Threat actors target multiple enterprises, stealing sensitive data, encrypting network files and demanding ransoms.
BlackCat ransomware is executed using primarily a Rust programming language due to memory safety and performance.
BlackCat uses a triple-extortion tactic in which they steal data before encrypting devices and threaten to publish the data if victims do not pay the ransom. They also use the distributed denial-of-service (DDoS) to threaten victims if they do not pay the ransom.
BlackCat has already targeted multiple companies in numerous countries including USA, Australia, and India.
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