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LockFile Ransomware uses a new intermittent encryption technique

Security Affairs

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.

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8Base ransomware operators use a new variant of the Phobos ransomware

Security Affairs

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, business services, and IT.

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Experts warn of a spike in May and June of 8Base ransomware attacks

Security Affairs

The group has been active since March 2022, it focused on small and medium-size businesses in multiple industries, including finance, manufacturing, business services, and IT. The experts observed a massive spike in activity associated with this threat actor between May and June 2023. and Brazil. and Brazil.

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UK Suffers Third Highest Rate of Ransomware Attacks in the World

IT Governance

According to its analysis , 260 organisations in the UK fell victim to ransomware between January 2020 and June 2022, a figure that’s only exceeded by Canada (276) and – in a distant lead – the US (2,379). The other most vulnerable sectors were business services (23), construction (22), manufacturing (19) and transport (18).