What Happened:

• On 10 May 2026, the UK-based firm Arup Group was listed as a victim on the Tor data leak site of FulcrumSec. 
• On their Tor data leak site, FulcrumSec stated that they have exposed 700GB of GitHub repos and 2TB of Azure and AWS S3 cloud, plus database backups.
• Other types of data the adversary claims to have stolen includes Neuron BMS client databases, Odoo ERP data, A66 landowner files, Apple code-signing certificates with plaintext passwords, a Google Cloud Platform (GCP) project with production payment gateway credentials, and the source code of ArupCompute and Oasys. 
• The FulcrumSec operators also claimed to have spent over half a year analysing the data and went through “email correspondence” with the company before publishing the stolen data.
• On the victim post, FulcrumSec wrote a detailed incident breakdown. In it, they stated they gained initial access in September 2025 via a GitHub personal access token found hardcoded in a JavaScript file on a forgotten subdomain, which provided access to over 10,000 private GitHub repositories belonging to Arup Group.
• From there, they scanned the repositories and found additional hardcoded tokens, API keys, and passwords for AWS, Azure, and databases.
• The adversary stated that Arup detected the Github and Azure Storage intrusions approximately six weeks after they happened and rotated the credentials, but it was too late as the data had been exfiltrated. 
• FulcrumSec also stated they pivoted into the AWS infrastructure using keys they had found belonging to Arup’s subsidiary Neuron.
• FulcrumSec allegedly waited until April 2026 to contact their victim, Arup Group, due to the time it took to analyse the vast amounts of stolen data.
• Impacted client organisations of Arup Group were also mentioned in the post, such as Disney and several other Hong Kong companies. The adversary reportedly uncovered Amazon data center seismic fragility data, British Petroleum (BP) site selection coordinates, and Queensferry Crossing internal documents as well.
• Critically for the UK, the breached data exposed up to 62 HS2 related GitHub repositories. This involved Euston Station pile design files, ground movement assessments, over 14,000 sensor monitoring records, 48 archaeological site GPS coordinates (including Jones Hill Wood, a sensitive site for environmentalists), as well as confidential documents.

Analyst Comment:

Arup Group is a large multinational architectural design and engineering firm based in London who has been involved in constructing the Wembley Football Stadium in London, the HS1 Channel Tunnel Rail Link network, and the Eden Project in Cornwall, among other significant international construction projects.

Active since September 2025, FulcrumSec is a financially motivated data-theft-extortion group that specialises in rapid exfiltration of cloud-hosted databases by exploiting unrotated API keys and misconfigured cloud permissions.

This attack was noteworthy due to its highly targeted nature. FulcrumSec claimed they had access to Arup Group’s data for seven months and they clearly invested significant time to analyse the documents and spent weeks negotiating over email. Plus, to find initial access they also would have had to spend time checking Arup’s domains and Internet-facing assets to eventually find a single leaked credential to exploit. These types of targeted intrusions often only happen to large companies. This is because for it to be worth the cybercriminal’s time, effort, and risk to their freedom they will want a large ransom payment that only rich companies can typically afford.

FulcrumSec is an adversary worth monitoring due to the effort they put into their intrusions compared to other smash-and-grab ransomware campaigns. In October 2025, in a case documented by VX-Underground, FulcrumSec emailed detailed information about the breach they conducted with the aim of those details getting published and exert additional pressure on the victim.

Interestingly, FulcrumSec said the ransom they demanded was less than 1% of Arup’s annual revenue and was less than how much Arup lost to the deepfake fraudsters. This is a reference to Arup reportedly lost over £20 million pounds in 2024 after one of their Hong Kong employees was duped into sending cash to cybercriminals using an AI-generated video call. The fact Arup became publicly known for falling victim to a large scam potentially contributed to the adversary’s decision to select and focus them for this attack.

