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Cybersecurity in the Age of Ransomware. It’s More Than Simply Having Insurance.

Cyber Threats

Combating Ransomware

In many ways, cybersecurity insurance is not so different from car or home insurance. In short, it’s a way to transfer risk. If a cyber incident occurs, insurance can help organizations gain a level of mitigating control and recoup costs, whether they come from direct damages, lawsuits, fines, or breach notification expenses. 

Although cybersecurity insurance has been around a while, the industry has had to evolve with the threat landscape — and the advent of ransomware changed everything.  

In the early 2000s, cyber insurance policies required little more than a simple questionnaire for underwriting and typically only offered coverage in the event of a breach of customer or other sensitive data. If a company lost someone’s personal data and was required to notify them, the policy would cover related expenses. While notifications have been known to get pricey, sometimes costing hundreds of thousands of dollars, the expense is nothing when compared to that of today’s ransomware threat. 

Cybercriminals take the path of least resistance 

Today, cybercriminals don’t want credit card numbers. They don’t even really want companies’ data. In fact, one day, they began to think, “What if I don’t move data? What if I leave it right where it is, but encrypt it and demand a ransom?” 

  1. It’s simpler. Cybercriminals know that companies need their data to survive — however, data theft is a complex process that requires sophisticated skills. Not only do the bad guys have to know how to break in and find the right data, but they also need to know how to remove it. It’s far easier to hold sensitive data for ransom than to try to exfiltrate and monetize it. And now with ransomware as a service (RaaS), anyone can buy ransomware on the web — no sophisticated skills required.

  2. Easy prey. What’s also made ransomware so disruptive is its impact on smaller companies. Often, they are easier to breach, can’t restore their systems, and thus, have no choice but to pay ransoms.

  3. Reduced risk. With the dawn of digital currency, the bad guys no longer had to meet at a graveyard with a hostage in a car trunk in the hopes of pulling off a successful “exchange.” By removing physical boundaries, enabling anonymity, simplifying the payment process, cryptocurrency has helped ransomware become the US$6 trillion business it is today. Now, all the bad guys have to say is, “Pay up or else.” Or else, they’ll continue to deny you access to your data. Or else they’ll publish it on the Dark Web.

Is cyber insurance making companies more secure? 

Gone are the days of answering five questions on a cybersecurity insurance application. In fact, there are major carriers that won’t even provide a quote unless a business can verify it uses multifactor authentication (MFA) for all remote access, has offline backups, and has a cybersecurity program. These are now must-haves.  

This greater scrutiny surrounding the application process is forcing companies of all sizes to build formalized security programs that can identify and address risks. For instance, what’s the likelihood of an employee clicking on an email or link that enables malware to run across the environment and encrypt everything, including backups?  

While there’s no way to eliminate all risks, there are ways to make it harder for the bad guys to succeed. In addition to using MFA for all remote access and administrative tasks and having offline copies of backups that are disconnected from the domain, it’s important to:

  • Have — and practice — both incident response and business continuity plans in place.

  • Implement a behavior-based endpoint detection and response (EDR) solution for serious security monitoring that can stop ransomware.

  • Educate employees. This means having more than a quarterly newsletter on security and rather, getting into the guts of the company culture and tapping into the quality-conscious mindset to ensure that security becomes another aspect of product quality. Everyone needs to understand that if a product isn’t secure, it isn’t a quality product.

In other words, the more you can do to prove you’re a good driver, the more likely an insurance company will be to grant you a policy.

What is the future of cyber insurance?

Ransomware was the first systemic risk that was cross border and cross sector. It shook up the cyber insurance market because companies couldn’t hedge their bet in one area of risk around the world in one sector because everybody was getting hit. Today, insurance companies have been able to level set and now play a critical role not only in helping to transfer some of the risks that companies have, but also in helping to identify best practices that, when implemented by the companies, will ultimately reduce risk.

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Article

Critical MOVEit Automation Vulnerabilities Disclosed

A security advisory released by Progress Software details critical and high-severity vulnerabilities affecting their MOVEit Automation managed file transfer (MFT) solution. The vulnerabilities, tracked as CVE-2026-4670 and CVE-2026-5174, could allow a threat actor to bypass authentication and escalate privileges, leading to unauthorized access, administrative control, and data exposure. Cybercriminals have leveraged several MFT tools in previous campaigns, including the Accellion File Transfer Application (FTA), Fortra GoAnywhere MFT, and Cleo MFT. Flaws in MFT software are highly targeted by cybercriminals due to the volume and sensitivity of the data they control. 

