Another Threat Group Joins Ransomware Extortion Racket

Gov IT Security

Chinmay Rautmare

A newly identified financially motivated threat group, dubbed "FIN11," is deploying Clop ransomware and exfiltrating data from its targets for extortion efforts, according to researchers at FireEye Mandiant.

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It's the first time in three years that researchers at FireEye Mandiant have officially designated a new financially motived threat group. Although this group has been around for about four years, researchers just completed efforts to connect various cybercriminal activities to it.

FIN11 has recently increased its...

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