Key Takeaways: An in-depth analysis of Midas and trends across other Thanos ransomware variants reveals how ransomware groups shifted tactics in 2021 to:

lower sunk costs by using RaaS builders to reduce development time increase payouts with double extortion tactics by using their own data leak sites extend the length and effectiveness of campaigns to get the highest investment returns by updating payloads and/or rebranding their own ransomware group

Advertised on the darkweb for Ransomware-as-a-Service (RaaS), Thanos ransomware was first identified in February 2020.…

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BlackCat is a recent and growing ransomware-as-a-service (RaaS) group that targeted several organizations worldwide over the past few months. There are rumors of a relationship between BlackCat and the BlackMatter/DarkSide ransomware groups, infamous for attacking the Colonial Pipeline last year. According to a BlackCat representative, BlackCat is not a rebranding of BlackMatter, but its team is made from affiliates of other RaaS groups (including BlackMatter).…
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In March 2022, we came across evidence that another, relatively unknown, ransomware known as Nokoyawa is likely connected with Hive, as the two families share some striking similarities in their attack chain, from the tools used to the order in which they execute various steps.

Hive, which is one of the more notable ransomware families of 2021, made waves in the latter half of the year after breaching over 300 organizations in just four months — allowing the group to earn what could potentially be millions of US dollars in profit.…

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By: Joshua Platt, Jonathan Mccay and Jason Reaves

An actor recently has been starting up a RaaS solution that appears to primarily focus on individual computers instead of entire enterprises but is also reusing objects from other ransomware families. Not a lot has been discussed about this ransomware but we did find a tweet mentioning one of the samples[3] during our research.…

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