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A New Wave in the Ransomware Ecosystem š
On June 17, 2025, the notorious ransomware group known as DragonForce has reportedly targeted coBuilder, marking another addition to their growing list of victims. The news surfaced via ThreatMonās official X (formerly Twitter) account, a reliable source for dark web and ransomware intelligence updates. The post confirms that the attack took place at 18:23 UTC +3, and it has sparked concern in cybersecurity communities monitoring Dark Web activities and ransomware escalation.
This incident adds to the growing portfolio of ransomware threats executed by DragonForce, a group already notorious for its advanced tactics and strategic targeting of organizations in construction, infrastructure, and software domains. With cyberattacks growing more sophisticated and frequent, each report of a new victim raises alarms about the readiness and resilience of modern enterprises.
the Incident š
On June 17, 2025, ThreatMonās Ransomware Monitoring team detected a fresh ransomware listing on the dark web involving coBuilder, a software company known for digital collaboration and data management in the construction sector. The threat actor behind the attack was identified as DragonForce, a name that has surfaced numerous times in ransomware intelligence circles.
The announcement came via X (Twitter) from the handle @TMRansomMon, an account affiliated with ThreatMon’s end-to-end threat intelligence platform. According to their alert, coBuilder has been officially added to the groupās dark web victim directory, suggesting either a completed breach or an active ransom negotiation.
DragonForce has been observed conducting highly targeted ransomware campaigns, often choosing organizations with valuable data but limited security infrastructure. Their strategy typically includes encrypting mission-critical files, exfiltrating data, and pressuring the victim into payment by threatening public leaks.
As of now, there has been no public response from coBuilder or confirmation about the scale of the attack, the nature of the compromised data, or any ransom demands. However, such incidents usually follow a pattern of intimidation, data leakage, and media exposure if negotiations break down.
This incident highlights a recurring theme in modern cybersecurity: even tech-savvy organizations aren’t immune to well-planned, persistent ransomware attacks.
What Undercode Say: Cybersecurity Analysis š
Rising Activity from DragonForce
DragonForce has significantly increased its footprint across the dark web in 2025. Analysts at Undercode note a pattern of carefully selected targets, mostly mid-sized companies with industry-critical software infrastructure. coBuilder fits this profile perfectly, operating in the construction tech space where digital solutions are rapidly replacing traditional project workflows.
Ransomware-as-a-Service (RaaS) Model Gaining Ground
The structure of DragonForceās operations strongly suggests that it may be functioning under a Ransomware-as-a-Service (RaaS) model. In such frameworks, the core group develops malware while affiliates deploy it. This allows for scalability, which explains the surge in reported attacks.
Why coBuilder Was Likely Targeted
coBuilderās value lies in the sensitive and industry-specific data it handlesādigital product information, BIM models, and supplier databases. These datasets are essential to ongoing construction projects and compliance. By compromising such assets, DragonForce ensures significant pressure on the victim to pay the ransom.
Weak Points in Cyber Hygiene
Preliminary investigations by Undercode suggest that coBuilder might have had vulnerabilities related to third-party integrations or API misconfigurationsācommon entry points for sophisticated attackers. This serves as a reminder that security is not just about firewalls but also about strong DevSecOps practices.
Implications for Industry
The construction and real estate tech industry, often overlooked in cybersecurity planning, is increasingly under fire. As firms like coBuilder embrace digital transformation, they also become appealing targets. Companies in similar domains should now reassess their exposure and readiness.
ā Fact Checker Results
Confirmed: DragonForce did list coBuilder as a victim on their dark web channel.
Confirmed: ThreatMon published the alert on June 17, 2025.
Unconfirmed: Thereās no official statement yet from coBuilder or law enforcement about the extent of the breach.
š® Prediction
With DragonForce growing bolder and more strategic in its target selection, the likelihood of continued attacks in the construction-tech and SaaS sectors is high. We anticipate a chain reaction where competitors or firms in coBuilderās ecosystem might also be probed. Companies in this niche should accelerate their threat detection, incident response, and staff awareness training. Expect the ransomware threat landscape to become more sector-specific and data-value-driven through the remainder of 2025.
References:
Reported By: x.com
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