{"id":4489,"date":"2025-06-07T10:03:49","date_gmt":"2025-06-07T10:03:49","guid":{"rendered":"https:\/\/serisec.com\/index.php\/2025\/06\/07\/dragonforce-ransomware-claimed-to-compromise-over-120-victims-in-the-past-year\/"},"modified":"2025-06-07T10:03:49","modified_gmt":"2025-06-07T10:03:49","slug":"dragonforce-ransomware-claimed-to-compromise-over-120-victims-in-the-past-year","status":"publish","type":"post","link":"https:\/\/serisec.com\/index.php\/2025\/06\/07\/dragonforce-ransomware-claimed-to-compromise-over-120-victims-in-the-past-year\/","title":{"rendered":"DragonForce Ransomware Claimed To Compromise Over 120 Victims in The Past Year"},"content":{"rendered":"<p>    DragonForce Ransomware Claimed To Compromise Over 120 Victims in The Past Year<br \/>\n \t<BR><br \/>\n<BR><\/BR><br \/>\n    <!-- no image --><br \/>\n \t<BR><br \/>\n<BR><\/BR><\/p>\n<div>\n<p>DragonForce, a sophisticated ransomware operation that emerged in fall 2023, has established itself as a formidable threat in the cybercriminal landscape by claiming over 120 victims across the past year.<\/p>\n<p>Unlike traditional ransomware-as-a-service models, this threat actor has evolved into what security experts term a \u201cransomware cartel,\u201d fundamentally changing how cybercriminal operations are structured and executed.<\/p>\n<p>The group has demonstrated remarkable adaptability, initially operating with <a href=\"https:\/\/cybersecuritynews.com\/brain-cipher-ransomware-analysis-detection\/\" target=\"_blank\" rel=\"noreferrer noopener\">ransomware<\/a> that shared characteristics with LockBit 3.0 before transitioning to a Conti variant during summer 2024.<\/p>\n<p>DragonForce has strategically targeted organizations across diverse sectors including manufacturing, construction, technology, healthcare, and retail, with victims spanning the United States, Italy, and Australia.<\/p>\n<p>Their ransom demands reflect sophisticated victim research, ranging from hundreds of thousands to millions of dollars, with one documented case demanding $7 million from a compromised organization.<\/p>\n<p>Bitdefender researchers <a href=\"https:\/\/www.bitdefender.com\/en-us\/blog\/businessinsights\/dragonforce-ransomware-cartel\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">identified<\/a> DragonForce\u2019s unique operational model, which distinguishes it from conventional ransomware groups through its cartel-like structure and infrastructure provision services.<\/p>\n<p>The group offers affiliates an unprecedented 80% profit share while providing comprehensive operational support including blog management, file servers, admin panels, 24\/7 monitoring, and petabytes of storage capacity.<\/p>\n<p>This approach allows <a href=\"https:\/\/cybersecuritynews.com\/dragonforce-and-anubis-ransomware-operators\/\" target=\"_blank\" rel=\"noreferrer noopener\">DragonForce<\/a> to maintain control over allied groups\u2019 resources while eliminating potential competitors.<\/p>\n<p>The threat actor has demonstrated concerning geopolitical connections, utilizing Russian-linked infrastructure and facing accusations from RansomHub members of associating with the FSB.<\/p>\n<p>Their operational sophistication extends to their data leak site, which features victim listings, stolen data previews, and countdown timers for publication deadlines.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/blogger.googleusercontent.com\/img\/b\/R29vZ2xl\/AVvXsEiMeQSjBZ7ns_-HHzq33Tl9FOFWipuy-XMidSx06brQwIOKIi2z016xn_IwKoLquQLpeUYeVO-oiAyoRfY7HSo-Tqm9UsBrmmRjj1KqinzH7XimkmL1FybGi229syWnVie9zzWoSaF01-3knOkNRMtqCbo0T4FbVHVmfrdMEbLJvauYY7K0Y8HYvDtQk2U\/s16000\/DragonForce%2520banner%2520%28Source%2520-%2520Bitdefender%29.webp?ssl=1\" alt=\"\"><figcaption class=\"wp-element-caption\">DragonForce banner (Source \u2013 Bitdefender)<\/figcaption><\/figure>\n<\/div>\n<p>Recent activities suggest DragonForce may be consolidating power within the ransomware ecosystem, potentially compromising rival groups including <a href=\"https:\/\/cybersecuritynews.com\/20-cves-exploited-by-lockbit-uncovered\/\" target=\"_blank\" rel=\"noreferrer noopener\">LockBit<\/a>.