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Caute_cautim
Community Champion

Ransomware Group Uses Harassment Tactics to Secure Payments

Hi All

 

A newly identified ransomware group named Volcano Demon is using aggressive tactics to compel victims to pay ransoms. Halycon, an anti-ransomware firm, recently reported that this group has targeted several organisations in the past weeks with a new encryption tool called LukaLocker.

 

Attack Strategy

 

Volcano Demon’s attack method is both simple and effective. Initially, the hackers infiltrate the target’s network, mapping it out and stealing as many sensitive files as they can. Following this, they deploy LukaLocker to encrypt files and entire systems. The victims are then instructed to pay a ransom in cryptocurrency to receive the decryption key and prevent the stolen data from being leaked.

 

https://www.cysecurity.news/2024/07/ransomware-group-uses-harassment.html

 

Regards

 

Caute_Cautim

 

 

1 Reply
Kyaw_Myo_Oo
Contributor III

Thanks for sharing @Caute_cautim.

 

 

Kyaw Myo Oo
Manager , CB BANK PCL
CCIE #58769 | PCNSE | SAA-C03 | CCSM | CISSP | PMP