Defensive Takeaways:

• Asset Inventory and Shadow IT Audits: Identifying the outdated unused domains with hardcoded credentials is standard best practices. All organisations must have processes in place to catalog and retire systems to avoid incidents like this. 
• Hardcoded Credentials in Code: They way FulcrumSec gained access demonstrates the importance of using secret environment variables and features like GitHub Secret Scanning.
• Implement Incident Response Procedures: Importantly, Arup detect the activity too late and it took them a staggering six weeks to rotate credentials (according to the adversary), which shows why having automated systems to check for unauthorised usage and reset tokens and all accounts is crucial to respond to such attacks.
• GitHub Activity Monitoring: The adversary claimed they were able to clone thousands of GitHub repositories containing sensitive data without being detected. These types of activities are available to monitor and detect in GitHub Audit Logs. It’s also important to have a plan in place when suspicious activities are detected.
• Third-Party Risk Management Programs: This incident also had some notable downstream impact. It shows why client organisations of another company’s services need to know what data and how much data is stored by third-parties for when such breaches occur. Knowing what’s potentially exposed will streamline the response to the incident.
• Deception Tech: Arup could have implemented a boobytraps for the adversary such as the use of CanaryTokens inside sensitive documents. As the adversary spent time analysing the Arup’s documents before contacting them, if they open a boobytrapped document, then the incident could been detected much earlier and the damages could have been reduced.

Relevant Sources:

1. https://x.com/darkwebinformer/status/2053281385582891437 
2. https://www.ransomware.live/id/QXJ1cCBHcm91cEBmdWxjcnVtc2Vj 
3. https://en.wikipedia.org/wiki/Arup_Group
4. https://www.theguardian.com/technology/article/2024/may/17/uk-engineering-arup-deepfake-scam-hong-kong-ai-video

Relevant CTI Resources:

1. https://www.ransomware.live/group/fulcrumsec
2. https://x.com/vxunderground/status/1975629199323853027 
3. https://www.reddit.com/r/Scams/s/wfZ3Wp94mY
4. https://www.bleepingcomputer.com/news/security/lexisnexis-confirms-data-breach-as-hackers-leak-stolen-files/

 

Introduction

The Ransomware Tool Matrix continues to be a useful passion project that I am happy to continue maintaining. One piece of common feedback I've received for the Ransomware Tool Matrix was that individuals would like to contribute their observations to it, but do not have public links they can cite (such as a formal blog post on a company website). Therefore, I came up with a plan to make a reporting template to help with this.

What are Community Reports?

Individuals can now share what tools they have seen various ransomware groups, affiliates, or initial access brokers (IABs) use via the new Community Report Template. The level of detail provided is the contributor's choice. The more verifiable information shared, the increased level of reliability and credibility.

You can view the current list of Community Reports on GitHub here.

Why the need for Community Reports?

Most of the sources of CTI about ransomware TTPs comes from open source reports by organisations such as the US Cybersecurity and Infrastructure Security Agency (CISA), The DFIR Report, and other cybersecurity vendors. From the beginning it was important to recognise the importance of the having public citations by reputable organisations to maintain the reliability and credibility of the resource overall. Consumers of the Ransomware Tool Matrix should feel confident that the information provided is of high standard and legitimate.

The problem was, however, that members of the cybersecurity community who may work with victims of ransomware attacks also have information about what tools which ransomware group uses. 

The sources of this information could come from various sources, such as from Digital Forensics and Incident Response (DFIR) service providers, Managed Security Service Providers (MSSPs), Endpoint Detection and Response (EDR) vendors, or security researchers who manage to obtain threat intelligence about ransomware groups via various other means, such as infiltrating cybercrime forums or open directory hunting.

These sources of information did not currently have a way to contribute to the Ransomware Tool Matrix due to the missing factor of a publicly citable blog.

How do Community Reports work?

Members of the Community with information and tools used by ransomware groups can now share their observations via a structured report template shown below.

Whether to include all the details here is up to the contributor, but this type of reporting system is an option for community members to share their findings with the rest of the community who are interested in this information.

Anyone who wants to submit a Community Report can copy the code, edit in their findings, and submit a pull request to the GitHub repository. Alternatively, they can fork the project and then I can merge their commits to the main branch. More details about how to creating a pull request from a fork can be found in the GitHub's Docs here.

Conclusion

One of the problems of cybersecurity vendor blogs is that a lot of them are marketing material and therefore, details about every ransomware incident a company worked on is not great marketing. However, as CTI analysts, incident responders, threat hunters, and detection engineers, these details are crucial for our day-to-day lives. Hence why the Community Report system was one of the most common pieces of feedback I received and why I created it.

