September 12, 2024 at 02:04AM
The cybercriminal group “CosmicBeetle” targets small businesses in Turkey, Spain, India, and South Africa with ransomware, often experiencing glitches due to its low sophistication. The group exploits older vulnerabilities, particularly in software used by small businesses, and has links to the LockBit group. Small and midsize businesses are its main targets due to weaker patch management.
After reviewing the meeting notes, here are the key takeaways:
1. A cybercriminal group known as “CosmicBeetle” is targeting small businesses in Turkey, as well as in Spain, India, and South Africa. The group exploits vulnerabilities in technologies used by these businesses to install ransomware.
2. CosmicBeetle’s ransomware attacks are characterized by a “low level of sophistication” and a “rather chaotic encryption scheme.” This has resulted in glitches and problems, such as failed data recovery and uncertainties surrounding decryption.
3. The group demonstrates immaturity in its malware development skills, leading to issues affecting victims of the ransomware. They often deploy custom ransomware but are now also involved in the RansomHub affiliate program, indicating a shift in tactics.
4. CosmicBeetle targets small and midsize businesses by exploiting older vulnerabilities in software commonly used by such organizations. The group’s targets include various industries such as manufacturing, pharmaceuticals, legal, education, and healthcare.
5. Turkey accounts for the most victimized organizations, with significant numbers also from Spain, India, South Africa, and other countries. While the group’s connection to Turkey is speculated, it is likely that they have more knowledge of Turkey and feel more confident choosing targets there. Other targets are chosen opportunistically based on vulnerability and interest as a ransomware target.
These takeaways provide a comprehensive overview of the CosmicBeetle cybercriminal group’s activities and their modus operandi. Let me know if you need more information or if there are any specific actions to be taken based on this information.