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Report

Malware Spotlight: Akira Ransomware

Arete Analysis

Cyber Threats

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Executive Summary

Since April 2023, Arete’s Incident Response (IR) team has responded to more than one hundred incidents attributed to the Akira ransomware group. Akira is a prolific threat and quickly established itself as one of the most active ransomware groups alongside ALPHV/BlackCat and LockBit in 2023. In 2024, Akira benefited from law enforcement actions that disrupted LockBit and ALPHV/BlackCat’s operations and has continued to be one of the most active threat actor groups.

This spotlight explores the ransomware group’s observed behavior, background information on the threat actor, and statistics from Incident Response engagements, along with a technical analysis of Akira’s ransomware executable. Finally, we discuss security recommendations to better defend against this evolving cyber threat and mitigate the risk of financial and reputational losses.

Incident Response Data on the Akira Ransomware Group

The information below is based on engagements involving Akira ransomware 
investigated by Arete since April 2023. Our IR, Threat Intelligence, and 
Data Analytics teams work together to analyze key data points during every 
ransomware engagement and form real-time threat actor (TA) insights.
 
- Targeted sectors include healthcare, hospitality, manufacturing, public and 
  financial services, and professional services.

- The median initial demand is $500,000.

- The median ransom payment facilitated is $150,000.

- Tools observed during investigations include SystemBC, Cobalt Strike, Rclone,
  Filezilla, WinSCP, AnyDesk, PuTTY, SoftPerfect Network Scanner (netscan), 
  Advanced IP Scanner, and Angry IP Scanner.

- Over the last six months, 43% of engagements involved data exfiltration.

- Depending on the variant, Akira encrypts and appends an .akira”, .powerranges”, 
  or .akiranew” extension to encrypted files.

- The ransom note file name is commonly “akira_readme.txt” or “powerranges.txt” and 
  includes a password-protected Tor site for negotiations and communication with 
  victims.

- The group operates a data leak site (DLS) self-proclaimed as “AKIRA” and commonly 
  threatens victims with releasing stolen data as a pressure tactic if a payment is 
  not made.

- Akira will delete Windows Shadow Volume Copies using Powershell and utilize 
  Windows’ Restart Manager to exit processes and services that could potentially 
  prevent encryption

The information below is based on engagements involving Akira ransomware 
investigated by Arete since April 2023. Our IR, Threat Intelligence, and 
Data Analytics teams work together to analyze key data points during every 
ransomware engagement and form real-time threat actor (TA) insights.
 
- Targeted sectors include healthcare, hospitality, manufacturing, public and 
  financial services, and professional services.

- The median initial demand is $500,000.

- The median ransom payment facilitated is $150,000.

- Tools observed during investigations include SystemBC, Cobalt Strike, Rclone,
  Filezilla, WinSCP, AnyDesk, PuTTY, SoftPerfect Network Scanner (netscan), 
  Advanced IP Scanner, and Angry IP Scanner.

- Over the last six months, 43% of engagements involved data exfiltration.

- Depending on the variant, Akira encrypts and appends an .akira”, .powerranges”, 
  or .akiranew” extension to encrypted files.

- The ransom note file name is commonly “akira_readme.txt” or “powerranges.txt” and 
  includes a password-protected Tor site for negotiations and communication with 
  victims.

- The group operates a data leak site (DLS) self-proclaimed as “AKIRA” and commonly 
  threatens victims with releasing stolen data as a pressure tactic if a payment is 
  not made.

- Akira will delete Windows Shadow Volume Copies using Powershell and utilize 
  Windows’ Restart Manager to exit processes and services that could potentially 
  prevent encryption

The information below is based on engagements involving Akira ransomware 
investigated by Arete since April 2023. Our IR, Threat Intelligence, and 
Data Analytics teams work together to analyze key data points during every 
ransomware engagement and form real-time threat actor (TA) insights.
 
- Targeted sectors include healthcare, hospitality, manufacturing, public and 
  financial services, and professional services.

- The median initial demand is $500,000.

- The median ransom payment facilitated is $150,000.