I look forward to the contributions from the community to this new reporting system and hope it helps many more who are keen to see and read about what the latest tools are that the ransomware cybercriminals are using.

Introduction

This blog is a summary and analysis of recent additions to the Ransomware Tool Matrix (RTM) as well as the Ransomware Vulnerability Matrix (RVM). Feedback from the infosec community about these projects has been overwhelmingly positive and many researchers have contacted me to tell me how helpful they have found these to be. It makes me happy to hear how doing something in my spare time can help stop ransomware attacks and cybercriminals from exploiting our society’s systems. And it is for that reason, I shall continue to maintain these projects as long as ransomware is still around. For anyone new to these projects, please read the descriptions on GitHub or feel free to watch my talk explaining the project at BSides London.

Background on the current ransomware ecosystem as of May 2025

Following the impact of Operation Cronos against LockBit and the exit scam by ALPHV/BlackCat, the ransomware ecosystem has been even more unstable than usual. The exit scams and law enforcement infiltration operations have created a zero trust environment for the cybercriminals participating in the ransomware economy. The days of affiliates putting their faith in one RaaS platform seem to be long gone and many are experimenting and going from one RaaS to the next.

Sources of Threat Intelligence for the RTM

The RTM was updated with OSINT reports shared by cybersecurity researchers at various private service providers or vendors. The thing to remember about these reports is that the tool usage is going to be slightly outdated due to the time it takes incident response teams to wrap up an investigation, compile findings, and publish a report.

From the reports, threat groups such as Qilin, BlackSuit, RansomEXX, Medusa, BianLian, Hunters International and PLAY have been active for over one year or for multiple years. These are established groups. Since RansomHub and LockBit have shut down, it is more likely than not that the affiliates have already shifted to one of the other RaaS platforms, like Qilin, among others.

There has also been a number of ransomware operations suspected to be linked to Chinese cyber-espionage groups, such as RA World (for using PlugX), NailaoLocker (for using ShadowPad and PlugX), and CrazyHunter (for its focus on Taiwan).

Threat groups such as IMN Crew, QWCrypt (linked to RedCurl), NightSpire, SuperBlack, and Helldown are all rising threat groups that have more recently begun their ransomware campaigns.

These factors have led to seeing a large variety of tool usage in ransomware operations being observed across the landscape. The reliance on tools from sites like GitHub and other free software sites, however, continues to remain a constant theme among all of these ransomware operations.

List of sources used for the May 2025 major update to the RTM:

Group Name	Report Publish Date	URL
Qilin	25 April 2025 10 March 2025	redpiranha.net picussecurity.com
IMN Crew	24 April 2025	s-rminform.com
CrazyHunter	16 April 2025	trendmicro.com
RansomEXX	8 April 2025	microsoft.com
BlackSuit	31 March 2025	thedfirreport.com
QWCrypt	26 March 2025	bitdefender.com
RansomHub	26 March 2025 20 March 2025	welivesecurity.com security.com
Medusa	26 March 2025 6 March 2025	welivesecurity.com security.com
BianLian	26 March 2025	welivesecurity.com
PLAY	26 March 2025	welivesecurity.com
NightSpire	25 March 2025	s-rminform.com
Hunters International	19 March 2025	esentire.com
SuperBlack	13 March 2025	forescout.com
LockBit	24 February 2025	thedfirreport.com
NailaoLocker	20 February 2025 18 February 2025	orangecyberdefense.com trendmicro.com
RA World	13 February 2025 22 July 2024	security.com unit42.paloaltonetworks.com
Helldown	7 November 2024	truesec.com

Tools Used by Multiple Groups

• EDRSandBlast and WKTools are relatively new tools that are being used by multiple groups to deactivate and overcome EDR tools that many victims will have on their networks to prevent ransomware attacks.
• Typical ransomware tools, such as PsExec, Mimikatz, and Rclone remain effective and still used by multiple ransomware gangs for the foreseeable future.

