A ransomware threat called 8Base that has been operating under the radar for over a year has been attributed to a “massive spike in activity” in May and June 2023.
“The group utilizes encryption paired with ‘name-and-shame’ techniques to compel their victims to pay their ransoms,” VMware Carbon Black researchers Deborah Snyder and Fae Carlisle said in a report shared with The Hacker News. “8Base has an opportunistic pattern of compromise with recent victims spanning across varied industries.”
8Base, according to statistics gathered by Malwarebytes and NCC Group, has been linked to 67 attacks as of May 2023, with about 50% of the victims operating in the business services, manufacturing, and construction sectors. A majority of the targeted companies are located in the U.S. and Brazil.