- Tools observed during investigations include SystemBC, Cobalt Strike, Rclone,
  Filezilla, WinSCP, AnyDesk, PuTTY, SoftPerfect Network Scanner (netscan), 
  Advanced IP Scanner, and Angry IP Scanner.

- Over the last six months, 43% of engagements involved data exfiltration.

- Depending on the variant, Akira encrypts and appends an .akira”, .powerranges”, 
  or .akiranew” extension to encrypted files.

- The ransom note file name is commonly “akira_readme.txt” or “powerranges.txt” and 
  includes a password-protected Tor site for negotiations and communication with 
  victims.

- The group operates a data leak site (DLS) self-proclaimed as “AKIRA” and commonly 
  threatens victims with releasing stolen data as a pressure tactic if a payment is 
  not made.

- Akira will delete Windows Shadow Volume Copies using Powershell and utilize 
  Windows’ Restart Manager to exit processes and services that could potentially 
  prevent encryption


Background

Akira has evolved into a notable ransomware operation and was among the top variants observed by Arete in the first half of 2024.

Source: Arete's H1 2024 Crimeware Report


Akira targets a broad range of organizations throughout North America, including Canada, and swiftly lists victims on its data leak site. Targeted sectors include healthcare, hospitality, manufacturing, public and financial services, and professional services. The group maintains Windows and Linux versions of its ransomware and uses virtual private network (VPN) appliances as an initial access vector in 50% of attacks.

Megazord, a variant of Akira, demonstrates the evolution of the group’s ransomware. Introduced around August 2023, this variant is unique due to its Rust-based code, which is a departure from the C++ code of the original Akira ransomware. The Megazord variant also includes different command line arguments and encrypts files with a “.powerranges” extension, which are differentiating attributes.


Technical Analysis

 Malware analysis of one of the Windows-based variants revealed that Akira ransomware:

  • Supports multiple command-line arguments.

  • Encrypts files on the system and mounted shares.

  • Adds the following extension to encrypted files (variant dependent): .akira (e.g., file.docx.akira).

  • Creates a ransom note with the following filename (variant dependent): akira_readme.txt.

  • References a data leak site in the ransom note that, when accessed, self-identifies the group as AKIRA.

  • Kills a list of processes and services.

  • Maintains a list of whitelisted files and directories to ensure it will not render the system unusable, preventing recovery when running a decryptor.

  • Attempts to prevent system recovery by deleting the system’s volume shadow copies.

  • Creates a log file with a name based on the date and time: Log-%d-%m-%Y-%H-%M-%S (e.g., Log-19-09-2024-09-21-20.txt).


Execution Pattern/Arguments

Akira ransomware does not need a command line argument to execute and encrypt files in the system. However, Akira supports the following command line arguments:

Command line argument
Description

-p / –encryption_path

Specify a target directory to encrypt. If not provided, the payload will encrypt the local and mounted shared drives by default.

-s / –share_file

Encrypt shared volumes/directory files.

-n / –encryption_percent

Number that represents the percentage of the file that will be encrypted.

-localonly

Encrypt only local volumes.

-e/ –exclude

Meant to exclude directories but does not seem to be fully functional.


Megazord variant:

Command line argument
Description

–path

Path to encrypt. If not provided, the payload will encrypt the local and mounted shared drives by default.

–id

Unique token to execute the ransomware.

–threads

Number of threads (1-1000).

–h (–help)

Displays help options.

-log

Logging options with multiple logs supported (info, error, debug). Not displayed by default.


Examples of how the supported arguments are used:

Akira.exe -p=C:\Users\%USERNAME%\Desktop\MyFiles

Akira.exe –encryption_percent=10

Figure 1. Code in the ransomware written to read command line arguments


Stop Services and Processes

Before file encryption, the ransomware terminates a pre-determined list of processes and services to encrypt as many files as possible. Akira ransomware contains a list of processes it will exclude during process termination, listed below:

Process names:

explorer.exe, sihost.exe, spoolsv.exe, dwm.exe, LogonUI.exe, fontdrvhost.exe, cmd.exe, csrss.exe, smss.exe, SearchUI.exe, lsass.exe, conhost.exe, System, winlogon.exe, services.exe, wininit.exe, Registry, Memory Compression, System Idle Process, Secure System


File and Directory Exclusions

The ransomware excludes system-related files and folders, ransomware-related files, and whitelisted extensions during encryption.

