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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%.

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