Security News > 2023 > June > Improved BlackCat Ransomware Strikes with Lightning Speed and Stealthy Tactics

The threat actors behind BlackCat ransomware have come up with an improved variant that prioritizes speed and stealth in an attempt to bypass security guardrails and achieve their goals.

Active since November 2021, it has emerged as a formidable ransomware actor, victimizing more than 350 targets as of May 2023.

BlackCat has also been observed to share overlaps with the now-defunct BlackMatter ransomware family, according to Cisco Talos and Kaspersky.

Despite law enforcement campaigns against cybercrime and ransomware groups, the continuous shift in tactics is proof that BlackCat remains an active threat to organizations and has "No signs of winding down."

Finnish cybersecurity firm WithSecure, in a recent research, described how the illicit financial proceeds associated with ransomware attacks have led to a "Professionalization of cyber crime" and the advent of new supporting underground services.

"Many major ransomware groups are operating a service provider or RaaS model, where they supply tooling and expertise to affiliates, and in return take a cut of the profits," the company said.

News URL

https://thehackernews.com/2023/06/improved-blackcat-ransomware-strikes.html