Excluded file extensions:

.exe, .dll, .sys, .msi, .lnk, .akira, akira_readme.txt

Excluded directories:

tmp, temp, winnt, $Recycle.Bin, thumb, System Volume Information, $RECYCLE.BIN, Windows, ProgramData, Trend Micro, ProgramData, Boot


Inhibit System Recovery

Windows operating systems contain features that can help fix corrupted system files, including shadow copies, which are backups of files created by the Volume Shadow Copy Service (VSS). By deleting shadow copies, the ransomware can prevent victims from restoring files from backups, making it more difficult for them to recover their data without paying the ransom.

The ransomware deletes volume shadow copies before file encryption by starting the following Powershell process and executing the command:

powershell.exe -Command “Get-WmiObject Win32_Shadowcopy | Remove-WmiObject”


Network Share Discovery

Akira ransomware can enumerate network-mounted shares by scanning the network interfaces. If any are found, it will attempt to encrypt them, as shown below.

Figure 2. Share drive encrypted


Data Encrypted for Impact

The ransomware initially finds available drives and then loads the files one by one using the Windows API FindFirstFileW and FindNextFileW. The ransomware generates random AES keys to encrypt the files, and after encrypting them, the keys are encrypted using a public RSA key. The resulting key is again encrypted and placed at the end of the file.

Figure 3. Data encryption code

Figure 4. Extension added to the encrypted files

Figure 5. Encrypted files

During execution, the ransomware creates a log file in the working directory where the file is executed from. The log file is named based on the date and time of execution using the following string format: Log-%d-%m-%Y-%H-%M-%S. For example, during execution, the following log file with the name was created: Log-19-09-2024-09-21-20.txt.

Figure 6. Log file created by Akira

Figure 7. Portion of the log file

Figure 8. Log file name string format in the code


Upon successful execution, the ransomware creates ransom notes with the file name akira_readme.txt. The Megazord variant creates ransom notes with the same content, but the file name is powerranges.txt.

Figure 9. Akira ransom note


Ransom note content:

Hi friends,
 
Whatever who you are and what your title is if you’re reading this it means the internal infrastructure of your company is fully or partially dead, all your backups – virtual, physical – everything that we managed to reach – are completely removed. Moreover, we have taken a great amount of your corporate data prior to encryption.
 
Well, for now let’s keep all the tears and resentment to ourselves and try to build a constructive dialogue. We’re fully aware of what damage we caused by locking your internal sources. At the moment, you have to know:
 

  1. Dealing with us you will save A LOT due to we are not interested in ruining your financially. We will study in depth your finance, bank & income statements, your savings, investments etc. and present our reasonable demand to you. If you have an active cyber insurance, let us know and we will guide you how to properly use it. Also, dragging out the negotiation process will lead to failing of a deal.

  2. Paying us you save your TIME, MONEY, EFFORTS and be back on track within 24 hours approximately. Our decryptor works properly on any files or systems, so you will be able to check it by requesting a test decryption service from the beginning of our conversation. If you decide to recover on your own, keep in mind that you can permanently lose access to some files or accidently corrupt them – in this case we won’t be able to help.

  3. The security report or the exclusive first-hand information that you will receive upon reaching an agreement is of a great value, since NO full audit of your network will show you the vulnerabilities that we’ve managed to detect and used in order to get into, identify backup solutions and upload your data.

  4. As for your data, if we fail to agree, we will try to sell personal information/trade secrets/databases/source codes – generally speaking, everything that has a value on the darkmarket – to multiple threat actors at ones. Then all of this will be published in our blog – https://akiraI2iz6a7qgd3ayp3I6yub7xx2uep76idk3u2kolIpj5z3z636bad[.]onion

  5. We’re more than negotiable and will definitely find the way to settle this quickly and reach an agreement which will satisfy both of us.