Tool	Type	Groups Using It
WinSCP	Exfiltration	NightSpire Hunters International
Mimikatz	Credential Theft	RansomHub Qilin Helldown
Impacket	Offensive Security Tool	RansomHub RA World NailaoLocker
Rclone	Exfiltration	RansomHub Hunters International Medusa
NetScan	Discovery	RansomHub Medusa
WKTools	Discovery	RansomHub BianLian PLAY
Advanced IP Scanner	Discovery	Hunters International BianLian
Advanced Port Scanner	Discovery	Hunters International Helldown
AnyDesk	RMM Tool	Medusa BianLian
EDRSandBlast	Defense Evasion	Medusa Qilin

New Tools Added to the RTM

• The most notable new tools added to RTM include several defense evasion tools for deactivating EDRs, discovery for sensitive files, and tunnelling tools to conceal adversary network connections.

Tool	Type	Groups Usage
Bublup	Exfiltration	BlackSuit
WKTools	Discovery	BianLian, PLAY
AmmyyAdmin	RMM Tool	BianLian
CQHashDump	Credential Theft	NailaoLocker
Throttle Stop Driver	Defense Evasion	Medusa
KillAV	Defense Evasion	Medusa
BadRentdrv2	Defense Evasion	RansomHub
Toshiba Power Driver (BYOVD)	Defense Evasion	Qilin
ZammoCide	Defense Evasion	CrazyHunter
FRP	Networking	Medusa
Stowaway	Networking	RansomHub
Navicat	Discovery	Medusa
Everything.exe	Discovery	NighSpire
RoboCopy	Discovery	Medusa
NPS	Networking	RA World
SharpGPOAbuse	Offensive Security Tool	CrazyHunter
Attrib	LOLBAS	BlackSuit
Curl	LOLBAS	QWCrypt (RedCurl)
PCA Utility (pcalua)	LOLBAS	QWCrypt (RedCurl)

Exploits used by Ransomware Gangs added to the RVM

• As is now usual, multiple ransomware groups have been targeting Fortinet networking devices for initial access into to victim environments.
• Multiple ransomware groups continue to exploit the Windows Common Log File System (CLFS) for local privilege escalation to run hacking tools and steal credentials.
• Other exploits involve targeting edge devices, such as Check Point VPNs or PAN Firewalls, or exposed servers, such as Atlassian Confluence Data Center Servers.
• The targeting of Veeam backup software should come as no surprise as preventing backups or stealing sensitive files, such as Active Directory backups, are key objectives of ransomware gangs to complete their mission.

Ransomware Group	Exploited CVEs
NightSpire	CVE-2024-55591 (FortiOS)
RansomHub	CVE-2022-24521 (Windows CLFS) CVE-2023-27532 (Veeam)
LockBit	CVE-2023-22527 (Confluence)
Hunters International	CVE-2024-55591 (FortiProxy)
SuperBlack	CVE-2024-55591 (FortiProxy)
RA World	CVE-2024-0012 (PAN-OS)
NailaoLocker	CVE-2024-24919 (Check Point VPN)
RansomEXX	CVE-2025-29824 (Windows CLFS)

Conclusion

My recommendation for defenders who continue the fight against ransomware is to take some of the findings from this report and begin threat hunting, detection rule writing, and start blocking some of these tools not present in the environments you are protecting.

Here are a few sites to help you get started with:

• https://rulehound.com/rules
• https://detection.fyi
• https://www.snapattack.com/community

 

Introduction

This blog is part of a cyber threat intelligence (CTI) blog series called Tracking Adversaries that investigates prominent or new threat groups.

The focus of this blog is EvilCorp, a sanctioned Russia-based cybercriminal enterprise known for launching ransomware attacks, and RansomHub, a prominent ransomware as a service (RaaS) operation run by Russian-speaking cybercriminals.

These two threat groups have been linked together through cooperation on intrusions and IOCs and TTPs shared by multiple CTI sources. The implication of this link is critical due to RansomHub being the most active ransomware gang and is working with a well-known sanctioned affiliate.

Who is RansomHub?

Active since February 2024, RansomHub is a RaaS operation formerly known as Cyclops and Knight and is run by Russian-speaking adversaries. It is currently used by more and more cybercriminals that are ex-affiliates of other RaaS operations. This includes the ALPHV/BlackCat RaaS and the LockBit RaaS, which have since shutdown or disappeared. This has made the RansomHub RaaS one of the most widespread ransomware families as of early 2025.

