The Federal Bureau of Investigation (FBI) and the Cybersecurity and Infrastructure Agency (CISA) released a joint advisory on the Snatch gang’s ransomware operations (PDF).
“Like many ransomware actors over the last few years, Snatch operates on a so-called double-extortion basis, both encrypting data and stealing it — demanding that a ransom be paid not only for a decryption key but also a promise that the stolen data will not be published on Snatch’s dark web site,” Silicon Angle reported.
“Recent victims of Snatch ransomware attacks, as listed on their dark web site (pictured adjacent), include the Florida Department of Veteran’s Affairs, Zilli, CEFCO Inc., the South African Department of Defense and the Briars Group Ltd.”
Takeaway: Snatch is a RaaS first emerged way back in 2018 but did not become significantly active until 2021. Snatch is one of the more traditional RaaS platforms, where most of the targeting and attack sequence structure is left to the individual affiliates, including whether to exfiltrate data for double extortion.
Snatch can evade security tools and deletes Volume Shadow Copies to prevent rollbacks and any local Windows backups to thwart recovery. There has also been a Linux version observed.
Snatch attack volume has been modest compared to leading ransomware operators but is on pace to increase about 50% in 2023 compared to 2022 levels. Snatch ransom demands are relatively low compared to leading ransomware operators, ranging from several thousand to tens of thousands of dollars.
Snatch is written in Go and is somewhat unique in that the ransomware reboots in safe mode to make sure the security tools are not running. Snatch abuses legitimate tools like Process Hacker, Uninstaller, IObit, BCDEDIT, PowerTool, and PsExec. Snatch deletes Volume Shadow Copies to prevent encryption rollbacks.
Halcyon.ai is the industry’s first dedicated, adaptive security platform that combines multiple advanced proprietary prevention engines along with AI models focused specifically on stopping ransomware – talk to a Halcyon expert today to find out more. Halcyon also publishes a quarterly RaaS and extortion group reference guide, Power Rankings: Ransomware Malicious Quartile (PDF).