 
If you’re indeed interested in our assistance and the services we provide you can reach out to us following simple instructions:
 

  1. Install TOR Browser to get access to our chat room – https://www.torproject.org/download/.

  2. Paste this link – <ONION_LINK>

  3. Use this code – <UNIQUE_CODE> – to log into our chat.

 
Keep in mind that the faster you will get in touch, the less damage we cause.


Modify Registry

The Windows registry is a database that stores configuration settings and values for the Windows operating system. It manages user preferences, installed software, system configurations, and more. Malware abuses the Windows registry to maintain persistence, hide its presence, disable security settings, and launch malicious scripts. Akira did not perform any registry key modification.


Mutex

The mutex is the fundamental tool for managing shared resources between multiple threads or processes. Typically, ransomware uses a mutex to avoid reinfecting the victim system and causing multiple layers of encryption. The ransomware did not create a mutex during execution.


Network Activity

The ransomware did not try to communicate with a remote server other than encrypting data from mounted shares.


Indicators of Compromise

Indicator
Type
Context

9f873c29a38dd265decb6517a2a1f3b5d4f90ccd42e-b61039086ea0b5e74827e

SHA256 hash

Akira ransomware

2b00a02196b87445633cabde506b4387979504cf60955f0b-40cf2e4da4f0fd23

SHA256 hash

Akira ransomware

237d3c744fd5fc5d7e7a55e4385dff51045a1c6d8ee-7346a270a688ab3791d49

SHA256 hash

Akira ransomware

akira_readme.txt, powerranges.txt

File name

Akiraransom notes

.akira, .powerranges, .akiranew

Extension

Encrypted files extension

powershell.exe -Command “Get-WmiObject Win32_Shadowcopy | Remove-WmiObject”

Process

Volume Shadow Copy deletion

Log-19-09-2024-09-21-20.txt

File name

Example log file name created by Akira

https://akirai2iz6a7qgd3ayp3l6yub7xx2uep76idk3u2kolIpj5z3z636bad[.]onion

URL

TA data leak site (DLS)


Data Leak Site

The ransom note contains a data leak site (DLS) that, when accessed, displayed the following page, self-identifying the group as Akira:

Figure 10. Tor DLS


Tor Chat Site

The ransom note contains a Tor chat site and a unique code used to log into the chat. The Tor chat site displayed the following page:

Figure 11. Tor chat site


Detection Mechanisms

Custom Detections and Blocking with Arete Bloktd℠

SentinelOne S1QL 1.0 query syntax (STAR rule):
Volume Shadow Copy Deletion




Akira Ransomware

EndpointOS = "windows" AND ((ObjectType = "process" AND CmdLine In Contains Anycase (
".\ProgramData\w.exe", ":\w.exe", ":\ProgramData\win.exe", ":\programdata\lck.exe", 
":\ProgramData\dllhost32.exe", ":\ProgramData\hpupdate.exe")) 
OR (ObjectType = "file" AND (EventType In ("File Creation", "File Scan") AND 
(TgtFilePath In Contains Anycase (":\ProgramData\w.exe", ":\w.exe", ":\ProgramData\win.exe", 
":\programdata\lck.exe", ":\ProgramData\dllhost32.exe", ":\ProgramData\hpupdate.exe", 
":\akira_readme.txt", ":\powerranges.txt", "akiranew.txt") OR TgtFilePath RegExp 
"\\Log-[0-9]{2}-[0-9]{2}-20[0-9]{2}-[0-9]{2}-[0-9]{2}\.

EndpointOS = "windows" AND ((ObjectType = "process" AND CmdLine In Contains Anycase (
".\ProgramData\w.exe", ":\w.exe", ":\ProgramData\win.exe", ":\programdata\lck.exe", 
":\ProgramData\dllhost32.exe", ":\ProgramData\hpupdate.exe")) 
OR (ObjectType = "file" AND (EventType In ("File Creation", "File Scan") AND 
(TgtFilePath In Contains Anycase (":\ProgramData\w.exe", ":\w.exe", ":\ProgramData\win.exe", 
":\programdata\lck.exe", ":\ProgramData\dllhost32.exe", ":\ProgramData\hpupdate.exe", 
":\akira_readme.txt", ":\powerranges.txt", "akiranew.txt") OR TgtFilePath RegExp 
"\\Log-[0-9]{2}-[0-9]{2}-20[0-9]{2}-[0-9]{2}-[0-9]{2}\.