Due to having a high number of affiliates, the tools and TTPs observed before the final RansomHub payload is deployed can vary significantly. Each affiliate may have their own set of tools and TTPs to achieve the final objectives of data exfiltration and ransomware deployment.

Who is EvilCorp?

Evil Corp is an international cybercrime network sanctioned for orchestrating large-scale financial cyberattacks led by Maksim Yakubets. EvilCorp’s operations have evolved over time, expanding from Dridex banking trojan campaigns into developing ransomware like BitPaymer, WastedLocker, Hades, PhoenixLocker, and MacawLocker.

Notably, Aleksandr Ryzhenkov, was identified by the National Crime Agency (NCA) as a high-ranking member of EvilCorp and also LockBit affiliate. Ryzhenkov became a LockBit affiliate around 2022, contributing to over 60 LockBit ransomware builds and attempting to extort more than $100 million from victims. This discovery aligns with Mandiant’s previous reporting on EvilCorp shifting to LockBit as well.

The NCA also found that EvilCorp maintains close ties with Russian intelligence agencies through Yakubets' father-in-law, Eduard Bendersky, a former FSB officer, who is suspected of using his influence to shield the group from prosecution in Russia.

One of the TTPs that makes EvilCorp standout from the rest of the RaaS affiliates is their own affiliation to the SocGholish JavaScript malware (aka FAKEUPDATES). If ransomware deployment takes place following a SocGholish infection, then the attackers responsible for the attack will be affiliated with EvilCorp.

Reported Connections Between EvilCorp and RansomHub

On 15 July 2024, Microsoft shared a post on X stating that RansomHub was observed being deployed in post-compromise activity by Manatee Tempest (which is Microsoft’s name for EvilCorp) following initial access via SocGholish (aka FakeUpdates) infections (which Microsoft tracks as Mustard Tempest).

On 15 January 2025, Guidepoint wrote a blog on a new Python backdoor used by an affiliate of RansomHub. Notably, the new Python backdoor was delivered by SocGholish. Therefore, this Python backdoor is another potential artifact worth monitoring for its connection to known EvilCorp-related malware.

The next day, on 16 January 2025, Google shared a report on EvilCorp (which Google tracks as UNC2165) that disclosed numerous tools and malware families they have been using to deliver RansomHub, including a Python backdoor dubbed VIPERTUNNEL (see the image below). The presence of a Python backdoor following a SocGholish infection is notable TTP that overlaps with the Guidepoint blog on RansomHub.

On 14 March 2025, Trend Micro disclosed further details that also confirmed the SocGholish malware is leading to the deployment of RansomHub ransomware. The operators of SocGholish are tracked as Water Scylla by Trend Micro. The operators distribute SocGholish via the Keitaro Traffic Direction System (TDS), a legitimate service used for marketing campaigns. Trend Micro also observed SocGholish dropping the same custom Python backdoor (aka VIPERTUNNEL) as well.

So What?

EvilCorp has been under US sanctions since 2019, making it illegal for affected organisations to pay ransoms to them without facing potential fines from the US Treasury’s Office of Foreign Assets Control (OFAC). Despite these sanctions, EvilCorp has continued its cybercriminal activities by adapting its tactics to include rebranding their ransomware and becoming an affiliate of RaaS operations, such as LockBit and RansomHub. 

The key indicator of EvilCorp's involvement in ransomware attacks continues to be the use of the SocGholish malware, which employs drive-by downloads masquerading as web browser software updates to gain initial access to systems.

EvilCorp’s affiliation with RansomHub raises the possibilities that RansomHub may soon face sanctions similar to those imposed on EvilCorp. Consequently, any victim that pays a ransom to RansomHub could become significantly riskier for cyber insurance organisations, incident responders, and ransomware negotiators, as they may inadvertently violate sanctions and face legal repercussions.

Given EvilCorp's prominence as a target for international law enforcement, its association with RansomHub is likely to draw increased scrutiny. This could result in RansomHub becoming the focus of future law enforcement actions, including potential takedowns and additional sanctions, further complicating the landscape for entities involved in ransomware response and mitigation.

