Smaller-scale ransomware attacks continue to be prevalent and damaging, according to The Record, a news site by cybersecurity firm Recorded Future.
Adhubllka ransomware, which is linked to CryptoLocker ransomware and has been used to compromise small businesses and individuals since January 2020, was discovered by Netenrich researchers to have a new variant used in attacks this month. Further investigation into the new strain revealed other ransomware variants based on Adhubllka, many of which used identical ransom notes and similar modes of communication with their victims.
"In the future, this ransomware may be rebranded with other names; or other groups may use it to launch their own ransomware campaigns. However, as long as the threat actor does not change their mode of communication, we will be able to trace all such cases back to the ADHUBLLKA family," said Netenrich Senior Threat Analyst Rakesh Krishnan.
Aside from the emergence of a new Adhubllka ransomware strain, ransomware groups Dharma, Stop/Djvu, and Phobos, which have been imposing ransom demands below $1,700, were noted by a Chainalysis report to have significantly increased their operations.
Small-scale ransomware attacks persist
Smaller-scale ransomware attacks continue to be prevalent and damaging, according to The Record, a news site by cybersecurity firm Recorded Future.
Almost 75% of all reported cyberinsurance claims during the first half of this year were attributed to business email compromise attacks, ransomware incidents, and fund transfer fraud, with average ransomware claim losses totaling $353,000.
Such a development comes months after National Public Data admitted the exposure of a database stolen from a December 2023 breach beginning in April, which was then followed by civil penalties being sought by over 20 states as well as potential fines from the Federal Trade Commission.
Investigation into the incident revealed the exfiltration of personal data from Casio and its affiliates' permanent and temporary employees, business partners, customers, and interviewed prospects for employment, as well as contracts with business partners.