Security News > 2023 > July > Meet NoEscape: Avaddon ransomware gang's likely successor
The new NoEscape ransomware operation is believed to be a rebrand of Avaddon, a ransomware gang that shut down and released its decryption keys in 2021.
BleepingComputer is aware of NoEscape ransomware demands ranging between hundreds of thousands of dollars to over $10 million.
The Avaddon ransomware operation launched in June 2020 using phishing campaigns to target corporate victims.
In June 2021, a month after the FBI and Australian law enforcement released Avaddon advisories, the ransomware gang suddenly shut down its operation and shared victims' decryption keys with BleepingComputer in an anonymous tip.
There has not been any known ransomware or extortion activity associated with the threat actors until last month with the launch of the NoEscape ransomware operation.
A sample of the NoEscape ransomware was shared with BleepingComputer so we could analyze it.