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Advanced Evasion and Encryption Capabilities<\/strong><\/h2>\n<p>DragonForce employs sophisticated technical mechanisms that enable persistent access and comprehensive system compromise.<\/p>\n<p>The group exploits multiple critical vulnerabilities including CVE-2024-21412, CVE-2024-21887, and CVE-2024-21893 to establish initial footholds in target networks.<\/p>\n<p>Their persistence strategy heavily relies on Living Off the Land techniques, leveraging legitimate executables such as Schtasks.exe and Taskkill.exe to maintain access while avoiding detection.<\/p>\n<p>The ransomware\u2019s encryption capabilities span multiple platforms with specialized variants for Windows, Linux, ESXi, BSD, and NAS systems.<\/p>\n<p>Their encryptors support various encryption modes including band-pass, percentage, header, and normal encryption, with multithreading capabilities for enhanced performance.<\/p>\n<p>Upon successful execution, the <a href=\"https:\/\/cybersecuritynews.com\/chatgpt-powered-malware-analysis\/\" target=\"_blank\" rel=\"noreferrer noopener\">malware<\/a> appends .dragonforce_encrypted extensions to compromised files.<\/p>\n<p>The group has incorporated lessons from previous ransomware operations, particularly regarding GPU cluster decryption methods, to strengthen their encryption algorithms and file recovery prevention mechanisms across different operating systems.<\/p>\n<p class=\"has-text-align-center has-background\" style=\"background:linear-gradient(180deg,rgb(238,238,238) 91%,rgb(169,184,195) 100%)\"><strong>Speed up and enrich threat investigations with Threat Intelligence Lookup! -&gt;\u00a0<a href=\"https:\/\/intelligence.any.run\/plans?utm_source=csn_jun&amp;utm_medium=article&amp;utm_campaign=cyber-ti-guide-for-cisos&amp;utm_content=plans2&amp;utm_term=030625\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>50 trial search requests<\/strong><\/a><\/strong><\/p>\n<p>The post <a href=\"https:\/\/cybersecuritynews.com\/dragonforce-ransomware-claimed\/\">DragonForce Ransomware Claimed To Compromise Over 120 Victims in The Past Year<\/a> appeared first on <a href=\"https:\/\/cybersecuritynews.com\/\">Cyber Security News<\/a>.<\/p>\n<\/div>\n<p> \t<BR><br \/>\n <BR><\/BR><br \/>\n    Tushar Subhra Dutta<br \/>\n \t<BR><br \/>\n<BR><\/BR><br \/>\n<a href=\"https:\/\/cybersecuritynews.com\/dragonforce-ransomware-claimed\/\">Go to cyber-security-news<\/a><br \/>\n \t<BR><br \/>\n <BR><\/BR><\/p>\n","protected":false},"excerpt":{"rendered":"<p>DragonForce Ransomware Claimed To Compromise Over 120 Victims in The Past Year DragonForce, a sophisticated ransomware operation that emerged in fall 2023, has established itself as a formidable threat in the cybercriminal landscape by claiming over 120 victims across the past year. Unlike traditional ransomware-as-a-service models, this threat actor has evolved into what security experts [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63,231,649],"tags":[130],"class_list":["post-4489","post","type-post","status-publish","format-standard","hentry","category-cyber-security-news","category-ransomware","category-threats","tag-cyber-security-news"],"_links":{"self":[{"href":"https:\/\/serisec.com\/index.php\/wp-json\/wp\/v2\/posts\/4489"}],"collection":[{"href":"https:\/\/serisec.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/serisec.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/serisec.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/serisec.com\/index.php\/wp-json\/wp\/v2\/comments?post=4489"}],"version-history":[{"count":0,"href":"https:\/\/serisec.com\/index.php\/wp-json\/wp\/v2\/posts\/4489\/revisions"}],"wp:attachment":[{"href":"https:\/\/serisec.com\/index.php\/wp-json\/wp\/v2\/media?parent=4489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/serisec.com\/index.php\/wp-json\/wp\/v2\/categories?post=4489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/serisec.com\/index.php\/wp-json\/wp\/v2\/tags?post=4489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}