Article

Surtr Ransomware Pays Tribute to REvil

Mar 18, 2022

Combating Ransomware

Arete Analysis

Red digital warning symbol glowing on a circuit board interface, representing active ransomware exploitation of the VMware ESXi CVE 2025 22225 vulnerability and hypervisor compromise.

Summary 

Surtr ransomware, a significant threat in the current cyber landscape, paid tribute to the now defunct REvil (aka Sodinokibi) group through its sophisticated techniques, although the developers of Surtr ransomware likely do not have a direct connection to REvil. 

In February 2022, Arete investigated a Surtr ransomware incident where the ransomware author(s) paid tribute to the now defunct REvil (aka Sodinokibi) group by making a registry key change to the infected host. REvil was an infamous Russian-speaking Ransomware-as-a-Service (RaaS) operation known for the Kaseya attack. In October 2021, a multinational effort disrupted REvil’s operations, followed by Romanian and Russian law enforcement largely dismantling the group by arresting individuals and seizing millions in cash and cryptocurrency.

Arete notes that the developers of Surtr ransomware likely do not have a direct connection to the now defunct REvil ransomware group. However, it is likely that the developers of Surtr are leveraging their REvil tribute to gain popularity. Arete also notes that multiple ransomware groups and affiliates work in a closed ecosystem, sharing source code, strategies, initial access brokers, functionality, and development resources. Thus, it is possible a Surtr developer previously worked with the REvil ransomware group.

Research revealed that Surtr ransomware

  • Changes the victim’s system manufacturer name with a sentence paying tribute to REvil.

  • Uses a message box to warn affiliates not to run the malware in the Commonwealth of Independent States (CIS) — a group of countries in Eastern Europe and Asia formed by Russia and other republics after the dissolution of the Soviet Union — or they will be banned.

  • Displays messages not common on mature ransomware, which could indicate that the ransomware’s development is still in the early stages.

  • Like other ransomware, encrypts files in network shares, deletes volume shadow copies, clears Windows event logs, and has a list of whitelisted file extensions, file names, and folders.

  • Has multilayer obfuscation.

  • Creates persistence through registry key changes to start as a service, in registry run keys, and make a copy of itself in the StartUp directory.

  • Creates a mutex value to prevent another copy of the process from running in the system.

Background

Surtr is a new RaaS operation, first observed in December 2021. Like many other ransomware groups, Surtr avoids its execution in the CIS countries and adopts the double extortion scheme of stealing and threatening to leak data if ransom demands are not met. In this investigation, the ransomware targeted Windows systems and employed several anti-debugging/anti-sandboxing techniques. At present, there are no public decryptors or logical flaws to recover files encrypted by Surtr.

Technical Analysis

Surtr ransomware is packed and has an entropy value of 7.62115. The malware has multilayer obfuscation. The native Windows Application Programming Interface (API) “CryptDecrypt” unpacks the first layer of packed content. The packer used Microsoft Enhanced RSA and Advanced Encryption Standard (AES) Cryptographic Provider (CALG_AES_256) to decrypt the data. The unpacked sample is once again UPX packed, which drops the actual payload.

Figure 1. Decrypt function

Figure 2. Decrypting PE file in the memory (encrypted vs decrypted)

Upon decrypting the Portable Executable (PE) file, the packer spawns the same as a new child process with the original packed executable name. Using Windows API “VirtualAllocEx”, it allocates an address space in the spawned child process and writes the process memory with newly decoded binary, later resuming the child process.

Figure 3. Process injection

The decrypted sample shown in Figure 2 is UPX packed. Upon successful unpacking, the analyst gets the Surtr ransomware payload.

Surtr ransomware retrieves file attributes for a specified file or directory “NoRunAnyWay”. If the file or directory does not exist, the program continues creating a folder “Service” at “%ProgramData%”. Later, the sample checks for “config.txt” at the same directory. It appears the ransomware stores its configuration at the “C:\ProgramData\Services” folder at a later point in time.