There is also the increased likelihood that RansomHub will now rebrand. As we saw in the BlackBasta Leaks, ransomware groups pay close attention to the news, CTI reports, and even posts on X and even blogs by researchers. This association to EvilCorp and threat of sanctions is an issue for ransomware groups as it impacts their business model and makes earning harder. Therefore, by linking the two entities together CTI analysts can impose cost on these cybercriminals.

References:

1. https://www.cisa.gov/news-events/cybersecurity-advisories/aa24-242a
2. https://www.bankinfosecurity.com/blogs/ransomhub-hits-powered-by-ex-affiliates-lockbit-blackcat-p-3703
3. https://www.ransomware.live/group/ransomhub#ttps
4. https://home.treasury.gov/news/press-releases/sm845
5. https://web.archive.org/web/20200213115628/https:/www.nationalcrimeagency.gov.uk/news/international-law-enforcement-operation-exposes-the-world-s-most-harmful-cyber-crime-group
6. https://www.crowdstrike.com/en-us/blog/hades-ransomware-successor-to-indrik-spiders-wastedlocker/
7. https://web.archive.org/web/20241004104429/https:/www.nationalcrimeagency.gov.uk/news/further-evil-corp-cyber-criminals-exposed-one-unmasked-as-lockbit-affiliate
8. https://www.microsoft.com/en-us/security/blog/2022/05/09/ransomware-as-a-service-understanding-the-cybercrime-gig-economy-and-how-to-protect-yourself/#DEV-0206-DEV-0243
9. https://malpedia.caad.fkie.fraunhofer.de/details/js.fakeupdates
10. https://x.com/msftsecintel/status/1812932754947911780
11. https://www.microsoft.com/en-gb/security/security-insider/manatee-tempest
12. https://www.guidepointsecurity.com/blog/ransomhub-affiliate-leverage-python-based-backdoor/
13. https://services.google.com/fh/files/misc/threat_horizons_report_h1_2025.pdf
14. https://www.trendmicro.com/en_us/research/25/c/socgholishs-intrusion-techniques-facilitate-distribution-of-rans.html
15. https://blog.bushidotoken.net/2025/02/blackbasta-leaks-lessons-from-ascension.html

 

The scourge of ransomware continues primarily because of three main reasons: Ransomware-as-a-Service (RaaS), cryptocurrency, and safe havens.

• RaaS platforms enable aspiring cybercriminals to join a gang and begin launching attacks with a support system that help extract ransom payments from their victims.
• Cryptocurrency enables cybercriminals to receive funds from victims around the world without the option to freeze or refund them due to the immutable nature of the virtual funds.
• Safe havens are countries that permit cybercriminals to launch attacks without immediate fear of arrest, enabling them to earn vast fortunes through ransomware campaigns.

With these three challenges in mind, law enforcement and governments have a very difficult job to do when it comes to fighting ransomware but fight it they must. In this blog we shall recall what counter-ransomware activities took place in 2024, analyse their effectiveness, and assess how the landscape shall evolve as a result.

A podcast version of this blog is also available here.

Ransomware Operator Arrests and Sanctions

During 2024, there were significant disruption operations by law enforcement and financial authorities targeting individuals behind ransomware campaigns (see the Table below). The main focus of 2024 for Western law enforcement was squarely on the LockBit RaaS and its affiliates as it was the largest and highest earning ransomware operation to date.

Several key players of the ransomware ecosystem were arrested, including the main developer of LockBit ransomware. Interestingly, Russian law enforcement also decided to arrest ransomware threat actors located in Moscow and Kaliningrad as well.

