December 30, 2023 at 10:25AM Security Research Labs (SRLabs) has developed a decryptor called the “Black Basta Buster” that allows victims of the Black Basta ransomware to potentially recover their files for free, exploiting a flaw in the encryption algorithm used by the ransomware gang. However, the developers have since fixed the bug, rendering the … Read more
November 30, 2023 at 09:42AM Since early 2022, the Black Basta ransomware group has extorted over $100 million from victims. Linked to the defunct Conti group, Black Basta employs double extortion tactics, targeting diverse industries, primarily in the US. Analysis by Elliptic ties them to Conti and shows a significant portion of victims pay ransoms, … Read more
November 30, 2023 at 08:24AM Since April 2022, the Black Basta ransomware group has amassed over $107 million, with at least 90 out of 300+ victims paying ransoms. Likely evolved from Conti, the group uses Qakbot for malware deployment and shares typical ransomware-as-a-service payment structures. Its breach of Capita sparked widespread legal action. Meeting Takeaways: … Read more
November 29, 2023 at 01:20PM Since April 2022, Black Basta, a Russia-linked ransomware gang, has obtained over $100 million from double extortion attacks on over 329 entities worldwide. Around 35% of its 90+ victims have paid ransoms, including multi-million dollar settlements. The group may originate from the disbanded Conti gang or have FIN7 ties. **Meeting … Read more
November 3, 2023 at 05:10PM Ransomware attacks have been on the rise recently, with various organizations falling victim, including the Toronto Public Library, ACE Hardware, Mr. Cooper, and the British Library. In response, a coalition of 40 countries will pledge to stop paying ransom demands. Microsoft also commits to enhancing security through its ‘Secure Future’ … Read more