FunkSec is a relatively new but highly active ransomware group that, as of this writing, has targeted several dozen victims across industries like government, banking, communications, and education. In a recent blog post, the group announced a partnership with another ransomware outfit, FSociety, aiming to carry out attacks more efficiently.
This week, SonicWall Capture Labs research team analyzed the group’s malware, known as FunkLocker ransomware. Interestingly, rather than demanding massive payouts, FunkSec typically requests just 0.1 Bitcoin. This suggests they may be pursuing a “churn and burn” strategy — favoring a quick turnover approach to rapidly generate revenue.
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Source: SonicWall
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