “name and shame” to put pressure on victims to pay the ransom demand RansomHouse exfiltrates victim data for double extortion but is also observed to be actively selling stolen data to other threat actors.
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Mallox

Performance 

• RaaS Platform: Mallox is an emerging RaaS that first emerged in October of 2021 using a ransomware variant dubbed “tohnichi” for its file extension The group then introduced a variant that appended files with “ mallox” which resulted in most researchers calling the group “Mallox ” Mallox was notable for its swift encryption speed, ability to bypass security tools like Windows Defender, and deletion of Shadow Copies to thwart encryption rollback.

• Attack Volume: Mallox attack volume accelerated, with activity surging by 174% over 2022 levels, but attack volume subsided in Q4–2023.
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• Ransom Demands: There is not much information on how much Mallox demands for ransoms, but they appear to be relatively low compared to leading threat actors (in the thousands of dollars) Mallox is a newer group who has only recently started to recruit affiliates and are assessed to be improving their TTPs and payloads, so we expect ransom demands may increase.

• Victims: PT Garuda Indonesia, Measuresoft, DUHOCAAU, Kirkholm Maskiningeniører, Bozovich, Ban Leong Technologies Ltd, AddWeb Solution Private Limited.
  

Innovation  

• RaaS Platform Development: Mallox has been observed using advanced TTPs like DLL hijacking that is not common to ransomware attacks Mallox employs a unique delivery method for the ransomware payload that does not require a loader, but instead uses a batch script to inject into the “MSBuild exe” process in memory to evade detection Mallox uses the Chacha20 algorithm for encryption In 2023 they began using a variant that appends with “ xollam” which leverages malicious OneNote file attachments for exploitation of insecure MS-SQL servers to infiltrate networks Mallox was observed exploiting two remote code execution vulnerabilities (CVE-2020-0618 and CVE-2019-1068) where earlier variants targeted vulnerable MS SQL instances to deliver the payload.

• Targeted Industries: Mallox has hit some critical infrastructure IT providers, but appears to be opportunistic, hitting targets mostly located in the US and India.
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• Economic Model: Mallox only recently appears to be recruiting affiliates for a RaaS platform, so this group is one to watch It is unclear if they engage in data exfiltration for double extortion, but they likely will follow other attackers in using this tactic as they develop their RaaS platform.