What’s Notable and Unique

  • MOVEit Transfer was heavily exploited by the Cl0p ransomware group in the summer of 2023. While the window of exploit activity lasted only a few weeks, victim extortion and data leaks continued throughout the remainder of the year, leading to more than 70 class-action lawsuits filed in the U.S.

  • There is no workaround or hotfix for these vulnerabilities. To fully patch the flaws, MOVEit administrators need to perform a "full install" of the latest version, which will require taking the system offline.

  • Security researchers have discovered ~1,400 MOVEit Automation instances exposed to the internet, with dozens belonging to U.S. local and state government agencies.

Analyst Comments

While the vulnerabilities patched in Progress Software's recent release differ from the SQL injection vulnerability exploited by the Cl0p ransomware group in 2023, exploitation of CVE-2026-4670 and CVE-2026-5174 could lead to equally impactful outcomes. Beyond the immediate impacts on affected organizations, trusted data-exchange platforms provide threat actors with an avenue to obtain sensitive information and infect partner and supplier environments. Furthermore, Arete has seen the time window between disclosure and weaponization of critical vulnerabilities continue to shrink, especially as threat actors increasingly adopt AI-enabled tooling. As such, organizations should not only implement the patches released by Progress Software, but also hunt for typical post-compromise behavior like enumeration of the underlying database, the creation of new user accounts or users operating with unexpected administrator privileges, and the presence of unauthorized remote monitoring and management (RMM) tools. 

Sources

  • MOVEit Automation Critical Security Alert Bulletin – April 2026 – (CVE-2026-4670, CVE-2026-5174) 

  • From Breach to Courtroom: Inside the MOVEit Exploitation and Mass Litigation 

  • Progress warns of critical MOVEit Automation auth bypass flaw 

A graphic with futuristic lines showing a text saying Ransomware Trends and Data Insights, a monthly blog post.
A graphic with futuristic lines showing a text saying Ransomware Trends and Data Insights, a monthly blog post.

Article

Ransomware Trends & Data Insights: April 2026

The threat landscape has remained relatively predictable thus far in 2026. In April, Qilin dethroned Akira as the most active threat group for the month. Akira, who had been the top ransomware threat each month since July 2025, was still only slightly behind Qilin and had roughly the same activity level as in March. INC Ransom and DragonForce also remained active threats in April, with those four ransomware groups accounting for half of all ransomware and extortion activity observed by Arete.

A monthly graph showing the latest threat actor accounting for half of all ransomware and extortion acitivty observed by Arete.

Figure 1. Activity from the top 3 threat groups in April 2026

Throughout the month, analysts at Arete identified several trends behind the threat actors perpetrating cybercrime activities:

  • Multiple ransomware operations continue to leverage the Bring Your Own Vulnerable Driver (BYOVD) technique to disable endpoint security controls prior to ransomware deployment. Qilin has recently been observed leveraging a malicious file loaded via DLL side-loading along with vulnerable drivers, including rwdrv.sys and hlpdrv.sys, to gain kernel-level access and disable security processes. Arete observed Akira using the same vulnerable drivers in multiple engagements dating back to Q3 2025.


  • DragonForce has leveraged several of the same tools in recent engagements, including the remote desktop application Remotely Agent and the PoisonX.sys vulnerable driver. Additionally, open-source reporting indicates that the group recently used a Python-based backdoor known as VIPERTUNNEL to maintain reliable operator access and evade detection. DragonForce was responsible for over 7% of Arete ransomware engagements in April, and Arete notes increased activity from the group this year compared to 2025.


  • A social engineering tactic has reemerged in recent months in which threat actors impersonate IT and helpdesk staff via Microsoft Teams to contact employees and attempt to convince them to install remote access tools like Quick Assist, giving the threat actors remote access to the victim’s environment. This tactic was initially observed in late 2024 and early 2025 and was linked to now-defunct groups like Black Basta and Cactus, but has more recently been observed in intrusions linked to the Akira and Payouts King ransomware groups.

