CySecurity News - Latest Information Security and Hacking Incidents

8Base Ransomware: Researchers Raise Concerns Over its Increased Activities

The 8Base ransomware has well maintained its covert presence, avoiding detection for over a year. Although, a recent investigation into the ransomware revealed a significant rise in its operation during the period of May and June. It has been made clear that the ransomware group has been active since at least March 2022. The threat group labels itself as “simple pentesters,” indicating a basic level of proficiency in penetration testing.

Details of the 8Base

According to a research conducted by Malwarebytes and NCC Group, as of May, the ransomware group may have been linked with a total of whopping 67 attacks. Among these cyber incidents, around half of the manufacturing, construction, and business services industries together account for around half of the affected firms. The targeted firms are primarily located in the United States and Brazil, indicating a geographic focus by the threat group. 

June saw a significant surge in ransomware activities. The fact that the offenders used a dual extortion tactic raised the stakes for their victims is notable.

A list of 35 victims who have been identified has so far been on the 8Base-affiliated dark web extortion site. There have even been occasions where up to six companies have fallen victim to the ransomware operators’ nefarious activities at once on specific days.

According to the VMware Carbon Black team, based on its recent activities, and its similarities of ransom notes and content on leak sites along with identical FAQ pages, 8Base

[…]
Content was cut in order to protect the source.Please visit the source for the rest of the article.

This article has been indexed from CySecurity News – Latest Information Security and Hacking Incidents

Read the original article: