Ransomware is defined as "a type of malicious software designed to block access to a computer system until a sum of money is paid." In general, ransomware can be distributed randomly or in a (semi-)targeted manner. The latter can be aimed at either individuals, or to specific businesses, organisations, or government agencies. Ransomware attacks, and targeted ransomware in particular, can result in serious consequences for the victim, such as the disruption of operations, financial loss, or the loss of sensitive or proprietary information. The motivations behind these attacks vary, but most often the attackers are seeking to extract a large sum of money from the victim. In some cases, the attackers may also be motivated by political or ideological goals, such as causing disruption or destruction.
Ransomware Actors
Ransomware actors come in all shapes and sizes. They can be well-organized and even state-funded Advanced Persistent Threat (APT) groups, politically or socially motivated hacktivist teams, or even bored individuals with questionable moral standards looking to stir chaos and gain financial advances. Some of them focus primarily on ransomware attacks, while others specialize in, say, espionage, but occasionally engage in ransomware attacks. Hunt & Hackett currently tracks 97 distinct ransomware actors.
When a ransomware attack takes place, it is not always obvious who is behind it. Often times, attacks and the malware used remain unattributed to any specific known or emerging group. Based on the available information Hunt & Hackett has compiled, Russia, China and Iran have the highest number of groups operating in the business of ransomware. Even though their main targeted countries vary, and social and political events often change the dynamics, in general the United States, the United Kingdom and Germany experience the highest number of attacks.
A Typical Ransomware Attack
Groups that have been observed to engage in ransomware attacks tend to use a wide variety of techniques, but Phishing, using Command and Scripting Interpreters, Obfuscating Files or Information, enticing User Execution and using Encrypted Channels are among the most utilized methods. The picture above shows the phases of a typical ransomware attack. This includes the initial foothold phase, during which the attackers gain access to the targeted network and start establishing their presence. During the next phase, network propagation, the attackers gain access to more devices or even the whole infrastructure. The last phase – action on objectives – is what is commonly thought of as the attack itself. This is when the attackers conduct the actual information theft, encryption of files, destruction, or all of the above. These moves then allow them to demand ransom from the organization in exchange for the stolen or encrypted data. However, it is worth noting that this is only one way of conducting a ransomware attack, and more variations have been continuously emerging. For instance, triple extortion attacks would involve additional steps, most often DDoS attacks and publication of stolen data. The following section will explore the different variations to better understand how ransomware attacks can play out.
Interested in learning more? Read our definitive guide to ransomware at the link below.