EndpointOS = "windows" AND ((ObjectType = "process" AND CmdLine In Contains Anycase (
".\ProgramData\w.exe", ":\w.exe", ":\ProgramData\win.exe", ":\programdata\lck.exe", 
":\ProgramData\dllhost32.exe", ":\ProgramData\hpupdate.exe")) 
OR (ObjectType = "file" AND (EventType In ("File Creation", "File Scan") AND 
(TgtFilePath In Contains Anycase (":\ProgramData\w.exe", ":\w.exe", ":\ProgramData\win.exe", 
":\programdata\lck.exe", ":\ProgramData\dllhost32.exe", ":\ProgramData\hpupdate.exe", 
":\akira_readme.txt", ":\powerranges.txt", "akiranew.txt") OR TgtFilePath RegExp 
"\\Log-[0-9]{2}-[0-9]{2}-20[0-9]{2}-[0-9]{2}-[0-9]{2}\.

Note: These threat hunting queries may need to be tuned for your specific network environment.


Yara

rule Akira_ransomware_executable
{
    meta:
        author = "areteir.com"
        description = "Detects the Akira ransomware executable"
        target = "Windows systems"
        file_type = "exe"
        copyright = "Copyright © 2024 by Arete Advisors, LLC."
        distribution = "No re-distribution without Arete Advisors, LLC consent."

    strings:
        $ns1 = "Shadowcopy" ascii wide nocase
        $ns2 = "Remove-WmiObject" ascii wide nocase
        $ns3 = "write_encrypt_info" ascii wide nocase
        $ns4 = "Log-%d-%m-%Y-%H-%M-%S" ascii wide nocase
        $as1 = "--encryption_path" ascii wide nocase
        $as2 = "--share_file" ascii wide nocase
        $as3 = "--encryption_percent" ascii wide nocase
        $as4 = "-localonly" ascii wide nocase
        $ms1 = "megazord\\src\\main.rs" ascii wide nocase
        $ms2 = "megazord::windowsmegazord\\src\\windows.rs" ascii wide nocase
        $ms3 = "megazord::path_findermegazord\\src\\path_finder.rs" ascii wide nocase
        $ms4 = "megazord\\src\\lock.rs" ascii wide nocase
        $pdb1 = ":\\rust\\megazord" ascii wide nocase
        $pdb2 = "\\release\\deps\\megazord.pdb" ascii wide nocase
        $dls = "akiral2iz6a7qgd3ayp3l6yub7xx2uep76idk3u2kollpj5z3z636bad" ascii wide nocase

condition:
((uint16(0) == 0x5A4D) and (uint32(uint32(0x3C)) == 0x00004550)) and
( ( (2 of ($ns*)) and (3 of ($as*)) ) or ( all of ($ms*) ) or ( all of ($pdb*) ) or ($dls) )
}

rule Akira_ransomware_executable
{
    meta:
        author = "areteir.com"
        description = "Detects the Akira ransomware executable"
        target = "Windows systems"
        file_type = "exe"
        copyright = "Copyright © 2024 by Arete Advisors, LLC."
        distribution = "No re-distribution without Arete Advisors, LLC consent."

    strings:
        $ns1 = "Shadowcopy" ascii wide nocase
        $ns2 = "Remove-WmiObject" ascii wide nocase
        $ns3 = "write_encrypt_info" ascii wide nocase
        $ns4 = "Log-%d-%m-%Y-%H-%M-%S" ascii wide nocase
        $as1 = "--encryption_path" ascii wide nocase
        $as2 = "--share_file" ascii wide nocase
        $as3 = "--encryption_percent" ascii wide nocase
        $as4 = "-localonly" ascii wide nocase
        $ms1 = "megazord\\src\\main.rs" ascii wide nocase
        $ms2 = "megazord::windowsmegazord\\src\\windows.rs" ascii wide nocase
        $ms3 = "megazord::path_findermegazord\\src\\path_finder.rs" ascii wide nocase
        $ms4 = "megazord\\src\\lock.rs" ascii wide nocase
        $pdb1 = ":\\rust\\megazord" ascii wide nocase
        $pdb2 = "\\release\\deps\\megazord.pdb" ascii wide nocase
        $dls = "akiral2iz6a7qgd3ayp3l6yub7xx2uep76idk3u2kollpj5z3z636bad" ascii wide nocase

