Cybersecurity Experts Warn of Emerging Threat of “Black Basta” Ransomware

Cybersecurity experts warn of emerging threat “Black Basta” ransomware. The Black Basta ransomware-as-a-service (RaaS) syndicate has amassed nearly 50 victims in the U.S., Canada, the U.K., Australia, and New Zealand within two months of its emergence in the wild, making it a prominent threat in a short window.

“Black Basta has been observed targeting a range of industries, including manufacturing, construction, transportation, telcos, pharmaceuticals, cosmetics, plumbing and heating, automobile dealers, undergarments manufacturers, and more,” Cybereason said in a report.

Similar to other ransomware operations, Black Basta is known to employ the tried-and-tested tactic of double extortion to plunder sensitive information from the targets and threaten to publish the stolen data unless a digital payment is made.

Read the full article here – https://thehackernews.com/2022/06/cybersecurity-experts-warn-of-emerging.html