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FBI and CISA issue Cyber Alert against Snatch Ransomware

The FBI and CISA have issued a warning about the Snatch ransomware-as-a-service gang, highlighting its activity since 2018. Snatch has targeted various sectors, including software, U.S. defense, food, and agriculture. The gang has executed high-profile attacks on entities such as South Africa’s Department of Defense and London’s Briars Group. What sets Snatch apart is its practice of double extortion, where they not only encrypt victim data but also acquire stolen data from other ransomware gangs and threaten to expose it if their ransom demands are not met. Snatch is known for its technical prowess, using clever tactics to hinder detection by anti-malware solutions. Recently, Snatch has shown an interest in targeting non-American companies operating within the United States, with a focus on entities from the Asian continent. This shift highlights the evolving nature of cyber threats.

Key points:
1. The FBI and CISA have issued a warning about the Snatch ransomware-as-a-service gang.
2. Snatch has targeted various sectors, including software, U.S. defense, food, and agriculture.
3. The gang has executed high-profile attacks on entities such as South Africa’s Department of Defense and London’s Briars Group.
4. Snatch practices double extortion by encrypting victim data and acquiring stolen data from other ransomware gangs.
5. Snatch uses clever tactics to hinder detection by anti-malware solutions and has recently focused on targeting non-American companies in the United States, particularly from the Asian continent.

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