Security News > 2021 > January > New Year, New Ransomware: Babuk Locker Targets Large Corporations

Only a few days into the new year, one of the first new ransomware strains of 2021 has been discovered.

Dubbed Babuk Locker, the ransomware appears to have successfully compromised five companies thus far, according to new research.

"So far, we don't know how the ransomware got into the company, but it's most likely phishing similar to other ransomware groups' approaches," Dong told Threatpost.

Other popular ransomware families have previously abused Windows Restart Manager, including the Conti ransomware and the REvil ransomware.

The new ransomware strain comes as ransomware attacks continue to rise - with the number of ransomware attacks jumping by 350 percent since 2018.

Healthcare systems have been hit particularly hard over the past year by ransomware actors, with a recent report saying that healthcare organizations have seen a 45 percent increase in cyberattacks since November.

News URL

https://threatpost.com/ransomware-babuk-locker-large-corporations/162836/