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A New Variant of FlawedGrace Spreading Through Mass Email Campaigns

October 19, 2021

Cybersecurity researchers on Tuesday took the wraps off a mass volume email attack staged by a prolific cybercriminal gang affecting a wide range of industries, with one of its region-specific operations notably targeting Germany and Austria.

Enterprise security firm Proofpoint tied the malware campaign with high confidence to TA505, which is the name assigned to the financially motivated threat group that’s been active in the cybercrime business since at least 2014, and is behind the infamous Dridex banking trojan and other arsenals of malicious tools such as FlawedAmmyy, FlawedGrace, Neutrino botnet, and Locky ransomware, among others.

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