Month	Group(s)	Law Enforcement Activity
February 2024	SugarLocker, REvil	Russian authorities have identified and arrested three alleged members in Moscow of a ransomware gang called SugarLocker.
February 2024	LockBit	The LockBit leak site was seized. Two LockBit affiliates were arrested in Poland and Ukraine. Up to 28 servers belonging to LockBit were taken down.
February 2024	LockBit	Two Russian nationals, Ivan Kondratiev and Artur Sungatov, were sanctioned by the US Treasury for being affiliates of LockBit, among other RaaS.
May 2024	LockBit	Dmitry Khoroshev, the administrator and developer of LockBit was sanctioned by the US Treasury.
May 2024	IcedID, SystemBC, Pikabot, Smokeloader, Bumblebee, TrickBot	European police took down malicious spam botnets that support ransomware campaigns. This resulted in 4 arrests (1 in Armenia and 3 in Ukraine), over 100 servers and 2,000 domains being seized. One of the main suspects earned €69 million by renting out infrastructure sites to deploy ransomware.
June 2024	Conti, LockBit	A Ukrainian national was arrested for supporting Conti and LockBit ransomware attacks as a crypter developer.
August 2024	Reveton, RansomCartel	Maksim Silnikau, a Belarusian national, was arrested in Spain for running Reveton and RansomCartel.
August 2024	Karakurt, Conti	Deniss Zolotarjovs, a Latvian national was arrested and extradited to the US from Georgia for running the Karakurt data extortion gang linked to Conti.
October 2024	Evil Corp, LockBit	The UK, alongside the US and Australia, has sanctioned 16 members of Evil Corp, including Aleksandr Ryzhenkov, Viktor Yakubets, and Eduard Benderskiy.
November 2024	Phobos	Evgenii Ptitsyn, a Russian national, was arrested and extradited to the US from South Korea for running the Phobos ransomware gang.
December 2024	LockBit	Rostislav Panev, a dual Russian and Israeli national, was arrested in Israel for developing LockBit ransomware.
December 2024	LockBit, Babuk, Hive	Mikhail “Wazawaka” Matveev was arrested in Russia for violating domestic laws against the creation and use of malware. He was fined and had his cryptocurrency seized and is awaiting trial.

The ransomware ecosystem has fragmented due to the law enforcement disruptions of the largest players, such as ALPHV/BlackCat and LockBit. In the case of ALPHV/BlackCat, the operators staged a law enforcement takedown as they put up a fake seizure notice as part of an exit scam in March 2024 after the attack on UnitedHealth.

Following these disruptions, some affiliates have migrated to less effective strains or launched their own strains. This includes Akira and RansomHub at the top of the list as well as Hunters International and PLAY.

Cryptocurrency Exchanges Disrupted

During 2024, law enforcement seized funds from and sanctioned a number of cryptocurrency exchanges and individuals running payment processors using cryptocurrency (see the Table below).

One of the most interesting disclosures this year came from the UK National Crime Agency (NCA) around Operation Destablise. The NCA linked payments to ransomware gangs to money laundering networks used by Russian oligarchs to covertly purchase property and Russia Today, the state-run media organization, to covertly fund pro-Russia foreign entities.

Another notable investigation in 2024 was when the US Treasury sanctioned more Russian cryptocurrency exchanges, such as PM2BTC and Cryptex, that led to money launderers that facilitate the cashing out of ransom payments being arrested by Russian law enforcement.

Month	Exchange(s)	Law Enforcement Activity
August 2024	Cryptonator	The US Justice Department indicted Russian national Roman Pikulev and Cryptonator, which processed a total of $1.4 billion in transactions, of which $8 million were ransom payments. Cryptonator also has ties to other sanctioned entities including Blender, Hydra Market, Bitzlato, and Garantex, among others.
September 2024	PM2BTC, Cryptex, UAPS	FinCEN identified PM2BTC as being of “primary money laundering concern” in connection with Russian illicit finance. This was alongside Cryptex and Sergey Sergeevich Ivanov, a Russian national, who is associated with UAPS and PinPays, as well as Genesis Market. Cryptex also facilitated more than $115 million of proceeds from ransomware payments.
September 2024	47 exchanges	In Operation Final Exchange, German federal police (BKA) shut down 47 cryptocurrency exchange services that ransomware gangs use that operated without requiring registration or identity verification.
October 2024	Cryptex, UAPS	Russian authorities have arrested nearly 100 suspected cybercriminals linked to the anonymous payment system UAPS and the cryptocurrency exchange Cryptex.
November 2024	Smart, TGR Group	The NCA uncovered a Russian money-laundering network operated by two companies called Smart and TGR Group as part of Operation Destabilise that involved UK-based cash-to-crypto networks that laundered Ryuk ransom payments as well as the money of Russian oligarchs and Russia Today.

