According to security researchers, a ransom DDoS campaign retargeting organizations around the world is underway.
In a cyber security alert by Radware, the first wave began in August, but DDoS extortionists targeted companies with a global ransom DDoS campaign for a second time during the last week of December and the first week of January.
The new extortion emails the cyber criminals sent started with: “Maybe you forgot us, but we didn’t forget you. We were busy working on more profitable projects, but now we are back.”
“We asked for 10 bitcoin to be paid at [bitcoin address] to avoid getting your whole network DDoSed. It’s a long time overdue and we did not receive payment. Why? What is wrong? Do you think you can mitigate our attacks? Do you think that it was a prank or that we will just give up? In any case, you are wrong,” the emails continued.
According to Radware, companies that received this letter also received threats in August and September 2020. Security researchers’ analysis of this new wave of ransom letters suggested that the same threat actors from the middle of 2020 are behind these malicious communications.
When the DDoS extortion campaign started in August of 2020, a single Bitcoin was worth approximately $10,000. It’s now worth roughly $30,000. The attackers cited this in the latest round of ransom letters, and it represents the impact the rising price of Bitcoin is having on the threat landscape.
A few hours after receiving the message, organizations were hit by DDoS attacks that exceeded 200Gbps and lasted over nine hours without slowdown or interruption. A maximum attack size of 237Gbps was reached with a total duration of nearly 10 hours, the alert warned.
Pascal Geenens, director of threat intelligence at Radware, told IT Pro that DDoS extortion campaigns have traditionally been seasonal events. They would run annually for a few weeks and target specific industries or companies before the threat actor would typically give up.
“This campaign represents a calculated shift from these tactics and DDoS extortion has now become an integral part of the threat landscape. This is a clear indicator that companies need to take DDoS extortion campaigns seriously,” Greenens said.
“Without DDoS protection, organizations are exposed and vulnerable to repeat attacks and there is no guarantee it will stop following payment. This type of cyber criminal is seeking financial gain and by knowing an organization has succumbed to the threat, it will lead them to retarget again in the future.”
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Rene Millman is a freelance writer and broadcaster who covers cybersecurity, AI, IoT, and the cloud. He also works as a contributing analyst at GigaOm and has previously worked as an analyst for Gartner covering the infrastructure market. He has made numerous television appearances to give his views and expertise on technology trends and companies that affect and shape our lives. You can follow Rene Millman on Twitter.