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Silent Ransom Group: Zero-Encryption Cyber Extortion

An employee takes a call from a friendly voice claiming to be internal IT. The caller is following up on an issue and finishing it should only take a few minutes. The employee cannot recall opening a ticket, and with work waiting, they download the “help tool” as instructed, approve remote access to the computer, and get back to what they were doing. The whole thing is forgotten by lunch. Read more
Raymond Umerley
Raymond Umerley

Field CISO

Adverse Cyber Extortion Outcomes Happen More Often Than Victims Are Told

In February of 2024, a consortium of law enforcement agencies took down LockBit ransomware group. The discovery that LockBit retained victims’ stolen data despite promises to delete it demonstrates a critical flaw in the advice often given to ransomware victims. At the time, many legal and incident response professionals recommended payment on the assumption that LockBit had a strong financial incentive to honor its commitments and that the likelihood of data being publicly released after payment was relatively low. While that assessment may have appeared reasonable based on short-term observed outcomes, it relied heavily on assumptions about the behavior of a criminal enterprise that could never be independently verified. Read more
Bill Siegel
Bill Siegel

CEO, Coveware by Veeam