MarineMax Hit by Rhysida Ransomware Operation

MarineMax has allegedly been compromised by the Rhysida ransomware operation in an attack that resulted in data exfiltration and disrupted its operations. More than $774 million worth of bitcoin has been demanded by Rhysida for the alleged stolen data, which includes the company's customer databases, earnings reports, bank account transfers, balance sheets, and other financial records. MarineMax is a US-based boat dealer with over 60 locations selling new, used, and brokered boats. It features Sea Ray, Azimut, Boston Whaler, Harris Pontoons, and more.

Rhysida Ransomware Overview

Rhysida is a RaaS (Ransomware as a Service) that was first observed in May of 2023 and has become one of the more prevalent threats in the latter half of 2023. Rhysida engages in data exfiltration for double extortion and maintains both a leaks site and a victim support portal on TOR. They are thought to be responsible for attacks against the Chilean military and more recently against Prospect Medical Holdings which impacted services at hundreds of clinics and hospitals across the US.

FBI and CISA Advisory

In Q4-2023, the FBI and CISA released a joint advisory on Rhysida operations. Rhysida has been steadily increasing its attack volume and continuing to expand the targeted industries, but volume is modest compared to leaders. Rhysida deploys its ransomware through various methods, including Cobalt Strike or similar frameworks, as well as phishing campaigns. Analysis of Rhysida ransomware samples suggests that the group is still in the early stages of development. The ransomware lacks certain standard features in contemporary ransomware, such as VSS removal. However, the group follows the practices of modern multi-extortion groups by threatening to distribute the stolen data publicly.

Attack Methodology

Upon execution, Rhysida displays a cmd.exe window and scans all files on local drives. Victims are instructed to contact the attackers using the TOR-based portal and their unique identifier provided in the ransom notes. The group only accepts payment in Bitcoin (BTC) and provides victims with instructions on purchasing and using BTC through the victim portal. Victims are also given an additional form on the payment portal to provide authentication and contact details to the attackers. The Rhysida ransom notes are written as PDF documents and placed in the affected folders on the targeted drives.