The notorious cybercriminal organization Evil Corp, which was responsible for the Dridex and Zeus banking Trojans and BitPaymer ransomware, have started using a brand new ransomware called Wastedlocker, so named due to the .wasted extension which is used on encrypted files.
Evil Corp has been relatively quiet in recent months following the indictment of two high-profile members of the group by the U.S. Department of Justice in December 2019 for their role in the creation and distribution of Dridex and Zeus. The group bounced back with relatively low-level campaigns in January, but there has been little activity since. It appears that the time has been spent developing WastedLocker ransomware, which appears to have been mostly written from scratch.
WastedLocker ransomware was first used in May 2020 and is believed to be a replacement for BitPaymer ransomware. In the short space of time that the new ransomware has been in use, attacks have been conducted on at least 31 organizations, according to data from Symantec. Most of the victims are located in the United States, eight of which are Fortune 500 companies and 11 are publicly listed. Attacks have been conducted on companies operating in a wide range of industry sectors, with the manufacturing, information technology, and media and telecommunications sectors experiencing the highest number of attacks.
Evil Corp appears to be targeting large organizations with deep enough pockets to pay the sizeable ransom demand, which has ranged from $500,000 to $10 million in some cases. In contrast to many other ransomware operators, Evil Corp does not steal data prior to file encryption, although that could well change in the future. The group certainly has the technical skill to adopt that tactic, but it appears that they have refrained from doing so to stay under the radar.
In addition to encrypting endpoints, the group is targeting database services, file servers, virtual machines and cloud environments to cause maximum disruption to maximize the probability of the ransom being paid. The group is careful and patient, often waiting several months before their ransomware encryption routine is triggered.
Evil Corp is one of many threat actors to have adopted ransomware, with attacks on businesses having increased over the past few months. Around 15 groups are now conducting manual ransomware attacks in which data is stolen prior to file encryption and threats are issued to publish or sell the stolen data if the ransom is not paid. This tactic has been effective, with around half of businesses paying the ransom.
The University of California San Francisco is one of the latest victims that has been forced to pay the ransom to recover data encrypted in the attack. That ransomware attack involved NetWalker ransomware, and data was stolen in that attack prior to encryption. Without access to essential research data, the university had little option other than paying the $1.14 million ransom.
Organizations are attacked in a variety of ways, often using brute force tactics on RDP or exploiting vulnerabilities in VPNs, but there has also been an increase in email-delivered ransomware and drive-by malware downloads, highlighting the need for advanced email and web security solutions, which is an area where TitanHQ can help.