Article
Universal Encryption
Arete Analysis

Ransomware variants like Ryuk, WastedLocker, and Dopplepaymer are also file level encryption. These groups will gain access to the network and perform reconnaissance to identify the victim, understand their business, identify critical systems, and delete backups to force their victims into making a payment.
The groups can have access to the network for a few hours or upwards of over a month. Ryuk is commonly associated with precursor trojans such as Trickbot and Emotet. Arete has observed Ryuk deployed as quickly as 6 hours after a Trickbot infection. Ryuk infections result with *.ryk appended to the file name.
Comparatively, the deployment of WastedLocker is much more calculated with the TA staying on the network for an average of 2 weeks from initial infection to ransomware deployment. Wasted infections result with *.abcwasted appended to the file name where “abc” is a 3 letter abbreviation relating directly to the victims name.

WastedLocker Decryptor
Communication preference: Email usually protonmail.com domains or TOR Website
Average ransom payment: Ryuk $598,000; WastedLocker $2,400,000; Dopplepaymer $304,000
Preferred currency: Bitcoin (BTC)
Decryptor received: 100% of the time. The decryptor received is universal. It is typically a 32-bit executable that will work on any windows OS version. While these groups are known for a high ransom price, their decryptor is probably the simplest to run.
Watch out: WastedLocker is extremely difficult to negotiate. In fact, if negotiation is attempted, they may threaten to increase the ransom by approximately 5% of the ransom per day until it is paid. They are also very slow to respond to email and even post their business hours of UTC 5am-8am and 5pm-8pm.
Notes: Dopplepaymer has been linked to gaining access to large environments and deploying cryptomining malware before launching their ransomware attack.
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This recent campaign also highlights how trusted web properties can be weaponized at scale and coupled with unpatched CMS vulnerabilities. Rather than using the CMS compromise to perpetrate a single attack, threat actors turned it into a supply-chain attack that ultimately affected over 700 trusted websites.
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As network defenders and their tools enhance threat detection capabilities, adversaries increasingly seek methods to bypass these defenses. By combining vulnerability exploitation, social engineering techniques, and staging for ancillary attacks, this campaign successfully bypassed traditional defenses and inflicted significant impact. Defending against hybrid cyberattacks requires comprehensive security controls beyond simply patching vulnerabilities. Organizations should focus on limiting movement within the environment, detecting abuse of trusted applications, and preventing end-user manipulation.
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In a recent campaign, researchers observed threat actors using fake JPEG image files as a delivery mechanism to initiate the deployment of additional malicious components. The false JPEG files are typically distributed via phishing emails or other social engineering-based lures, and are actually PowerShell-based malware that deploys a trojanized version of ConnectWise ScreenConnect to establish and maintain persistence in the compromised environment.
What’s Notable and Unique
This campaign leverages JPEG images as the initial lure, where the images are not merely decoys but part of the infection workflow. Victims are typically led to download or open an image that triggers hidden execution logic or redirects them to a payload-delivery sequence that initiates later stages of the intrusion chain.
The attack chain is designed to blend into legitimate environments, making detection more difficult. Execution typically relies on scripted or native Windows components, often including PowerShell or other living-off-the-land binaries, enabling fileless or near-fileless execution and reducing forensic artifacts on disk.
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Analyst Comments
This campaign illustrates how threat actors continue to blur the line between legitimate file handling and malicious execution chains, indicating potential overlap with remote management or administrative tooling. The use of JPEG-based staging combined with script-based execution reflects a broader evolution toward a stealth-first intrusion design, in which file formats serve as triggers rather than payload containers.
Sources
OPERATION SILENTCANVAS : JPEG BASED MULTISTAGE POWERSHELL INTRUSION
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