This alert may not be shared outside your organization, Do Not Repost or send, place on other websites, List servers, or send to others via email, including other associations or parties. Members and Law enforcement use only. Contact us for any permissions. To do otherwise will result in the loss of membership.
Complete Story
02/08/2022
BlackCat ransomware – what you need to know
the State of Security
What is this BlackCat thing I’ve heard about?
BlackCat (also known as ALPHV) is a relatively new ransomware-as-a-service (RaaS) operation, which has been aggressively recruiting affiliates from other ransomware groups and targeting organisations worldwide.
What makes BlackCat different from other ransomware-as-a-service providers?
Like other ransomware groups, BlackCat extorts money from targeted organisations by stealing sensitive data (and threatening to release it publicly), and encrypting systems. But BlackCat goes one stage further and also threatens to launch a distributed denial-of-service (DDoS) attack if its demands are not met.
This technique is known as “triple extortion.”
Furthermore, BlackCat has gained traction since late 2021 by offering payouts to its affiliates of up to 90%.
Alerts
The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.
more information
Resources
Your electronic library to help in fighting financial fraud for all of our partners.
more information