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Ransomware Gangs Foiled by Rookie Mistakes: Six Companies Saved from Hefty Ransom Payments
Rookie security flaws in ransomware gangs’ own web infrastructure saved six companies from hefty ransom payouts. Security researcher Vangelis Stykas exploited coding errors to access decryption keys and alert potential victims, revealing that even cybercriminals can fall victim to basic security oversights.
Hot Take:
Ransomware gangs, meet your kryptonite: rookie coding errors! Turns out, even the bad guys need to hire better developers. Who knew that the weakest link in a cybercrime empire could be a default password?
Key Points:
- Vangelis Stykas exposed critical vulnerabilities in ransomware gangs’ web infrastructure, saving six companies from paying ransoms.
- Two companies received decryption keys, and four crypto companies were warned before encryption began.
- Stykas found simple security flaws in the dashboards of at least three ransomware gangs.
- These vulnerabilities revealed internal operations and real-world server locations.
- The FBI advises against paying ransoms, but this research offers a new strategy to fight back.
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