The ransomware tries to open a mutex by the name “SurtrMUTEX”. If the mutex does not exist, it continues the execution or the ransomware terminates the current program. This activity ensures that a single instance of the program is running.

Figure 4. Creating Mutex

Similar to other ransomware, Surtr avoids execution in the CIS countries, which include Armenia, Azerbaijan, Belarus, Kazakhstan, Kirghizstan, Moldavia, Uzbekistan, Russia, Tajikistan, Turkmenistan, Ukraine, to avoid infecting users where the operators and affiliates most likely reside and visit to prevent arrest by local authorities. Initially, the sample checks the IP address of the victim’s machine and collects IP-related information using ip-api[.]com, which returns a JSON file containing the country of IP origin. Later, this is compared against the list of countries hardcoded in the sample. If there is a match, it avoids execution, leaving a comment “WARNING. Surtr does not run in this country if you do it again you will be banned.” Note: The ransomware also works without proper response from the ip-api[.]com.  

Here is the list of countries the ransomware avoids:

Figure 5. Comparing CIS name to avoid execution

Ransomware anti-sandboxing techniques are shown below

  1. The ransomware keeps track of anti-sandboxing techniques using a counter. As shown below, the sample initially checks for API Hooks “E9” for the Windows function “CreateProcessA”. The counter is updated accordingly.

Figure 6. Anti-Sandbox-1

  1. The ransomware checks if the total physical memory (RAM) of the host machine is less than 500MB using the API “GlobalMemoryStatus”. If the victim’s hardware passes this check, the counter is incremented. 

  1. Later, using DeviceIOControl, the ransomware gets the geometry (File size) of the C:\ drive and compares it with a hardcoded constant. If the victim’s hardware passes this check, the counter is incremented.[1]

Figure 7. Anti-Sandbox-2, 3

Ransomware anti-debugging techniques are shown below.

  1. Initially, the ransomware checks if any hardware breakpoints (DR0, DR1, DR2, DR3) are set. If the condition satisfies the debugging, the counter is incremented.

Figure 8. Anti-Debugging-1

  1. It also leverages the Windows API “IsDebuggerPresent” to check if the process is being debugged or not and updates the counter accordingly.

Figure 9. Anti-Debugging-2

  1. It appears the program accesses the “Configuration Directory” itself and checks if “GlobalFlagsClear” is set to 0. If yes, the counter is updated.

Figure 10. Anti-Debugging-3

  1. The ransomware checks for the NtGlobalFlag value of the Process Environment Block, which is set to the default value “0” by the operating system. When debugging the malware with a software debugger, the NTGlobalFlag value would be set to 0x70. Passing this check would indicate the presence of a debugger and the counter would be updated [2].

Figure 11. Anti-Debugging-4

Upon these checks, the ransomware compares these calculated individual counters of anti-debugging/anti-sandboxing with the value 2. If either of these counters is more than 2, the ransomware exits with a message box saying, “WARNING. SandBox/Debugger Detected!!!”

The key characteristic of the program is using multithreading for file encryption. Arete observed that multiple threads were created during the execution process, which delays malware analysis and hastens data encryption.

The program makes sure to remove system backups, shadow copies, and system logs.

Figure 12. Removing system backups, Shadowcopies, System logs.

As part of the initial encryption process, the ransomware creates and assigns a random ID to the victim’s machine. The ID is later stored in “c:\ProgramData\Services\ID.surt” and used in further file encryption.

