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A New Victim in the Ongoing Ransomware War
The notorious ransomware group Babuk2 has added a new victim to its list—Crims Group. The attack was detected on March 26, 2025, and was flagged by the ThreatMon Threat Intelligence Team. This incident adds to the growing wave of ransomware activity targeting businesses worldwide.
Cybersecurity experts continue to monitor Babuk2, an evolved variant of the original Babuk ransomware, which gained notoriety in 2021. The group is known for its double extortion tactics, meaning they not only encrypt victim data but also threaten to leak it unless a ransom is paid.
Incident Overview
– Threat Actor: Babuk2
– Victim: Crims Group (http://crimsgroup.com)
- Date Detected: March 26, 2025, 22:25 UTC +3
– Source: ThreatMon Threat Intelligence Team
This attack highlights the increasing sophistication of ransomware groups and the constant evolution of cyber threats.
What Undercode Says:
Babuk2’s Evolution and Its Place in Cybercrime
Babuk2 is an offshoot of the original Babuk ransomware, which first surfaced in early 2021. Despite an apparent shutdown, its code was leaked, allowing multiple cybercriminals to modify and deploy their own versions. Babuk2 is one of these iterations, continuing its predecessors’ legacy with improved encryption algorithms and enhanced evasion techniques.
Double Extortion: A Growing Cyber Threat
Babuk2 operates using a double extortion model. This means that even if a company has backups and can recover encrypted files, the attackers still have leverage by threatening to publish stolen data. This strategy increases pressure on victims to pay ransoms.
Several ransomware groups, including LockBit, ALPHV (BlackCat), and Clop, use similar methods, proving that double extortion has become an industry standard for cybercriminals.
Targeting Patterns: Who is at Risk?
The attack on Crims Group suggests that Babuk2 continues to target businesses with valuable data. While the full details of the breach are unknown, Babuk2 has historically attacked corporate networks, government agencies, and healthcare institutions.
Potential targets often share common vulnerabilities:
- Weak cybersecurity measures – outdated software, lack of endpoint protection.
- Remote access flaws – unsecured RDP (Remote Desktop Protocol) remains a favorite entry point.
- Unpatched systems – missing security updates provide easy access to attackers.
Threat Intelligence and Cybersecurity Measures
Cybersecurity firms like ThreatMon are essential in tracking ransomware threats. By monitoring dark web activity, intelligence platforms can detect ransomware postings, providing organizations with crucial early warnings. However, detection alone isn’t enough—proactive cybersecurity measures are required.
Best Practices for Protection:
- Implement Zero Trust Architecture – Assume every connection could be compromised.
- Frequent Backups – Ensure encrypted and offline backups exist.
- Multi-Factor Authentication (MFA) – Reduces unauthorized access risks.
- Employee Awareness Training – Phishing remains a leading entry point for attacks.
- Regular Patch Management – Updating systems prevents exploitation of known vulnerabilities.
Law Enforcement and Anti-Ransomware Initiatives
Governments worldwide are actively fighting ransomware through task forces, sanctions, and coordinated takedowns. Some recent efforts include:
- US Cyber Command & Europol – Working together to disrupt ransomware infrastructure.
- Sanctions against ransomware affiliates – Several Russian-based cybercriminals have been targeted.
- Encouraging businesses not to pay ransoms – This reduces financial incentives for attackers.
Despite these efforts, ransomware remains a persistent threat, with groups like Babuk2 constantly adapting to new security defenses.
Fact Checker Results:
- ✅ Babuk2 is a known ransomware group that emerged after the original Babuk’s source code leaked in 2021.
- ✅ Double extortion techniques are commonly used by modern ransomware groups to increase pressure on victims.
- ✅ Threat intelligence teams like ThreatMon provide valuable insights into dark web activity and cyber threats.
References:
Reported By: https://x.com/TMRansomMon/status/1905141304817856576
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