New Pay2Key ransomware encrypts networks within one hour

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Content source

https://www.bleepingcomputer.com/news/security/new-pay2key-ransomware-encrypts-networks-within-one-hour/

A new ransomware called Pay2Key has been targeting organizations from Israel and Brazil, encrypting their networks within an hour in targeted attacks still under investigation.

Michael Gillespie, the creator of ID Ransomware, has also seen submissions from Pay2Key victims predominantly from Brazilian IP addresses.
Although used in attacks against multiple Brazilian entities, this ransomware is not related to yesterday's RansomExx attacks targeting Brazil's government networks.

New Pay2Key ransomware encrypts networks within one hour

A new ransomware called Pay2Key has been targeting organizations from Israel and Brazil, encrypting their networks within an hour in targeted attacks still under investigation.

www.bleepingcomputer.com

 

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Introduction
Last weekend we issued a ransomware alert about a wave of attacks using a never-seen-before strain dubbed ‘Pay2Key.’ Our investigation suggested the ransomware operators were mostly targeting Israeli companies. The ransomware used in the attacks spread rapidly across victims’ networks, leaving significant parts of the network encrypted along with a ransom note, threatening to leak stolen corporate data unless the ransom is paid.

As more and more reports on Pay2Key attacks have accumulated, we started seeing victims paying the ransom because they were unwilling to take the risk of finding their sensitive corporate data being posted online. However, this unfortunate situation also created an opportunity to understand who is behind this new ransomware.

Pay2Key – The Plot Thickens - Check Point Research

Introduction Last weekend we issued a ransomware alert about a wave of attacks using a never-seen-before strain dubbed ‘Pay2Key.’ Our investigation suggested the ransomware operators were mostly targeting Israeli companies. The ransomware used in the attacks spread rapidly across victims’...

research.checkpoint.com