8131231863?profile=RESIZE_400xIt should come as no reprise that ransomware groups that steal a company's data and then get paid a fee to delete it don't always follow through on their promise.

The number of cases where this has happened has increased, according to a report[1] published by Coveware this week and according to several incidents shared by security researchers with ZDNet researchers over the past few months. These incidents take place only for a certain category of ransomware attacks — namely those carried out by "big-game hunters" or "human-operated" ransomware gangs.  These two terms refer to incidents where a ransomware gang specifically targets enterprise or government networks, knowing that once infected, these victims can't afford prolonged downtimes and will likely agree to huge payouts.

But since the fall of 2019, more and more ransomware gangs began stealing large troves of files from the hacked organizations before encrypting the victims' files.  The idea was to threaten the victim to release its sensitive files online if the company wanted to restore its network from backups instead of paying for a decryption key to recover its files.  Some ransomware gangs even created dedicated portals called leak sites where they'd publish data from companies that didn't want to pay.  If hacked companies agreed to pay for a decryption key, ransomware gangs also promised to delete the data they had stolen.

In a report published this week, Coveware, a company that provides incident response services to hacked companies, said that half of the ransomware incidents it investigated in Q3 2020 had involved the theft of company data before files were encrypted, doubling the number of ransomware incidents preceded by data theft it saw in the previous quarter.

But Coveware says that these types of attacks have reached a "tipping point" and that more and more incidents are being reported where ransomware gangs aren't keeping their promises.

For example, Coveware said it had seen groups using the REvil (Sodinokibi) ransomware approach victims weeks after the victim paid a ransom demand and ask for a second payment using renewed threats to make public the same data that victims thought was deleted weeks before.  Coveware said it also saw the Netwalker (Mailto) and Mespinoza (Pysa) gangs publish stolen data on their leak sites even if the victim companies had paid the ransom demand. Security researchers have told ZDNet that these incidents were most likely caused by technical errors in the ransomware gang's platforms, but this still meant that the ransomware gangs hadn't deleted the data as they promised.  Coveware also said it observed the Conti ransomware gang send victims falsified evidence as proof of having deleted the data. Such evidence is usually requested by the victim's legal team, but sending over falsified proof means the ransomware gang never intended to delete the data and was most likely intent on reusing at a later point.

On top of this, Coveware said it also saw the Maze ransomware gang post stolen data on their leak sites accidentally, even before they notified victims that they had stolen their files.  This has also happened with the Sekhmet and Egregor gangs; both considered to have spun off from the original Maze operation, Coveware said.  In addition to these, ZDNet also learned of additional incidents from other companies providing incident response services for ransomware attacks.  Most of these incidents involve the Maze gang, the pioneer of the ransomware leak site, and the double-extortion scheme. More exactly, they involve "affiliates," a term that describes cybercriminals who bought access to the Maze ransomware-as-a-service (RaaS) platform and were using the Maze ransomware to encrypt files.

But while some affiliates play by the rules, some haven't. There have been cases where a former Maze affiliate who was kicked out of the Maze RaaS program had approached and tried to extort former victims with the same stolen data for the second time, data which they promised to delete.  There have also been cases where Maze affiliates accidentally posted stolen data on the Maze leak site, even after a successful ransom payment. The data was eventually taken down, but not after the posts on the Maze site got hundreds or thousands of reads (and potential downloads).

Things got worse throughout the year for Maze affiliates as antivirus companies started detecting Maze payloads and blocking the encryption and stopping attacks.  In many of these cases, the Maze affiliates had to settle for using only the data they managed to steal before the encryption was blocked and often had to settle for smaller ransom payments.  Seeking new avenues of profits, in at least two cases, a Maze group attempted to sell employee credentials and personal data to security researchers posing as underground data brokers.

These examples confirm what many security researchers had already suspected — namely, that ransomware gangs can't be trusted or taken on their word.

Since many of the documents stolen in ransomware attacks contain sensitive personal and financial details, if resold, these documents can be very useful for a slew of fraudulent operations that a victim company's customers or employees need to be aware of and prepare for.

Red Sky Alliance has been has analyzing and documenting cyber threats for 8 years and maintains a resource library of malware and cyber actor reports. 

The installation, updating and monitoring of firewalls, cyber security and proper employee training are keys to blocking attacks.  Please feel free to contact our analyst team for research assistance and Cyber Threat Analysis on your organization.

What can you do to better protect your organization today?

  • All data in transmission and at rest should be encrypted.
  • Proper data back-up and off-site storage policies should be adopted and followed.
  • Join and become active in your local Infragard chapter, there is no charge for membership. infragard.org
  • Update disaster recovery plans and emergency procedures with cyber threat recovery procedures. And test them.
  • Institute cyber threat and phishing training for all employees, with testing and updating.
  • Recommend/require cyber security software, services and devices to be used by all at home working employees and consultants.
  • Review and update your cyber threat and information security policies and procedures. Make them a part of all emergency planning and training.
  • Ensure that all software updates and patches are installed immediately.
  • Enroll your company/organization in RedXray for daily cyber threat notifications are directed at your domains. RedXray service is $500 a month and provides threat intelligence on nine (9) cyber threat categories including Keyloggers, with having to connect to your network.  Ransomware protection is included at no charge for RedXray customers.
  • Purchase annual cyber insurance coverage from Red Sky Alliance provided by Cysurance.

 

Red Sky Alliance is   a   Cyber   Threat   Analysis   and   Intelligence Service organization.  For questions, comments or assistance, please contact the lab directly at 1-844-492-7225, or feedback@wapacklabs.com.

Interested in a RedXray demonstration or subscription to see what we can do for you?  Sign up here: https://www.wapacklabs.com/redxray    

 

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TR-20-310-001.pdf

 

[1] https://www.coveware.com/blog/q3-2020-ransomware-marketplace-report

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