Security News > 2021 > April > Babuk ransomware readies 'shut down' post, plans to open source malware
After just a few months of activity, the operators of Babuk ransomware briefly posted a short message about their intention to quit the extortion business after having achieved their goal.
Earlier today, the Babuk ransomware gang said in a message titled "Hello World 2" on their leak site that they had achieved their goal and decided to shut down the operation.
Whenever the Babuk ransomware gang decides to call it quits, at least under the Babuk name, they would "Do something like Open Source RaaS, everyone can make their own product based on our product and finish with the rest of the RaaS.".
Babuk ransomware emerged at the beginning of the year.
Initially, Babuk ransomware operators said that they would not target several types of organizations in the healthcare, non-profit, education, small business sector, with some exceptions.
Even if developers retire, affiliates will jump to a different RaaS operation, as was the case when Maze shut down and Egregor ransomware adopted many of the former's affiliates.