Safe Havens Enabling Ransomware

While ransomware is a global problem, there are only a few countries that are to blame for this rapid expansion of the ransomware ecosystem. The state that is blamed the most for preventing many ransomware operators from facing justice is Russia. There are explicit rules posted to Russian-speaking cybercrime forums that state as long as members avoid targeting Russia and the Commonwealth of Independent States (CIS), they are free to operate.

The Russian ransomware safe haven theory was further proven following sanctions levied against Evil Corp by the UK, US, and Australia. One of the sanctioned men connected to Evil Corp was Eduard Benderskiy, a former Russian federal security service (FSB) official. Benderskiy is reportedly the father-in-law of Maksim Yakubets, the leader of Evil Corp, an organized cybercrime group responsible for multiple ransomware strains including BitPaymer, WastedLocker, Hades, PhoenixLocker, and MacawLocker. In total, Evil Corp has reportedly extorted at least $300 million from victims globally, according to the UK NCA. It is now clear that Evil Corp has protection from a highly connected Russian FSB official who has also been involved in multiple overseas assassinations on behalf of the Kremlin, according to Bellingcat investigators.

While a number of ransomware operators were arrested in 2024 and some were extradited to the US, the work done by law enforcement specializing in cybercrime was put in the spotlight during the August 2024 prisoner swap. Multiple countries decided to release cybercriminals, spies and an assassin as part of a historic prisoner exchange with Russia at an airport in Ankara, Turkey. The US negotiated the release of 16 people from Russia, including five Germans as well as seven Russian citizens who were political prisoners in their own country.

Notably, from a cybercrime intelligence perspective, the Russian nationals released from the West included the infamous cybercriminals Roman Seleznev and Vladislav Klyushin. The latter, Klyushin, was sentenced in 2023 to nine years in US prison after he was caught in a $93 million stock market cheating scheme that involved hacking into US companies for insider knowledge. The other cybercriminal, Seleznev, was sentenced to 27 years in prison in 2017 for stealing and selling millions of credit card numbers from 500 businesses using point-of-sale (POS) malware and causing more than $169 million in damage to small businesses and financial institutions, including those in the US.

In 2024, we saw several more Russian nationals get extradited to the US after being arrested by law enforcement in the country they were residing in. This includes the Phobos operator living in South Korea and the LockBit developer living in Israel. This follows others arrested in previous years such as a TrickBot developer arrested in South Korea as well as the two LockBit affiliates extradited to the US. There is a potential that these Russian nationals involved in ransomware could be used in prisoner exchanges in the future.

Further, another curious trend in 2024 was that some Russians inside Russia, which is firmly considered a safe haven for ransomware gang, did get arrested. This includes the SugarLocker operators arrested in Moscow and the LockBit affiliate Wazawaka who was arrested in Kaliningrad. This is alongside the money launderers arrested around Russia linked to the Cryptex exchange.

The arrests of Russian nationals in Russia for ransomware activities appear to be more symbolic than a true crackdown on this type of activity. This is because there are several dozen Russian-speaking ransomware gangs that continue to operate, as well as a plethora of other types of cybercrime in the Russian-speaking underground.

Outlook

In 2024, there was lots of significant action by law enforcement to shake up the ransomware economy. One of the main successes of the notable Operation Cronos action taken against LockBit was the sowing of distrust and disharmony in the ransomware ecosystem. Despite the admins of LockBit trying to recover, their reputation and army of affiliates have been smashed.

Many of Russian law enforcement activities could all be related to the costs of the Russian invasion of Ukraine. Russian authorities seizing funds of the illicit cryptocurrency exchanges could be to pay for the war in Ukraine and they could be recruiting arresting cybercriminals for offensive cyber operations related to the war in Ukraine. The true motivations of Russian law enforcement arresting these specific ransomware operators but allowing others to operate are unclear. The cybercriminals could also simply have not paid their protection money or lack connections in the FSB like Evil Corp has.

Due to the fall of LockBit and ALPHV/BlackCat in 2024, there has been a rise of other ransomware groups like RansomHub and Akira to fill the vacuum. However, the rate of attacks by these emerging groups is still noticeably lower than when LockBit was operating at full force. This should be perceived as a success for law enforcement operations in 2024 due to the overall number of ransomware attacks lowering, which we should all be thankful for.