Play Ransomware Strikes Again: Verrex Confirmed as Latest Victim

Cybercriminal activity continues to escalate across the dark web, with the Play ransomware group adding another organization to its growing list of victims. According to real-time intelligence gathered by the ThreatMon Threat Intelligence Team, Verrex—a company known for its AV integration and global conferencing solutions—has now been targeted in a ransomware attack. The announcement was made public via ThreatMon’s monitoring account on May 10, 2025, highlighting the event timestamp as May 9, 2025, 19:16:41 UTC+3.

This attack places Verrex among a long and growing list of corporate entities compromised by Play, a threat group known for aggressive double extortion tactics—encrypting files and threatening to leak data unless a ransom is paid. The group typically announces its victims via dark web leak sites, often within hours of compromising their systems.

The post made by @TMRansomMon, ThreatMon’s official ransomware monitoring handle, confirmed the breach but provided limited detail beyond the victim’s name and timestamp. However, in the world of ransomware intelligence, such signals often precede larger disclosures, data leaks, or ransom negotiations.

This incident underscores a broader and persistent threat landscape in which ransomware gangs continue to operate with relative impunity. For businesses like Verrex, which operates in the technology infrastructure domain, such attacks not only disrupt operations but can erode customer trust and lead to compliance issues—especially if customer or partner data is exposed.

What Undercode Say:

Verrex’s addition to Play ransomware’s victim list is not just another breach; it is a warning shot for the entire AV and conferencing industry. Play’s pattern of targeting companies that rely on uninterrupted service shows a calculated strategy designed to maximize pressure during negotiations.

Based on ThreatMon’s intelligence sharing and previously observed behavior by Play, we can extrapolate a few key analytical points:

Tactical Escalation: Play has moved from mid-tier regional firms to globally active service providers. This suggests increased confidence, resources, or perhaps a strategic shift.
Timing of Disclosure: Posting about the breach within a day shows that either negotiations failed quickly or that the group is working on a rapid turnover model—hit, leak, move on.
Double Extortion in Play: Historically, Play has not only encrypted data but also released sensitive corporate information when ransoms were not met. If Verrex doesn’t comply, we may soon see data related to clients, partners, or internal strategy leaked online.
Lack of Transparency: As of now, Verrex has made no public statement. The absence of immediate crisis communication can be damaging, as speculation tends to spiral in the absence of facts.

From a broader cybersecurity lens, this attack is a sharp reminder of the urgent need for robust incident response planning. Threat intelligence feeds like those from ThreatMon are crucial for early detection, but they’re just one part of a multi-layered defense.

In addition, cybersecurity experts should pay close attention to Play’s victimology: they often go after companies with strong business-to-business networks. The ripple effects of such breaches often impact clients and collaborators, spreading risk far beyond the initially compromised organization.

Undercode further notes the strategic implications of these ransomware campaigns. In a geopolitical context, the growing brazenness of ransomware groups is also a reflection of the lack of coordinated international enforcement. The dark web still provides a safe haven for these actors, and the economics of ransomware—high reward, low risk—continue to fuel its rise.

Fact Checker Results:

Victim Verified: Verrex has been confirmed as a victim by the ThreatMon team.
Threat Actor Attribution: The attack is attributed to the Play ransomware group, consistent with their known methods and disclosure timeline.
No Data Leak Yet: As of now, there’s no public evidence of data released, but based on past behavior, this may follow soon.

Prediction:

If Verrex does not pay the ransom, it is highly likely that Play will leak sensitive data within the next 7–10 days. Based on prior Play operations, a listing on their data leak site could include samples of internal documents to pressure for payment. Expect further activity involving companies similar to Verrex—particularly those in tech infrastructure, integration, and enterprise communications—over the next quarter as Play sharpens its focus on high-leverage targets.