Group-IB, one of the global leaders in cybersecurity, headquartered in Singapore, released a first threat report detailing the operations of a Russian-speaking ransomware group OldGremlin: “OldGremlin Ransomware. Never ever feed them after the Locknight”. According to Group-IB, in just two years and a half, the “Gremlins” carried out 16 malicious campaigns. OldGremlin remains one of the very few ransomware gangs targeting Russian companies. However, their growing ambitions can push them to explore new geographies in the future. For the second year in a row, OldGremlin demanded the highest ransom from Russian organizations: in 2021 their largest ransom demand amounted to $4.2 million, while in 2022 it soared to $16.9 million.
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