Volcano Demon Ransomware Group Rings Its Victims To Extort Cash


What’s occurring?

Safety researchers have warned {that a} new ransomware group has taken an uncommon twist on the standard technique of extorting cash from its company victims.

So what’s completely different this time?

Whereas many ransomware assaults see an organization’s firm’s information exfiltrated by attackers, and the risk made that stolen information shall be bought to different cybercriminals or launched to the general public, the Volcano Demon gang…

Sorry, excuse me? Volcano Demon?

Sure, that is the title of the ransomware gang. Can I proceed?

Positive. Go forward. What are they doing?

As I used to be saying… the Volcano Demon group would not seem to trouble going to the trouble of making a web site on the darkish net to publish leaked information. As an alternative, it conducts its negotiations with its victims by way of the telephone.

Wow. So may I truly find yourself talking to the attackers if I labored at an organization that was struck by a ransomware assault?

Sure, and it is more likely {that a} member of employees outdoors your cybersecurity staff finds themselves within the prickly place of performing as a negotiator, not like a requirement that arrives by way of an electronic mail or a ransom word dropped by the cybercriminals in your compromised community.

Why would a ransomware gang even do that?

I hear you. As ransom negotiation methods go, it sounds positively old-school to have a dialog over the telephone. You may count on somebody extorting a ransom again within the Nineteen Seventies to make their calls for on a phone name, however not a lot within the digital age the place know-how might help cover a villain’s true id and placement.

Safety researchers at Halcyon, which has reported seeing no less than two profitable assaults perpetrated by Volcano Demon within the final week, say that the calls might be threatening in nature and are available from unidentified caller-ID numbers.

So the corporate’s information is encrypted by the ransomware?

Sure, the Volcano Demon ransomware group encrypts recordsdata in your firm community with LukaLocker, altering file extensions to .nba.

So they need cash for a decryption key. However do additionally they steal the information?

I am afraid so. Previous to information being encrypted within the assault, it’s exfiltrated out of organisations. Because of this corporations might be threatened with the distribution of their information in the event that they refuse to pay up.

How does a ransomware gang phoning you up change issues?

It is easy to think about how a telephone name might be extra intimidating than an electronic mail message. Media studies point out that the calls demanding the ransom might be “frequent” and that the attackers have a “heavy accent.” At this stage, it has not been doable to find their nation of origin.

In a conventional ransomware state of affairs, it is often pretty simple for the sufferer to determine who will have interaction with the attackers and probably negotiate how a lot of a ransom to pay. Nonetheless, a telephone name from an attacker may happen at any time of day or night time and is perhaps to any of many doable phone numbers inside your organisation.

Workers who’re working outdoors of the cybersecurity staff might unexpectedly discover themselves talking to an attacker. Dealing with conversations of this kind is difficult sufficient for any enterprise; some will even usher in skilled negotiators. However when it may be anybody on the payroll who receives the decision from the extortionist, it is a lot tougher to manage.

So, you stated the telephone calls might be intimidating and threatening?

Sure. The cybercriminals can have no qualms about making threats to safe their payday. And the ransom word left by the attackers would not beat across the bush both:

“Your company community has been encrypted. And that’s not all – we studied and downloaded loads of your information.” “When you ignore this incident, we’ll make sure that your confidential information is broadly obtainable to the general public. We’ll guarantee that your purchasers and companions learn about the whole lot, and assaults will proceed. Among the information shall be bought to scammers who will assault your purchasers and staff.”

However will not the authorities be capable to discover out the place the telephone name has come from?

Though the calls have up to now come from unidentified caller-ID numbers, there may be hope that the attackers’ use of telephone calls reasonably than profiting from the darkish net’s anonymity will finally work to the police’s benefit.


Editor’s Notice: The opinions expressed on this visitor writer article are solely these of the contributor and don’t essentially mirror these of Tripwire.

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