FunkSec ransomware is a relatively new ransomware-as-a-service (RaaS) group with hacktivist ties that appears to use AI to assist its cybercrime activities, Check Point Research outlined in an analysis published Friday. The group was first introduced in October 2024 in a post on the Breached forum and first established its data leak site in … Read more
What is Space Bears? Space Bear is a relatively new ransomware group that first appeared on the radar in April 2024. The gang, which is aligned to the Phobos ransomware-as-a-service group, steals sensitive data from organisations, encrypts victims’ computer systems, and demands that a ransom be paid for a decryption key or the data will … Read more
A recent announcement from an individual claiming affiliation with the LockBit ransomware gang signals a potential resurgence of the cyber criminal group’s activities, with a new phase supposedly launching in February 2025. Despite the significant disruption caused by the National Crime Agency’s (NCA) Operation Cronos in early 2024, which dismantled much of LockBit’s infrastructure, the … Read more
Ransomware criminals in 2024 stooped to new lows and high-level black hat trade craft. Targets included critical industries such as healthcare, public infrastructure, and the cloud. Notable was the rise of ransomware-as-a-service (RaaS), allowing a new class of rookie attackers to perpetrate devastating campaigns. Meanwhile nation-state actors transformed ransomware into a tool for geopolitical weapon. … Read more
Deloitte and Rhode Island officials confirmed that a ransomware attack by Brain Cipher impacted public benefits data from the state’s RIBridges system. The Brain Cipher ransomware group initially listed Deloitte UK as a victim on its dark web leak site in early December, prompting Deloitte to respond saying only one client system outside of Deloitte’s … Read more