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Dark Reading
With an immature codebase and a "rather chaotic encryption scheme" prone to failure, the group targets small businesses with custom malware.
The Hacker News
The threat actor known as CosmicBeetle has debuted a new custom ransomware strain called ScRansom in attacks targeting small- and medium-sized businesses (SMBs) in Europe, Asia, Africa, and South America, while also likely working as an affiliate for RansomHub. "CosmicBeetle replaced its previously deployed ransomware, Scarab, with ScRansom, which is continually improved," ESET researcher Jakub
ThreatPost
The group blends into an environment before loading up trivial, thickly stacked, fraudulent financial transactions too tiny to be noticed but adding up to millions of dollars.
Bleeping Computer
A financially-motivated actor dubbed 'Elephant Beetle' is stealing millions of dollars from organizations worldwide using an arsenal of over 80 unique tools and scripts. [...]
ZDNet Security
Cybersecurity researchers warn about cyberattacks by 'Elephant Beetle' - which use over 80 tools and exploits legacy vulnerabilities to hide inside networks for months at a time.
The Hacker News
Cybersecurity researchers have taken the wraps of an organized financial-theft operation undertaken by a discreet actor to target transaction processing systems and siphon funds from entities primarily located in Latin America for at least four years. The malicious hacking group has been codenamed Elephant Beetle by Israeli incident response firm Sygnia, with the intrusions aimed at banks and