condition:
((uint16(0) == 0x5A4D) and (uint32(uint32(0x3C)) == 0x00004550)) and
( ( (2 of ($ns*)) and (3 of ($as*)) ) or ( all of ($ms*) ) or ( all of ($pdb*) ) or ($dls) )
}

rule Akira_ransomware_executable
{
    meta:
        author = "areteir.com"
        description = "Detects the Akira ransomware executable"
        target = "Windows systems"
        file_type = "exe"
        copyright = "Copyright © 2024 by Arete Advisors, LLC."
        distribution = "No re-distribution without Arete Advisors, LLC consent."

    strings:
        $ns1 = "Shadowcopy" ascii wide nocase
        $ns2 = "Remove-WmiObject" ascii wide nocase
        $ns3 = "write_encrypt_info" ascii wide nocase
        $ns4 = "Log-%d-%m-%Y-%H-%M-%S" ascii wide nocase
        $as1 = "--encryption_path" ascii wide nocase
        $as2 = "--share_file" ascii wide nocase
        $as3 = "--encryption_percent" ascii wide nocase
        $as4 = "-localonly" ascii wide nocase
        $ms1 = "megazord\\src\\main.rs" ascii wide nocase
        $ms2 = "megazord::windowsmegazord\\src\\windows.rs" ascii wide nocase
        $ms3 = "megazord::path_findermegazord\\src\\path_finder.rs" ascii wide nocase
        $ms4 = "megazord\\src\\lock.rs" ascii wide nocase
        $pdb1 = ":\\rust\\megazord" ascii wide nocase
        $pdb2 = "\\release\\deps\\megazord.pdb" ascii wide nocase
        $dls = "akiral2iz6a7qgd3ayp3l6yub7xx2uep76idk3u2kollpj5z3z636bad" ascii wide nocase

condition:
((uint16(0) == 0x5A4D) and (uint32(uint32(0x3C)) == 0x00004550)) and
( ( (2 of ($ns*)) and (3 of ($as*)) ) or ( all of ($ms*) ) or ( all of ($pdb*) ) or ($dls) )
}


Recommended Mitigations

  • Utilize an endpoint detection and response (EDR) solution with the capability to halt detected processes and isolate systems on the network based on identified conditions.

  • Block any known attacker C2s in the firewall.

  • Implement multi-factor authentication on RDP and VPN to restrict access to critical network resources.

  • Eliminate unnecessary RDP ports exposed to the internet.

  • Block a high number of SMB connection attempts from one system to others in the network over a short period of time.

  • Perform periodic dark web monitoring to verify if data is available for sale on the black market.

  • Perform penetration tests.

  • Periodically patch systems and update tools.

  • Monitor connections to the network from suspicious locations.

  • Monitor downloads and uploads of files to file-sharing services outside standard work hours.

  • Monitor file uploads from domain controllers to the internet.

  • Monitor network scans from uncommon servers (e.g., RDP server).

Organizations can find the full list of US government-recommended ransomware prevention and mitigation
guidance here: https://www.cisa.gov/stopransomware/ransomware-guide.

Arete provides data-driven cybersecurity solutions to transform your response to emerging cyber threats.
Click here to learn more.


References

 

At Arete, we envision a world without cyber extortion, where people, businesses, and governments can thrive. We are taking all that we know from over 9,000 engagements to inform our solutions and strengthen powerful tools to better prevent, detect, and respond to the cyber extortion threats of tomorrow. Our elite team of experts provides unparalleled capabilities to address the entire cyber threat lifecycle, from incident response and restoration to advisory and managed security services. To learn more about our solutions, visit www.areteir.com.

Back to Blog Posts

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