8Base Ransomware targets only companies neglecting privacy of employees and customers

    A new ransomware named ‘8Base’ is on the prowl and seems to be only targeting companies that do not show seriousness in protecting information of their customers and employees. The said ransomware gang that is into the tactic of double extortion appeared first in March 2022 and remained silent thereafter. However, for the past two months, the criminals are showing a lot of interest in shaming their victims on their blog, sometimes 6 in a day.

    According to a report formalized by VMware’s security wing Carbon Black, 8Base Ransom-ware has links to a cyber criminal group dubbed RansomHouse and is into the world of extortion and associated with the hackers linked to another cybercrime group FIN8.

    Since, June’ 23, 8Base has targeted more than 67 victims, mostly businesses operating in Brazil and the United States. And is busy seeking opportunity to target firms connected with various industries by September this year.

    Malwarebytes threat detection team that followed the criminals confirmed that they are behind businesses that are into manufacturing and construction sector and have downed computer net-works of over 43 companies till date, with more to follow.

    On the other hand, news is out that Microsoft will soon announce a special ransomware repel-ling feature for Windows 11 PCs that will block malware attacks of any range by December this year. However, it is unclear whether the new ransomware thwarting feature will be available to individual licenses or only the bulk ones connected in the network.

    Additionally, there is no news on how different will be the new feature from the already existing feature of Microsoft Windows Security or whether it will available as a separate download or will be integrated into the current security solution via a special software update.

    Naveen Goud
    Naveen Goud is a writer at Cybersecurity Insiders covering topics such as Mergers & Acquisitions, Startups, Cyber Attacks, Cloud Security and Mobile Security

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