2023 Ransomware Attacks: Trends and Countermeasures

Introduction:

Ransomware is a dangerous threat in the digital world. It is like a digital kidnapper that takes your important data and locks it away. This software secretly scrambles a victim's data, making it impossible to use, and the attackers demand a ransom, often in cryptocurrencies like Bitcoin or Monero, in exchange for the special key that can unlock the victim's data. The term 'ransomware' clearly shows how cybercriminals hold your data hostage and ask for money to give it back

Unraveling the Name "Ransomware":

The name "ransomware" carries profound significance, providing insight into the nature of these cyber threats. Let's dissect the term to understand its meaning:

  1. Ransom: The perpetrators ruthlessly demand a ransom, typically in cryptocurrency, from the victim, and this payment serves as the crucial key to unlock the encrypted data.
  2. Ware: This suffix, commonly used in the context of software or programs, signifies the malevolent software or malware responsible for orchestrating the encryption of the victim's data.

The fusion of these two elements concisely encapsulates the narrative of ransomware attacks: data is held hostage until a ransom is paid, leaving victims with no choice but to negotiate with digital extortionists. This dark facet of the cyber world has transformed into a lucrative criminal enterprise within the realm of cybercrime.

The Evolving Ransomware Landscape in 2023:

  1. Increased Frequency and Sophistication: The year 2023 has witnessed an alarming surge in the frequency and sophistication of ransomware attacks across the MENA region. Cybercriminals are harnessing increasingly advanced techniques, often resorting to ransomware-as-a-service (RaaS) models. This twist simplifies the execution of attacks, even enabling less-skilled individuals to partake in this act.
  2. Diversification of Targets: Ransomware actors have broadened their scope, extending their reach into diverse sectors. While critical infrastructure and governmental entities continue to remain prime targets, these campaigns have now encompassed sectors such as healthcare, education, and small businesses.
  3. Double Extortion: A notable trend on the ransomware horizon is the adoption of the double extortion strategy. Attackers not only encrypt victims' data but also secretly steal sensitive information. They subsequently wield this stolen data as leverage, threatening to expose it unless the ransom is paid. This dual assault elevates the pressure on victims and the stakes of the digital hostage situation.
  4. Crypto Payments and Anonymity: Cryptocurrency payments, especially involving currencies like Bitcoin and Monero, remain the preferred mode for ransom transactions. These crypto transactions offer a cloak of anonymity to both the assailants and their victims.
  5. Ransomware Gangs and Nation-State Actors: Ransomware groups have evolved into organized cybercrime syndicates, with some even allegedly linked to nation-states. This alliance of state-sponsored and criminal actors poses a challenge to cybersecurity efforts.

Ransomware Statistics in the MENA Region: *

  • 83% of successful cyberattacks were targeted attacks.
  • 20% of attacks were aimed at individuals.
  • Government agencies represent 22% of the total number of attacks on organizations in the region.

Current Methods of Cyberattacks in the Middle East:*

  • 78% of cyberattacks target computers, servers, and network equipment.
  • Attacks on users, amounting to 41% of attacks on organizations and 96% on individuals, are widespread.
  • Web resources are among the most targeted objects, with attackers exploiting web vulnerabilities and pilfering user data.

Malware Used in Attacks in the Middle East:*

  • Almost two-thirds of attacks on organizations in the Middle East deploy various types of malware.
  • Remote Access Trojans (RATs) are commonly used, providing attackers with extensive control over compromised devices.
  • Spyware is prevalent in attacks on individuals, often masquerading as legitimate applications like VPN services.

Ransomware in the Middle East:*

Ransomware groups have emerged as a major global threat, including in the Middle East. The activity of these groups surged by 77% in the first quarter of 2023 compared to the same period in 2022. Notably, the United Arab Emirates (UAE), Saudi Arabia, and Kuwait were the most targeted countries in the Persian Gulf region.

A distinctive feature in the Middle East is the use of "wipers" by malicious actors. These destructive malware types erase all user and system files, posing significant risks when targeting industrial control systems (ICS). An attack on three Iranian steel plants in the second quarter of 2022, where wipers were deployed, led to production disruptions and even fires.

The Ever-Evolving Ransomware Landscape: Unmasking the Threat in 2023:

Ransomware Gangs of 2021: A Glimpse into the Past:

Before we delve into the evolving ransomware landscape of 2023, it's crucial to reflect on the malevolent actors that set the stage for the present-day challenges. In 2021, three notorious ransomware gangs – LockBit, Conti, and Pysa – made headlines for their disruptive campaigns. These groups exemplified the growing sophistication of ransomware attacks during that period.

Initial Access Techniques: Unveiling the Entry Points:**

Understanding the methods used by ransomware affiliates to breach networks provides valuable insights into the ongoing battle against these threats. The initial access techniques employed in 2021-2022 were diverse and effective, highlighting the adaptability of cybercriminals:

  1. External Remote Services (T1133): Ransomware affiliates frequently exploited external remote services like RDP and VPN to gain unauthorized access to networks. This tactic, which focused on exploiting public-facing RDP servers, proved to be a common entry point for attacks. Even large organizations were vulnerable due to the increased reliance on remote workstations.
  2. Exploitation of Public-Facing Applications (T1190): Ransomware operators in 2021 displayed an increasing inclination to exploit vulnerabilities in public-facing applications. Some even gained access to zero-day vulnerabilities, showcasing the evolving sophistication of these attacks. Notable examples included breaches of SonicWall, Atlassian Confluence, Microsoft Exchange, Accellion's File Transfer Appliance (FTA), Kaseya VSA, and more.
  3. Phishing (T1566) and Notable Bots: Bots played a significant role in human-operated ransomware attacks, with phishing as a favored method to deliver these bots and initiate post-exploitation activities. Cybercriminals leveraged frameworks like Cobalt Strike and PowerShell Empire. Notable bots used in ransomware attacks included Emotet, BazarLoader, Qakbot, IcedID, Trickbot, Dridex, Hancitor, ZLoader (Silent Night), and SocGholish.
  4. Supply Chain Compromise (T1195): Some ransomware affiliates resorted to supply chain attacks, similar to the SolarWinds incident, to compromise software distribution channels. An example included a DarkSide affiliate compromising a SmartPSS software website and distributing a Trojanized installer.

