AT&T Alien Labs® Open Threat Exchange® (OTX) recently created a pulse for a new threat entitled the RIG Exploit Kit which had been observed distributing ransomware to victim companies across a variety of industry verticals. This exploit was discovered by BroadAnalysis who outlined the exploit’s intricacies in a whitepaper that was released December 2, 2019.

At the beginning of March 2020, Fifth Domain reported that Colorado-based aerospace, automotive and industrial parts manufacturer Visser Precision LLC had suffered a DoppelPaymer ransomware infection. Those behind this attack ultimately published information stolen from some of Visser’s customers. Those organizations included defense contractors Lockheed Martin, General Dynamics, Boeing and SpaceX.

In 2019 multiple cities, hospitals and educational institutions in the U.S. were crippled by ransomware, including Baltimore, Atlanta, New York City, Regis University in Denver and Monroe University in New York. In the the last 12 months, the infosec community has seen these ransomware operators seriously upping their game (see Ryuk ransomware).

Throughout 2019 CyberInt Research observed multiple events related to Konni, remote administration tool, observed in the wild since early 2014. The Konni malware family is potentially linked to APT37, a North-Korean cyber espionage group active since 2012. The group primary victims are South-Korean political organizations, as well as Japan, Vietnam, Russia, Nepal, China, India, Romania, Kuwait, and other parts of the Middle East.

The world is currently gripped by the spread of Covid-19, more commonly referred to as coronavirus, and unsurprisingly, cybercriminals are making the most of the situation and public uncertainty through phishing scams. There are many different examples of Covid-19 phishing scams in active circulation. Some purport to share the latest guidance, others encourage people to apply for a tax rebate, and yet more ask for donations towards medical efforts. Some even claim to provide a magical cure.

Arguably, the first malware extortion attack occurred in 1988 – the AIDS Trojan had the potential to be the first example of ransomware, but due to a design flaw, the victims didn’t end up actually having to pay up the 189 bucks. It’s safe to say that over the past 31 years, attackers have perfected the ransomware craft, with organizations shelling out more than $25 billion per year. We don’t expect it to end any time soon.