Ransomware debris: an analysis of the RansomHub operation
www.group-ib.com/blog/rans…
This blog post aims to provide a deep dive into the RansomHub partnership
program including its recruitment procedures, its extortion and negotiation
tactics, as well as an overview of its web platform used by the affiliates.
Since its emergence in February 2024, criminals collaborating with RansomHub
have claimed responsibility for a significant number of attacks, causing
disruption and financial damages to affected companies. Following a possible
acquisition of the web application and ransomware source code of Knight
(formerly Cyclops), RansomHub quickly rose in the ransomware scene, thanks to
the dynamic features of its multi-platform encryptor and an aggressive,
affiliate-friendly model offering substantial financial incentives. This
approach successfully attracted former members of groups such as Lockbit and
ALPHV, who at the time were under increasing pressure from law enforcement
investigations.
This lucrative compensation model, based on a low 10% fee (far below the
ransomware industry standard of 20-30%), combined with the stress caused by
intensified law enforcement actions, has enticed experienced cybercriminals
including members of the Scattered Spider and Evil Corp groups to collaborate
with RansomHub’s operation; improving its capabilities, effectiveness of
attacks and consequently the group’s income.
[A]lthough it is not clear yet what exactly caused the significant increase in
the Qilin’s disclosures in the last 3 months, there is a chance that
criminals have moved from Ransomhub to Qilin. In addition to the increase in
the disclosures and recent news advertised by Qilin on RAMP forum right after
the RansomHub operation went down, we observed that Qilin’s operation has been
reorganized with new staff in the support team as well as in the
administration of the group.