Most wanted: The top 5 online crime gangs running ransomware
DarkSide, REvil, Clop, Syrian Electronic Army Far, and FIN7 are the ones you need to watch out for
DarkSide
DarkSide is the group behind theColonial Pipelineransom attack in May, which shut down the US Colonial Pipeline’s fuel distribution network, triggering gasoline shortage concerns.
The group seemingly first emerged in August last year. It targetslarge companiesthat will suffer from any disruption to their services — a key factor, as they’re then more likely to pay a ransom. Such companies are also more likely to havecyber insurancewhich, for criminals, means easy money-making.
DarkSide’s business model is to offer aransomware service. In other words, it carries out ransomware attacks on behalf of other, hidden perpetrator/s so they can lessen their liability. The executor and perpetrator then share profits.
Groups that offer cybercrime-as-a-service also provide online forum communications to support others who may want to improve their cybercrime skills.
This might involve teaching someone how to combinedistributed denial-of-service (DDoS) and ransomwareattacks, to put extra pressure on negotiations. The ransomware would prevent a business from working on past and current orders, while a DDoS attack would block any new orders.
REvil
The ransomware-as-a-service group REvil is currently making headlines due to the ongoing Kaseya incident, as well as another recent attack onglobal meat processing company JBS. This group has been particularly active in 2020-2021.
In April, REvil stole technical data on unreleased Apple products from Quanta Computer, a Taiwanese company that assembles Apple laptops. Aransom of US$50 millionwas demanded to prevent public release of the stolen data. It hasn’t been revealed whether or not this money was paid.
Clop
The ransomwareClopwas created in 2019 by a financially motivated group responsible for yieldinghalf a billion US dollars.
The Clop group’s specialty is “double-extortion”. This involves targeting organizations with ransom money in exchange for a decryption key that will restore the organization’s access to stolen data. However, targets will then have to pay extra ransom to not have the data released publicly.
Historical examples reveal that organizations which pay a ransom once are more likely to pay again in the future. So hackers will tend to target the same organizations again and again, asking for more money each time.
Syrian Electronic Army
Far from a typical cybercrime gang, the Syrian Electronic Army has been launching online attacks since 2011 to promote political propaganda. With this motive, they have been dubbed ahactivistgroup.
While the group haslinkswith Bashar al-Assad’s regime, it’s more likely made up ofonline vigilantestrying to bemedia auxiliaryfor the Syrian army.
Their technique is to distributefake newsthrough reputable sources. In 2013, a single tweet sent by them from the official account of the Associated Press, the world’s leading news agency, had the effect ofwiping billionsfrom the stock market.
The Syrian Electronic Army exploits the fact that most people online have a tendency to interpret and react to content with an implicit sense of trust. And they’re a prime example of how theboundariesbetween crime and terror groups online are less distinct than in the physical world.
FIN7
If this list could contain a “super villain”, it would be FIN7. Another Russian-based group, FIN7 is arguably the mostsuccessfulonline criminal organization of all time. Operating since 2012, it mainly works as abusiness.
Many of its operations have been undetected for years. Its data breaches have exploitedcross-attackscenarios, wherein the data breach serves multiple purposes. For example, it may enable extortion through ransom while also allowing the attacker to use data against victims, such as by reselling it to a third party.
In early 2017, FIN7 was alleged to be behind an attack targetingcompanies providing filingsto the US Security and Exchange Commission. This confidential information was exploited and used to obtain ransom which was then invested on the stock exchange.
As such, the groups made huge sums of money by trading on confidential information. Theinsider tradingscheme facilitated by hacking went on for many years — which is why it’s not possible to quantify the exact amount of economic damage. But it’s estimated to be well over US$1 billion.
Organized crime vs organized criminals
When it comes to complex criminal organizations,techniquesevolveandmotivesvary.
The way they organize themselves and commit crimes online is very different from your local offline gang. Ransomware can be launched from anywhere in the world, so it’s very difficult to prosecute these criminals. Matters are made even more complicated when several parties coordinate across borders.
It’s no wonder the challenge for law enforcement agencies is significant. It’s crucial that authorities investigating an attack are sure it was indeed perpetrated by who they suspect. But to know this, they need all the help they can get.
Article byRoberto Musotto, Research fellow,Edith Cowan University;Brianna O’Shea, Lecturer, Ethical Hacking and Defense,Edith Cowan University, andPaul Haskell-Dowland, Associate Dean (Computing and Security),Edith Cowan University
This article is republished fromThe Conversationunder a Creative Commons license. Read theoriginal article.
Story byThe Conversation
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