Black Basta: The Fallen Ransomware Gang That Lives On

The pecking order of ransomware gangs is always shifting and evolving, with the most aggressive and reckless groups netting big payouts from vulnerable targets—but often ultimately flaming out. Russian-speaking group Black Basta is the latest example of the trend having stalled out in recent months due to takedowns by law enforcement and a damaging leak. But after some quiet weeks, researchers warn that, far from being dead and gone, the actors involved with Black Basta will reemerge in other cybercriminal groups—or potentially already have—to start the cycle once again. Since appearing in April 2022, Black Basta has generated hundreds of millions of dollars in payments targeting an array of corporate victims in health care, critical infrastructure, and other high-stakes industries. The group uses double extortion to pressure targets into paying a ransom—stealing data and threatening to leak it while also encrypting a target’s systems to hold them hostage. The US Cybersecurity and Inf ... Read full article.