Veeam RCE Bug Now a Target for Frag Ransomware Operators

Recently, a critical VBR (Veeam Backup & Replication) security flaw was exploited by cyber thieves to distribute Frag ransomware along with the Akira and Fog ransomware attacks.

Florian Hauser, a security researcher with Code White, has discovered that the vulnerability (tracked as CVE-2024-40711) is a result of the deserialization of untrusted data weakness that unauthenticated threat actors can abuse to gain remote code execution (RCE) on Veeam VBR servers by exploiting. 

Despite releasing a technical analysis of CVE-2024-40711 on September 9, Watchtower Labs delayed the release of a proof-of-concept exploit until September 15 to allow admins to take advantage of the security updates that Veeam released on September 4 for this vulnerability. 

According to Sophos researchers, ransomware operators are leveraging a critical vulnerability in Veeam Backup & Replication called CVE-2024-40711 to create rogue accounts and deploy malware to users in order to execute their attacks.

On early September 2024, Veeam released security updates for the Service Provider Console, Veeam Backup & Replication, and Veeam One products to address several vulnerabilities that could undermine the security of their products.

The company fixed 18 issues with high or critical severity for these products.

This September’s security bulletin contains a critical,

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