Figure 13: Creating victim ransomware ID

The ransomware checks mounted drives from (A to Z) using Windows native API “GetDriveTypeW”. Once the ransomware enumerates all mounted drives and shares, it encrypts all files except the following:

File Extensions: “.exe”, “.DLL”, “.lnk”, “.surt”

File Names: “surt”, “NTUSER.DAT”, “WIN.INI”, “UsrClass.dat”, “Pagefile.sys”, “hiberfil.sys”, “DumpStack.log.tmp”, “Config.msi”, “boot”

Folders: “Windows”, “Microsoft”, “Windows.old”, “Windows kits”, “WindowsApps”, “Tor Browser”, “Google”, “Mozilla”, “DropBox”

The ransomware uses the “net use” command to connect the remote host device’s share “ADMIN$”. If the connection is successful, the share is added to the encryption list.

Figure 14. Enumerating network shares

The ransomware acquires a targeted file’s handle. Later, it generates a 64-bit random value using a Windows Native API “CryptGenRandom” as shown in Figure 15.

Figure 15. Generating 64-bit random value

The generated random value creates XOR keys, which are used to further encrypt the file contents. Upon encryption of the file, the ransomware encrypts the generated random value using asymmetric encryption and stores the encrypted key at the end of the file as shown in Figure 17.

Figure 16. File encryption loop

Figure 17. Dissecting encrypted file

Figure 17.1 “SURTR” – The attacker identifies if the file was encrypted by the Surtr ransomware using the keyword.

Figure 17.2 Asymmetric encrypted 64-bit random generated values.

Figure 17.3 Delimiter.

The ransomware achieves persistence by copying itself to the “StartUp” folder, creating scheduled tasks that execute the ransomware “ONLOGON” and adding a registry value in “Run” and “RunOnce” key to make the ransomware restart on a system reboot.

Figure 18. Achieving persistence

Arete found that the threat actor also updates the system manufacturer name to “Tribute to the REvil <3” by adding/modifying the “OEMInformation” registry value.

Figure 19. Adding “Tribute to REvil” registry entry

The registry changes mentioned above are shown below.  

Figure 20. Updating the system manufacturer

The ransomware further tries to hide by updating its file attributes, thus complicating forensic investigations to identify the same.  

Figure 21. Updating file attributes

Upon successful execution of the ransomware, Surtr changes the background of the victim’s machine as shown below and reboots the system.

Figure 22. Changes desktop background

Ransom note name: SURTR_README.hta, SURTR_README.txt.  

Figure 23. Ransomware note

Conclusion

A new ransomware on the scene, Surtr could be one to keep an eye on as it mentions REvil’s name in its operations. As more information unfolds, Arete could assess the future of Surtr ransomware. Arete has countermeasures coverage to detect Surtr payloads and artifacts via Arsenal Threat Management and Threat-ID.

Countermeasure

Yara Rule

rule Surtr_ransomware_executable

{
    meta:
        author = “agundmi@areteir.com”
        copyright = “Copyright © 2022 by Arete Advisors, LLC.”
        md5 = “565951acb3eb5fe91f3be723a2d633b9”
    strings:
        $id = {E8 [4-8] 99 F7 FF 42 83 FA ?? 7? ?? 83 FA ?? 7? ?? 8D 42 ?? 83 F8 ?? 7? ?? 
        88 96 [4-8] 46 83 FE 0E 7?}
        $str1 = “vssadmin.exe Delete” wide nocase
        $str2 = “Tribute to the REvil” nocase
        $str3 = “\\

{
    meta:
        author = “agundmi@areteir.com”
        copyright = “Copyright © 2022 by Arete Advisors, LLC.”
        md5 = “565951acb3eb5fe91f3be723a2d633b9”
    strings:
        $id = {E8 [4-8] 99 F7 FF 42 83 FA ?? 7? ?? 83 FA ?? 7? ?? 8D 42 ?? 83 F8 ?? 7? ?? 
        88 96 [4-8] 46 83 FE 0E 7?}
        $str1 = “vssadmin.exe Delete” wide nocase
        $str2 = “Tribute to the REvil” nocase
        $str3 = “\\

