Another new ransomware gang is making waves with an unconventional structure, its unique pedigree and an early victim. A coalition of researchers on Thursday explained what makes Groove, a gang that quietly emerged in July with a website, different: Namely, it eschews the traditional ransomware-as-a-service hierarchy in favor of an opportunistic pledge that they’ll work with anyone as long as there’s money to be made. The researchers — from McAfee, Intel 471 and Coveware — traced the group’s origins to a likely split with the Babuk gang, part of a trend of turmoil within extortion groups that use the ransomware-as-a-service (RaaS) model where affiliates get to use an outfit’s malware in exchange for sharing profits. For instance, a disgruntled former Conti affiliate recently leaked the group’s attack playbook. Already, there’s evidence the researchers uncovered that Groove has worked with another ransomware gang, BlackMatter, that likewise recently emerged. That group is […]
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