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It exploits the Microsoft BitLocker encryption feature to encrypt the entire local drive and remove the recovery options before shutting down the PC. ShrinkLocker was discovered by cybersecurity firm Kaspersky, and analysts have observed variants in Mexico, Indonesia and Jordan. BitLocker has been used to stage ransomware attacks in the past, but this strain has "Previously unreported features to maximise the damage of the attack," Kaspersky said in a press release.
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RansomLord is an open-source tool that automates the creation of PE files, which are used to exploit ransomware pre-encryption. "I created RansomLord to demonstrate ransomware is not invincible, has vulnerabilities and its developers make mistakes and can write bad code just like everyone else," hyp3rlinx, developer of RansomLord, told Help Net Security.
Microsoft has linked a North Korean hacking group it tracks as Moonstone Sleet to FakePenny ransomware attacks, which have led to millions of dollars in ransom demands. Unlike previous ransomware attacks coordinated by North Korean state hackers, in which victims were asked to pay $100,000, the ransom demanded by the Moonstone Sleet attackers was $6.6 million in BTC. Microsoft's assessment of this attack concluded that Moonstone Sleet's primary motivation for deploying the ransomware was financial gain.
Ransomware remains one of the most pressing cybersecurity threats in 2024, with attackers continually evolving their methods to maximize impact and evade detection. In this Help Net Security round-up, we present excerpts from previously recorded videos featuring cybersecurity experts discussing ransomware-related topics such as payment practices, the recent surge in ransomware attacks, and more.
A new ransomware strain called ShrinkLocker creates a new boot partition to encrypt corporate systems using Windows BitLocker. Ransomware using BitLocker to encrypt computers is not new.
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Ransomware attacks targeting VMware ESXi infrastructure following an established pattern regardless of the file-encrypting malware deployed. "Virtualization platforms are a core component of...
Within the last 12 months, 48% of organizations identified evidence of a successful breach within their environment, according to Arctic Wolf. 66% of organizations that suffered a data breach in the last year chose to publicly disclose information regarding their incidents, while 30% only disclosed their breaches to impacted parties.