The Gentlemen (aka Storm-2697) is a Ransomware-as-a-Service (RaaS) program active since at least July 2025. Public reporting indicates that the operators were likely active months earlier as an affiliate (known as ArmCorp) of Qilin RaaS, which Unit 42 tracks as Spikey Scorpius. Their ransomware variants are written in both C and Go programming languages, enabling the threat actors to spread their encryptors across different operating systems and virtual infrastructure.
Additional public reporting revealed that the operators (roughly 20 of them) likely morphed from a private entity into a RaaS model on or about September 2025. While traditional RaaS models typically offer affiliates a 70% to 80% cut of paid ransoms, The Gentlemen offer an unprecedented 90% payout.
Read more…
Source: Palo Alto Unit 42
Sign up for the Cyber Security Review Newsletter
The latest cyber security news and insights delivered right to your inbox
Related:
- MoneyGram data breach included Social Security numbers, government documents, bank and other sensitive data
October 9, 2024
MoneyGram is back online after a cybersecurity breach disrupted services and compromised personal information. Between September 20 and 22, an “unauthorized third party” accessed and acquired the personal data of certain MoneyGram customers, the company said, leaving users unable to access their accounts. The money-sending service provided an update this past Monday, confirming that systems are ...
- Casio Faces Cyberattack: Service Disruptions and Delayed G-Shock Releases
October 9, 2024
Casio, a well-known Japanese electronics company, experienced a significant cyberattack on October 5th. The company reported that an unidentified third party illegally accessed its network, causing system failures and service disruptions. In a statement on October 8th, Casio expressed regret for the inconvenience this has caused to its customers and stakeholders. The company is actively investigating ...
- British Columbia: Clients of Indigenous health authority react to ransomware attack
October 9, 2024
The First Nations Health Authority (FNHA) in British Columbia says it has concluded its investigation into a ransomware attack in May, but some clients remain concerned about the theft of their medical and personal information. The FNHA said it “uncovered evidence that health insurance plan billing data, procurement contracts, business contracts, FNHA budgets, cheques, information on ...
- Awareness of Cyber Risks to Healthcare Organizations is not Always Translating to Adequate Protections
October 8, 2024
Despite growing awareness and widespread acknowledgment of the impact of cyber threats facing the healthcare industry, many within it are still struggling to keep them at bay. The third annual Ponemon Institute Report, commissioned by Proofpoint, found that 92% of US healthcare organizations surveyed experienced at least one cyber attack in the past 12 month, with ...
- File hosting services misused for identity phishing
October 8, 2024
Microsoft has observed campaigns misusing legitimate file hosting services increasingly use defense evasion tactics involving files with restricted access and view-only restrictions. While these campaigns are generic and opportunistic in nature, they involve sophisticated techniques to perform social engineering, evade detection, and expand threat actor reach to other accounts and tenants. These campaigns are intended to ...
- Largest water utility company in the US says it was targeted by a cyberattack
October 8, 2024
American Water Works, the nation’s largest regulated water and wastewater utility company, announced Monday that it was hit by a cyberattack earlier this month, prompting it to pause billing for its millions of customers. The Camden, New Jersey-based utility company said it became aware of “unauthorized activity” in their computer networks and systems last Thursday, which ...