Double-Extortion Play Ransomware Strikes 300 Organizations Worldwide

Double-Extortion Play Ransomware Strikes 300 Organizations Worldwide

December 19, 2023 at 01:03AM

The Play ransomware group has impacted around 300 entities and is using a double-extortion model to attack businesses and critical infrastructure globally. Ransomware attacks are increasingly exploiting vulnerabilities, leading to a rise in ransomware-as-a-service operations. The ransomware landscape continues to evolve, with emerging groups and collaboration among cybercriminals.

Key takeaways from the meeting notes:

1. The Play ransomware group has impacted approximately 300 entities and employs a double-extortion model.
2. Ransomware attacks are increasingly exploiting vulnerabilities rather than using phishing emails.
3. The group has transformed into a ransomware-as-a-service (RaaS) operation, offering its services to other threat actors.
4. Play ransomware uses a variety of tools for carrying out attacks, including data exfiltration and encryption steps.
5. Karakurt group eschews encryption-based attacks in favor of pure extortion after obtaining initial access to networks.
6. BlackCat ransomware may have been a target of a law enforcement operation, while NoEscape is alleged to have pulled an exit scam.
7. The ransomware landscape is evolving and shifting, with nascent groups and collaboration between ransomware gangs.

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