Cybereason WARNS U.S. Companies About New Ransomware Threat from Black Basta Gang

By Erin Cahill.
Updated Nov 23, 2022

BOSTON (PRWEB) November 23, 2022 - Cybereason, the XDR company, today issued a global threat alert advisory warning U.S. companies about a potentially widespread ransomware campaign run by the Black Basta ransomware gang. Organizations should be on especially high alert for ransomware attacks during the upcoming holidays, as a recent Cybereason study shows that attacks are common over holidays because organizations are generally under-staffed and ill-prepared for them.

The Black Basta gang emerged in April 2022 and has victimized hundreds of companies in the United States, United Kingdom, Australia, New Zealand and Canada. Organizations in English speaking countries appear to be targets. Cybereason assesses the threat level of ransomware attacks against global organizations today being HIGH.

You cant pay your way out of ransomware. Unless an organization is in a life-and-death situation, we dont advise paying the ransom because you are only fueling the burgeoning ransomware economy. With its operations under the eyes of former REvil and Conti ransomware gang members, Black Basta is being professionally run with well-trained and skilled threat actors. They continue using the double extortion scheme of first breaching an organization and exfiltrating sensitive data before dropping the ransomware payload and threatening to publish stolen data unless a ransom is paid, said Lior Div, Cybereason CEO and Co-founder.

Key Findings

Ransomware attacks can be stopped. Cybereason offers the following recommendations to organizations to reduce their risk:

About Cybereason Cybereason is the XDR company, partnering with Defenders to end attacks at the endpoint, in the cloud and across the entire enterprise ecosystem. Only the AI-driven Cybereason Defense Platform provides planetary-scale data ingestion, operation-centric MalOp detection, and predictive response that is undefeated against modern ransomware and advanced attack techniques. Cybereason is a privately held international company headquartered in Boston with customers in more than 40 countries.

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Media contact: Bill Keeler Senior Director, Global Public Relations Cybereason bill.keeler@cybereason.com +1 (929) 259-3261