2023: The Ransomware Landscape Continues to Evolve:***

Fast forward to 2023, and the ransomware landscape has not only persisted but evolved. While ransomware variants might be decreasing in number, the threat remains significant, causing data breaches and financial losses. Notable ransomware gangs continue to exploit vulnerabilities in legitimate software, tools, and drivers, granting them access to systems and data.

Key Players in 2023:

  • LockBit: LockBit remains a dominant player, targeting various organizations, including Essendant, the Housing Authority of the City of Los Angeles, and Aguas do Porto.
  • Vice Society: This group increased its activity, targeting organizations like the Puerto Rico Aqueduct and Sewer Authority (PRASA), CommScope, and Australia's Fire Rescue Victoria.
  • BlackCat/ALPHV: A top ransomware gang from 2022, it continues to be active, targeting organizations like NCR, Constellation Software, Solar Industries India, and Del Monte Foods.

Emerging Ransomware Groups in 2023:

Besides these established players, new ransomware groups have emerged in 2023, such as DarkBit, Money Message, RA Group, and Medusa. These groups have cast their nets wide, targeting universities, tech companies, airlines, and more, demanding ransoms or leaking sensitive data.

Security Challenges:

Key security challenges persist, including the exploitation of zero-day vulnerabilities, delayed software patching, inadequate protection for Linux servers, and the importance of proper data backup practices.

The Unrelenting Ransomware Threat:

Ransomware actors employ a diverse array of techniques to infiltrate and execute their nefarious designs:

  1. Phishing Emails: Phishing emails laden with malicious attachments or links serve as the Trojan horse leading to ransomware infections. Users are beguiled into unwittingly downloading malware onto their systems.
  2. Remote Desktop Protocol (RDP) Attacks: Attackers exploit frail RDP credentials to infiltrate a victim's network, from which they launch their ransomware onslaughts.
  3. Exploiting Vulnerabilities: Ransomware perpetrators frequently exploit unpatched software vulnerabilities, underscoring the critical importance of timely system updates.

Ransomware as a Service (RaaS) and the New Edition:

Ransomware as a Service (RaaS) emerges as a nefarious subscription-based model, granting affiliates access to pre-fabricated ransomware tools for executing their attacks. Affiliates earn a slice of the ransom pie for each successful payment, democratizing cybercriminal activity and enabling even novice hackers to engage in highly sophisticated digital heists.

Lockbit Ransomware:

Lockbit ransomware campaigns are an ever-evolving menace, employing a myriad of techniques to infiltrate targets and circumvent endpoint security solutions. Operating under the RaaS model, Lockbit has emerged as a dominant ransomware strain. It employs the double extortion tactic, exfiltrating substantial volumes of data before encrypting assets, thereby exerting immense pressure on victims to capitulate.

Lockbit leverages a diverse arsenal of methods to execute its attacks, including the exploitation of exposed RDP ports, phishing emails, and the exploitation of unpatched server vulnerabilities. The evolving sophistication of Lockbit attacks underscores the critical importance of robust cybersecurity measures.

Lockbit 2.0 & 3.0:

Over the course of three years since its emergence, Lockbit has received two notable upgrades, with Lockbit 3.0 introducing support for Zcash cryptocurrency payments and pioneering a bug bounty program, a first for a ransomware group.

STS's Role in Cybersecurity:

STS stands as a stalwart guardian in the realm of cybersecurity, offering robust protection against the perils of ransomware attacks. Our comprehensive services encompass:

  • Detection: A suite of use cases engineered to thwart ransomware attacks during their nascent stages.
  • Multilayered Controls: Employing a multifaceted approach to detect, block, and provide transparency into ransomware and malware downloaders.
  • Protection Against Email and Cloud Threats: Fortifying defenses by authenticating emails and curtailing unauthorized communication.
  • Automated Reporting and Response: Swift action to quarantine or eliminate suspicious messages.
  • Cybersecurity Awareness: Equipping VIP personnel and employees with knowledge to bolster their defenses against ransomware attacks.

Conclusion:

In summary, the ransomware threat, although adapting and evolving, continues to haunt the digital realm in 2023. The lessons from 2021-2022 emphasize the need for robust cybersecurity measures. Understanding the initial access techniques and tactics used by ransomware gangs is pivotal in fortifying our defenses. As we confront the evolving ransomware landscape, vigilance, timely patching, and comprehensive data backup strategies remain our best allies in the ongoing battle against digital extortionists.

_____________________________________________________________________

* https://www.ptsecurity.com/ww-en/analytics/middle-east-cybersecurity-threatscape-2022-2023 
** group-ib.com Ransomware uncovered 2021 -2022
*
** Acronis Mid-Year Cyberthreats Report 2023:

How do you rate the content of the page?

Inquire Now