A new ransomware known as Black Basta has emerged, attacking at least 12 companies within its first three weeks of operation — including the American Dental Association and wind farm operator Deutsche Windtechnik.
Black Basta continues the trend of using multi-extortion tactics, in which data is exfiltrated before encryption so that cybercriminals may threaten its release if the ransom is not paid. In one attack, the group has demanded a ransom as high as $2 million.
There are similarities between the code and websites used by Black Basta and Conti, leading some researchers to believe that Black Basta may be a rebrand of Conti. This is a common tactic used by threat actors to circumvent law enforcement.
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