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Introduction
As ransomware attacks continue to evolve, a new and increasingly dangerous player has emerged within the cybercrime ecosystem. DragonForce, a ransomware group that first garnered attention in 2023, is on track to become a dominant force in 2025. What sets DragonForce apart from other threat actors is its adaptability and strategic evolution, allowing it to form alliances, refine its operational model, and target a wide range of industries. This article delves into DragonForce’s methods, their expansion into a ransomware cartel, and their growing presence on the global cybersecurity landscape.
The Rise of DragonForce in the Ransomware Ecosystem
DragonForce’s activities were first noted in 2023, marking the group’s entry into the world of cybercrime. Unlike many ransomware groups, DragonForce began its operations within the confines of a Ransomware-as-a-Service (RaaS) model, only to pivot later to the more complex structure of a ransomware cartel. This shift not only increased their scope but also attracted a larger pool of affiliates and partners.
Despite some confusion with a hacktivist group named DragonForce Malaysia, there is no evidence to link the two groups directly. However, it is clear that DragonForce has aligned itself with Russian-linked infrastructure and has been associated with Russian cybercrime activities. The group’s relationship with other cybercriminal entities has been further confirmed by its appeal to recruit more affiliates via platforms like RAMP.
In 2024, DragonForce made notable changes to its ransomware tactics, opting for a RaaS model and implementing a Conti ransomware variant. These changes enabled the group to target a broader range of industries, including manufacturing, healthcare, and retail, with ransom demands reaching as high as \$7 million.
What Undercode Say: Analyzing
Undercode’s analysis of DragonForce reveals that the group is not just a run-of-the-mill ransomware operation. It has continuously adapted its tactics, tools, and infrastructure to remain relevant in an increasingly competitive and volatile cybercrime environment. By shifting from a RaaS model to a more hierarchical ransomware cartel, DragonForce has been able to exert greater control over its affiliates and resources.
One of the most striking features of DragonForce is its ability to scale rapidly while maintaining a degree of secrecy. By using Russian-linked infrastructure and forming strategic partnerships with other cybercriminal organizations, DragonForce has positioned itself as a powerful and influential player within the ransomware ecosystem.
The
The use of automation tools, including a dedicated blog and file servers, allows DragonForce to streamline operations and maintain its presence in the cybercriminal underground. The group has also demonstrated its ability to take over or eliminate competition, as evidenced by its actions against groups like Mamona and RansomHub.
DragonForce’s unique approach extends beyond simply deploying ransomware. They provide their affiliates with the tools and infrastructure needed to execute attacks, offering everything from admin panels to petabytes of storage. This level of support ensures that DragonForce’s affiliates can focus on executing attacks rather than dealing with logistical challenges.
Moreover, the
Fact Checker Results ✅
DragonForce’s Shift to a Ransomware Cartel: This shift has indeed occurred, as the group moved from a RaaS model to a more centralized, cartel-like structure, offering significant resources to affiliates. ✅
DragonForce’s Russian Connections: There is substantial evidence to support the group’s use of Russian-linked infrastructure and their alignment with Russian cybercrime activities. ✅
Attack Targets and Tactics: DragonForce has claimed victims across multiple industries, including manufacturing, healthcare, and retail. Their ransomware is designed to encrypt files across a variety of environments, confirming the group’s broad reach. ✅
Prediction 🔮
As we move into 2025, DragonForce is expected to continue expanding its influence within the ransomware ecosystem. The group’s growing network of affiliates, technical capabilities, and strategic partnerships suggest that it will be a formidable threat for years to come. The evolving nature of ransomware cartels means that DragonForce’s model of offering infrastructure and support to other cybercriminal groups could further solidify its power.
Additionally, DragonForce’s ability to adapt and introduce new tactics, such as leveraging Living Off the Land techniques and abusing legitimate tools, will make it increasingly difficult for organizations to defend against them. The group’s emphasis on controlling the full ransomware lifecycle—from attack initiation to encryption and ransom collection—sets a dangerous precedent for the future of ransomware operations.
Expect DragonForce to become even more sophisticated in its operations, leveraging automation and collaboration with other groups to continuously refine its methods and expand its reach. It will likely remain a key player in the ransomware space, targeting both high-profile and vulnerable organizations across various sectors.
References:
Reported By: www.bitdefender.com
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