Sources

  • Arete Internal

Article

Payouts King Utilizes QEMU Emulator to Bypass EDR

Researchers recently identified threat actor campaigns leveraging QEMU, a free open-source virtual machine (VM) emulator, to evade endpoint security solutions. Since QEMU acts as a VM within the target environment, endpoint detection tools cannot scan inside the emulator or detect any malicious files or payloads QEMU contains. Although threat actors have been utilizing QEMU maliciously since 2020, recent activity is attributed to the Payouts King ransomware group and a cluster of threat actors believed to be initial access brokers who have also been exploiting the CitrixBleed2 vulnerability CVE-2025-5777.

What’s Notable and Unique

  • Payouts King has been observed deploying QEMU since November and uses the VM to create a reverse SSH backdoor to evade detection and install various tools, including Rclone, Chisel, and BusyBox.

  • In a separate campaign, threat actors are exploiting CVE-2025-5777, a Citrix NetScaler vulnerability that allows attackers to bypass authentication. Once they’ve gained initial access, the threat actors use QEMU to deploy tools inside the VM, which are then used to steal credentials, identify Kerberos usernames, perform Active Directory reconnaissance, and set up FTP servers for staging or data exfiltration.

Analyst Comments

Threat actors continue to focus their efforts on defense evasion, often leveraging legitimate, easily accessible tools such as QEMU. The continued use of QEMU by multiple threat actors highlights the effectiveness of these tactics and the difficulty in detecting and defending against them. To counter this campaign, organizations should proactively monitor for unauthorized QEMU installations, abnormal scheduled tasks, and port forwarding rules. 

 Sources

  • QEMU abused to evade detection and enable ransomware delivery

Article

Microsoft Teams Continues to be Leveraged in Social Engineering Attacks

Microsoft warns that threat actors are increasingly abusing Microsoft Teams and relying on legitimate tools to gain access and conduct lateral movement within enterprise networks. The threat actors impersonate IT or helpdesk staff to contact employees via cross-tenant chats and trick them into granting remote access for data theft. Microsoft has observed multiple intrusions with a similar attack chain that utilized commercial remote management software, like Quick Assist and the Rclone utility, to transfer files to an external cloud storage service. This tactic, notably associated with Black Basta and Cactus ransomware operations in late 2024 and early 2025, appears to have resurfaced, with similar activity more recently observed in intrusions linked to the Akira and Payouts King ransomware groups.

What’s Notable and Unique

  • Initial access is achieved by leveraging external collaboration features in Microsoft Teams to allow impersonation of internal support personnel, tricking users into bypassing security warnings. This reflects abuse of legitimate functionality rather than exploitation of a Microsoft Teams vulnerability.


  • Following initial access, attackers conduct rapid reconnaissance using Command Prompt and PowerShell to assess privileges, domain membership, and opportunities for lateral movement. Persistence is maintained through Windows Registry modifications, after which attackers leveraged WinRM for lateral movement, targeting domain-joined systems and high-value assets, including domain controllers.


  • Malicious payloads were staged in user-writable directories and executed through DLL side-loading via trusted, signed applications, enabling covert code execution while blending with legitimate activity. Additional remote management tools were also deployed to support broader access, while Rclone or similar utilities were used to stage and exfiltrate sensitive data to external cloud storage. 

Analyst Comments

This activity highlights how modern threat actors can leverage trusted collaboration workflows, remote management tools, and stealthy exfiltration techniques to conduct intrusions through a combination of social engineering and misuse of legitimate functionality. Effective defense depends on layered mitigations that combine identity controls, restricted remote administration, endpoint hardening, network protections, and user awareness measures to disrupt attacker activity at multiple stages of the intrusion lifecycle. To mitigate the risk of this and similar campaigns, users should treat external Teams contacts as untrusted by default, and administrators should restrict or closely monitor remote assistance tools while limiting WinRM usage to controlled systems. 

Sources

  • Cross‑tenant helpdesk impersonation to data exfiltration: A human-operated intrusion playbook

  • Microsoft: Teams increasingly abused in helpdesk impersonation attacks

  • Payouts King Takes Aim at the Ransomware Throne