{
    meta:
        author = “agundmi@areteir.com”
        copyright = “Copyright © 2022 by Arete Advisors, LLC.”
        md5 = “565951acb3eb5fe91f3be723a2d633b9”
    strings:
        $id = {E8 [4-8] 99 F7 FF 42 83 FA ?? 7? ?? 83 FA ?? 7? ?? 8D 42 ?? 83 F8 ?? 7? ?? 
        88 96 [4-8] 46 83 FE 0E 7?}
        $str1 = “vssadmin.exe Delete” wide nocase
        $str2 = “Tribute to the REvil” nocase
        $str3 = “\\

IOCs:

  • MD5 Sample B7966CCA3C6FE9B9C64D772EC7DF804C      Packed

  • 460FDD0198A286067211BFCF47825B11                                  UPX Packed

  • FD16AC037269708C1AB135653483E891                                  Payload

URL 2i74xfkhsu4zd6qv5aiifv3wznj6vq3jo6mle3zxux6vpftyuezxhmad[.]onion


References:

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Red digital warning symbol glowing on a circuit board interface, representing active ransomware exploitation of the VMware ESXi CVE 2025 22225 vulnerability and hypervisor compromise.
Red digital warning symbol glowing on a circuit board interface, representing active ransomware exploitation of the VMware ESXi CVE 2025 22225 vulnerability and hypervisor compromise.

Article

Feb 20, 2026

Threat Actors Leveraging Gemini AI for All Attack Stages

State-backed threat actors are leveraging Google’s Gemini AI as a force multiplier to support all stages of the cyberattack lifecycle, from reconnaissance to post-compromise operations. According to the Google Threat Intelligence Group (GTIG), threat actors linked to the People’s Republic of China (PRC), Iran, North Korea, and other unattributed groups have misused Gemini to accelerate target profiling, synthesize open-source intelligence, identify official email addresses, map organizational structures, generate tailored phishing lures, translate content, conduct vulnerability testing, support coding tasks, and troubleshoot malware development. Cybercriminals are increasingly exploring AI-enabled tools and services to scale malicious activities, including social engineering campaigns such as ClickFix, demonstrating how generative AI is being integrated into both espionage and financially motivated threat operations. 

What’s Notable and Unique 

  • Threat actors are leveraging Gemini beyond basic reconnaissance, using it to generate polished, culturally nuanced phishing lures and sustain convincing multi-turn social engineering conversations that minimize traditional red flags.  

  • In addition, threat actors rely on Gemini for vulnerability research, malware debugging, code generation, command-and-control development, and technical troubleshooting, with PRC groups emphasizing automation and vulnerability analysis, Iranian actors focusing on social engineering and malware development, and North Korean actors prioritizing high-fidelity target profiling. 

  • Beyond direct operational support, adversaries have abused public generative AI platforms to host deceptive ClickFix instructions, tricking users into pasting malicious commands that deliver macOS variants of ATOMIC Stealer.  

  • AI is also being integrated directly into malware development workflows, as seen with CoinBait’s AI-assisted phishing kit capabilities and HonestCue’s use of the Gemini API to dynamically generate and execute in-memory C# payloads.  

  • Underground forums show strong demand for AI-powered offensive tools, with offerings like Xanthorox falsely marketed as custom AI but actually built on third-party commercial models integrated through open-source frameworks such as Crush, Hexstrike AI, LibreChat-AI, and Open WebUI, including Gemini. 

Analyst Comments 

The increasing misuse of generative AI platforms like Gemini highlights a rapidly evolving threat landscape in which state-backed and financially motivated actors leverage AI as a force multiplier for reconnaissance, phishing, malware development, and post-compromise operations. At the same time, large-scale model extraction attempts and API abuse demonstrate emerging risks to AI service integrity, intellectual property, and the broader AI-as-a-Service ecosystem. While these developments underscore the scalability and sophistication of AI-enabled threats, continued enforcement actions, strengthened safeguards, and proactive security testing by providers reflect ongoing efforts to mitigate abuse and adapt defenses in response to increasingly AI-driven adversaries. 

