If school administrators, medical organizations and other crucial industries haven’t already had enough bad news over the past year, a new hacking group that relies on emerging techniques to rip off its victims should fulfill that need. What makes the pain even worse is that the group is using an innovative structure that’s becoming more common in the cybercrime underworld. This ransomware gang, dubbed Egregor, in recent months appears to have hacked more than 130 targets, including schools, manufacturing firms, logistics companies and financial institutions, according to the U.K.-based security firm Sophos. Egregor works much like other strains of ransomware — holding data hostage until a victim pays a fee — though in some ways the group behind it also exemplifies the current state of the hacking economy. Rather than relying on lone hackers who mastermind massive data breaches, or dark web forums frequented only by Russian scammers, today’s cybercriminals […]
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