Hardbit Ransomware

Malware Profile Updated 23 days ago
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HardBit is a notorious ransomware group that emerged on the cybersecurity landscape in October 2022. The malware, which is designed to infiltrate and damage computer systems, was discovered by security researchers who noted its unique method of operation. Unlike other ransomware operations, HardBit does not currently employ a double extortion model. Instead, once it infects an organization's network, the group instructs victims to contact them via email or the Tox instant messaging platform. The HardBit ransomware group introduced an innovative approach to setting ransom demands. Instead of setting a fixed ransom amount, they offer to tailor the ransom based on the victim’s cyber insurance coverage. This strategy was first reported in February 2023 and has since become a significant part of their modus operandi. This approach allows the group to maximize their profit by exploiting the financial limits set by the victim's insurance policy. FortiGuard Labs has been actively monitoring the HardBit ransomware variants and has developed specific antivirus signatures for detection. Despite these efforts, the HardBit ransomware continues to pose a significant threat. The current version, 2.0, was released in November 2022, shortly after the initial discovery of the ransomware. As of now, organizations are advised to maintain robust cybersecurity measures to prevent infection, including avoiding suspicious downloads, emails, and websites.
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Hardbit
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HardBit is a type of malware, specifically ransomware, that has been identified as a significant cybersecurity threat. The infection process involves the use of email attachments in ZIP format and HTTP/S transfers for both infiltration and lateral movement within networks. Once installed, HardBit em
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Source Document References
Information about the Hardbit Ransomware Malware was read from the documents corpus below. This display is limited to 20 results, create a free account to see more
SourceCreatedAtTitle
CERT-EU
a year ago
HardBit ransomware tailors ransom to fit your cyber insurance payout | IT Security News
BankInfoSecurity
a year ago
New HardBit 2.0 Ransomware Tactics Target Insurance Coverage
CERT-EU
10 months ago
UK Think Tank Proposes Greater Ransomware Reporting From Cyberinsurance to Government
Fortinet
a year ago
Ransomware Roundup — HardBit 2.0 | FortiGuard Labs
Securityaffairs
a year ago
HardBit ransomware gang adjusts their demands so the insurance company would cover the ransom cost