Ransomware remains one of the biggest cyber threats that organizations and governments continue to face. However, hackers are engineering new ways to extract ransom from their victims as organizations take a conscious call to decline ransom payment demands.

With the fall of the most notorious ransomware gang Conti in May 2022, it was assumed that ransomware attacks would see a major decline. However, Tenable found that 35.5% of breaches in 2022 were the result of a ransomware attack, a minor 2.5% decrease from 2021. Similarly, in the fourth quarter of 2022 ransomware victim count declined by 5.1% versus the third quarter, according to Trend Micro.

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Security agencies from five countries have issued a joint advisory revealing technical details about a sophisticated espionage tool used by Russian cyber actors against their targets. “Snake malware” and its variants have been a core component in Russian espionage operations carried out by Center 16 of Russia’s Federal Security Service (FSB) for nearly two decades, according to the security notice.

Identified in infrastructure in over 50 countries across North America, South America, Europe, Africa, Asia, and Australia, Snake’s custom communications protocols employ encryption and fragmentation for confidentiality and are designed to hamper detection and collection efforts. Globally, the FSB has used Snake to collect sensitive intelligence from high-priority targets such as government networks, research facilities, and journalists.

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