Sources 

  • GTIG AI Threat Tracker: Distillation, Experimentation, and (Continued) Integration of AI for Adversarial Use 

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Red digital warning symbol glowing on a circuit board interface, representing active ransomware exploitation of the VMware ESXi CVE 2025 22225 vulnerability and hypervisor compromise.
Red digital warning symbol glowing on a circuit board interface, representing active ransomware exploitation of the VMware ESXi CVE 2025 22225 vulnerability and hypervisor compromise.

Article

Feb 12, 2026

2025 VMware ESXi Vulnerability Exploited by Ransomware Groups

Ransomware groups are actively exploiting CVE‑2025‑22225, a VMware ESXi arbitrary write vulnerability that allows attackers to escape the VMX sandbox and gain kernel‑level access to the hypervisor. Although VMware (Broadcom) patched this flaw in March 2025, threat actors had already exploited it in the wild, and CISA recently confirmed that threat actors are exploiting CVE‑2025‑22225 in active campaigns.

What’s Notable and Unique

  • Chinese‑speaking threat actors abused this vulnerability at least a year before disclosure, via a compromised SonicWall VPN chain. 

  • Threat researchers have observed sophisticated exploit toolkits, possibly developed well before public disclosure, that chain this bug with others to achieve full VM escape. Evidence points to targeted activity, including exploitation via compromised VPN appliances and automated orchestrators.

  • Attackers with VMX level privileges can trigger a kernel write, break out of the sandbox, and compromise the ESXi host. Intrusions observed in December 2025 showed lateral movement, domain admin abuse, firewall rule manipulation, and staging of data for exfiltration. 

  • CISA has now added CVE-2025-22225 to its Known Exploited Vulnerabilities (KEV) catalog, underscoring ongoing use by ransomware attackers.

Analyst Comments

Compromise of ESXi hypervisors significantly amplifies operational impact, allowing access to and potential encryption of dozens of VMs simultaneously. Organizations running ESXi 7.x and 8.x remain at high risk if patches and mitigations have not been applied. Therefore, clients are recommended to apply VMware patches from VMSA‑2025‑0004 across all ESXi, Workstation, and Fusion deployments. Enterprises are advised to assess their setups in order to reduce risk, as protecting publicly accessible management interfaces is a fundamental security best practice.

Sources

  • CVE-2025-22225 in VMware ESXi now used in active ransomware attacks

  • The Great VM Escape: ESXi Exploitation in the Wild

  • VMSA-205-004: VMware ESXi, Workstation, and Fusion updates address multiple vulnerabilities (CVE-205-22224, CVE-2025-22225, CVE-2025-22226)

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Red digital warning symbol glowing on a circuit board interface, representing active ransomware exploitation of the VMware ESXi CVE 2025 22225 vulnerability and hypervisor compromise.
Red digital warning symbol glowing on a circuit board interface, representing active ransomware exploitation of the VMware ESXi CVE 2025 22225 vulnerability and hypervisor compromise.

Article

Feb 5, 2026

Ransomware Trends & Data Insights: January 2026

Although Akira was once again the most active ransomware group in January, the threat landscape was more evenly distributed than it was throughout most of 2025. In December 2025, the three most active threat groups accounted for 57% of all ransomware and extortion activity; in January, the top three accounted for just 34%. Akira’s dominance also decreased to levels more consistent with early 2025, as the group was responsible for almost a third of all attacks in December but just 17% in January. 

The number of unique ransomware and extortion groups observed in January increased slightly, to 17, up from 14 in December. It is too early to assess whether this trend will be the new normal for 2026. It is also worth noting that overall activity in January was lower than in previous months, consistent with what Arete typically observes at the beginning of a new year.

