Stung by Free Decryptor, Ransomware Group Embraces Extortion

Mathew J. Schwartz reports:

Not all ransomware groups wield crypto-locking malware. In their continuing quest for extortionate profits, some have moved away from encryption and pressure victims purely by threatening to leak stolen data unless they receive a ransom payment.

This seems to have been the case for BianLian, a prolific ransomware group that emerged in the summer of 2022. At that point, threat intelligence firm Cyble reported the group was known for executing rapid-encryption attacks, especially against the media and entertainment sectors, as well as healthcare, energy and utilities, among others.

Read more at BankInfoSecurity.

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