Radware Alert: Fancy Lazarus DDoS Extortion Group is Back with New Campaign Focused on Unprotected Assets Across All Industries
Radware (NASDAQ: RDWR) has reported an alarming rise in DDoS extortion threats from a group known as Fancy Lazarus. With numerous companies onboarded in response to these threats, the ransom demands now vary from 0.5 to 5 Bitcoin ($18,500 to $185,000), significantly lower than previous campaigns that demanded up to 20 Bitcoin. The attackers are increasingly targeting organizations lacking adequate DDoS protection, suggesting a tactical shift in their operations. Radware emphasizes the necessity for all enterprises, ISPs, and CSPs to diligently assess their DDoS defense strategies in light of this persistent threat.
- Increase in emergency onboardings indicates growing demand for Radware's cybersecurity solutions.
- Ransom demands have decreased compared to previous campaigns, potentially reducing financial pressure on affected companies.
- Highlighting the need for enhanced DDoS protection may lead to broader market awareness and customer acquisition for Radware.
- Emerging DDoS extortion threats could damage customer confidence in cybersecurity measures.
- Targeting organizations with inadequate protection reveals vulnerabilities in many companies, potentially leading to increased incidents.
Radware Onboards Numerous Customers with Fancy Lazarus Ransom Letters in Recent Weeks
MAHWAH, N.J., June 14, 2021 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, published a cybersecurity alert warning that Fancy Lazarus, a well-known distributed denial of service (DDoS) extortionist, has resurfaced with a new campaign focused on organizations with unprotected assets across all sizes of companies in all industries.
Less than a year ago, a Ransom DDoS threat actor posing as “Fancy Bear" and "Lazarus Group” was targeting specific industries such as finance, travel and e-commerce organizations and was blind to whether these organizations had DDoS protection or not. This earlier campaign turned out to be one of the most extensive and longest-running DDoS extortion campaigns in history.
Lately, Radware has identified an increase in emergency onboardings from new customers that have had DDoS ransomware threats. In recent weeks, Radware has been monitoring an increase of activity from a threat actor calling himself Fancy Lazarus targeting organizations with assets that were supposedly not adequately protected and inviting them to pay a ransom rather than endure devastating DDoS attacks.
In their letters, the extortionists give their victims seven days to buy the Bitcoin and pay the ransom before they start their DDoS attacks. Each day after the deadline passes without payment increases that fee. The ransom demand varies between targets and seems to be adjusted to a target’s reputation and size. The ransom demand is also less expansive compared to the huge demands of 10 and 20 Bitcoin (currently, about
“This is the first time we are seeing the bad actors selectively target organizations and favor those with unprotected assets for their ransom letters,” said Pascal Geenens, Director of Threat Intelligence, Radware. “This implies that malicious actors are leveraging Border Gateway Protocol routing information to detect whether targets are protected by always-on cloud protection services. In addition, we’re seeing that ransom DDoS, which traditionally was an event limited in time with yearly spikes, is now becoming a persistent threat, and should be considered an integral part of the DDoS threat landscape.”
Reports from victims impacted by follow-through attacks of this extortion campaign confirm this observation. Most Internet Service Providers (ISPs) and Cloud Service Provider (CSP) victims were equipped with DDoS mitigation services to protect their customers. However, it appears that not all of them were prepared for large, globally distributed attacks targeting their DNS servers or saturating their internet links. Very large and globally distributed DDoS attacks can only be effectively mitigated by stopping malicious traffic closest to its source and never allowing multiple geographically distributed traffic streams to flock. Only globally distributed and anycasted protection services are effective against these kinds of DDoS attacks.
Geenens added, “The recent uptick in criminal activity should be a strong reminder to enterprises, ISPs and CSPs of any size and industry to assess the protection of their essential services and internet connections and plan against globally distributed DDoS attacks aimed at saturating links. This is especially in the case of service providers and their DNS services. We believe hybrid DDoS solutions provide the best of both worlds with on-premises protection against all types of DDoS attacks while automatically diverting to a cloud DDoS Service when the attack risks saturating the internet link.”
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