Figure 1. Activity from all threat groups in January 2026

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

  • In January, Arete observed the reemergence of the LockBit Ransomware-as-a-Service (RaaS) group, which deployed an updated “LockBit 5.0” variant of its ransomware. LockBit first announced the 5.0 version on the RAMP dark web forum in early September 2025, coinciding with the group’s six-year anniversary. The latest LockBit 5.0 variant has both Windows and Linux versions, with notable improvements, including anti-analysis features and unique 16-character extensions added to each encrypted file. However, it remains to be seen whether LockBit will return to consistent activity levels in 2026.

  • The ClickFix social engineering technique, which leverages fake error dialog boxes to deceive users into manually executing malicious PowerShell commands, continued to evolve in unique ways in January. One campaign reported in January involved fake Blue Screen of Death (BSOD) messages manipulating users into pasting attacker-controlled code. During the month, researchers also documented a separate campaign, dubbed “CrashFix,” that uses a malicious Chrome browser extension-based attack vector. It crashes the web browser, displays a message stating the browser had "stopped abnormally," and then prompts the victim to click a button that executes malicious commands.

  • Also in January, Fortinet confirmed that a new critical authentication vulnerability affecting its FortiGate devices is being actively exploited. The vulnerability, tracked as CVE-2026-24858, allows attackers with a FortiCloud account to log in to devices registered to other account owners due to an authentication bypass flaw in devices using FortiCloud single sign-on (SSO). This recent activity follows the exploitation of two other Fortinet SSO authentication flaws, CVE-2025-59718 and CVE-2025-59719, which were disclosed in December 2025.

Source

Arete Internal

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Red digital warning symbol glowing on a circuit board interface, representing active ransomware exploitation of the VMware ESXi CVE 2025 22225 vulnerability and hypervisor compromise.
Red digital warning symbol glowing on a circuit board interface, representing active ransomware exploitation of the VMware ESXi CVE 2025 22225 vulnerability and hypervisor compromise.

Article

Feb 2, 2026

New FortiCloud SSO Vulnerability Exploited

Fortinet recently confirmed that its FortiGate devices are affected by a new critical authentication vulnerability that is being actively exploited. The vulnerability, tracked as CVE-2026-24858, allows attackers with a FortiCloud account to log in to devices registered to other account owners due to an authentication bypass flaw in devices using FortiCloud single sign-on (SSO). CISA added the vulnerability to its Known Exploited Vulnerabilities catalogue and gave federal agencies just three days to patch, which requires users to upgrade all devices running FortiOS, FortiManager, FortiAnalyzer, FortiProxy, and FortiWeb to fixed versions. This recent activity follows the exploitation of two other SSO authentication flaws, CVE-2025-59718 and CVE-2025-59719, which were disclosed last month.

What’s Notable and Unique

  • There are strong indications that much of the recent exploitation activity was automated, with attackers moving from initial access to account creation within seconds.

  • As observed in December 2025, the attackers’ primary target appears to be firewall configuration files, which contain a trove of information that can be leveraged in future operations.

  • The threat actors in this campaign favor innocuous, IT-themed email and account names, with malicious login activity originating from cloud-init@mail[.]io and cloud-noc@mail[.]io, while account names such as ‘secadmin’, ‘itadmin’, ‘audit’, and others are created for persistence and subsequent activity.

Analyst Comments

This is an active campaign, and the investigation into these attacks is ongoing. Organizations relying on FortiGate devices should remain extremely vigilant, even after following patching guidance. With threat actors circumventing authentication, it’s crucial to monitor for and alert on anomalous behavior within your environment, such as the unauthorized creation of admin accounts, the creation or modification of access policies, logins outside normal working hours, and anything that deviates from your security baseline.

Sources

  • Administrative FortiCloud SSO authentication bypass

  • Multiple Fortinet Products’ FortiCloud SSO Login Authentication Bypass

  • Arctic Wolf Observes Malicious Configuration Changes On Fortinet FortiGate Devices via SSO Accounts

  • Arctic Wolf Observes Malicious SSO Logins on FortiGate Devices Following Disclosure of CVE-2025-59718 and CVE-2025-59719

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