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Recently emerged LockFile ransomware family LockFile leverages a novel technique called intermittent encryption to speed up encryption. Sophos researchers discovered that the group is now leveraging a new technique called “intermittent encryption” to speed up the encryption process.
Phobos variants are usually distributed by the SmokeLoader , but in 8Base campaigns, it has the ransomware component embedded in its encrypted payloads. The group has been active since March 2022, it focused on small and medium-size businesses in multiple industries, including finance, manufacturing, businessservices, and IT.
.” The victims of the Lockfile ransomware gang are in the manufacturing, financial services, engineering, legal, businessservices, and travel and tourism sectors. Once encrypted the files, the ransomware will append the .lockfile lockfile extension to the encrypted file’s names.
The group has been active since March 2022, it focused on small and medium-size businesses in multiple industries, including finance, manufacturing, businessservices, and IT. The experts observed a massive spike in activity associated with this threat actor between May and June 2023. and Brazil.
Network Encryption Keeps Our Data in Motion Secure for BusinessServices madhav Tue, 07/25/2023 - 04:59 The demand for high-speed networks and fast data transfers is increasing due to cloud adoption, digital transformation, and hybrid work. Why do you need network encryption in businessservices?
The other most vulnerable sectors were businessservices (23), construction (22), manufacturing (19) and transport (18). By opening the file, the employee unleashes the ransomware and sets in motion an irreversible process whereby sensitive files across the system are encrypted.
“They allegedly used the Phobos malware to encrypt information on the networks, blocking the companies from accessing the data unless a ransom was paid and a decryption key was provided by the gang. Generation of target list of extensions and folders to encrypt. ” reported the website Nation Thailand.
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