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New global ransomware threat uncovered

ShadowSyndicate has been uncovered as a powerful Ransomware-as-a-Service (RaaS) affiliate through a joint investigation by Group-IB, Bridewell, and independent researcher Michael Koczwara. This research was conducted as part of Group-IB's new Cybercrime Fighters Club program, an innovative initiative that fosters collaborative knowledge exchange and joint cybersecurity research.

Key findings:

🔸 Active since July 2022, ShadowSyndicate has left its mark across 13 countries with SSH fingerprints on 85 servers.

🔸 ShadowSyndicate is strongly believed to have leveraged three ransomware families — Quantum, Nokoyawa, ALPHV, and researchers have identified potential links to four more.

🔸 Strong suspicions of employing IcedID and Matanbuchus malware for system infiltrations.

🔸 ShadowSyndicate frequently utilized off-the-shelf tools like Cobalt Strike and Sliver in their attacks.

👉 Learn more here

#ShadowSyndicate #Ransomware #CybercrimeFightersClub #NewReport
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