Maze ransomware gang retires from cyber crime
The statement released by the group suggests cryptocurrency market shifts might be pricing the group out of operations
The Maze ransomware gang, behind some of the most notorious attacks of 2020, has announced that it’s shutting down its operations for good.
The notorious group, first discovered in May 2019, built a solid reputation in a short space of time to encrypt all the files it can on infected systems before demanding a ransom to return the documents.
Maze distinguished itself from several other groups in the way it threatened to release the information over the internet should the ransom not have been paid. It’s a method that has since inspired other groups, such as Ryuk, Mount Locker and REvil, to set up their own sites and threaten public disclosure in a similar way.
The gang would have issued a warning that they were planning to release details of a security breach, or distribute commercially valuable information, and use stolen data to attack clients and partners.
Maze has been highly active over the last year and a half, most recently using its devastating strain to cripple the systems of several large companies, including Canon in August, as well as a Xerox in July.
The group, meanwhile, targeted the systems of several major organisations in June, including VT San Antonio Aerospace and MaxLinear, in attacks that involved hackers stealing large volumes of data. Cognizant, too, fell victim to Maze in April, in an attack which led to the loss of up to $70 million for the IT services provider.
“The Project is closed,” the press release said, according to cyber security expert Graham Cluley. “Maze Team Project is announcing it is officially closed. All the links to out project, using of our brand, our work methods should be considered to be a scam.
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“We never had partners or official successors. Our specialists do not works with any other software. Nobody and never will be able to host new partners at our news website. The Maze cartel was never exists and is not existing now. It can be found only inside the heads of the journalists who wrote about it [sic].”
The group continued to warn about the way that cryptocurrency markets are changing, with the value of digital currencies rising “higher and higher”, to the extent all Bitcoin will be concentrated in the hands of a few. The suggestion is that these market shifts may affect how lucrative the Maze group’s cyber crime antics may be in the future.
In This Article
- 1The truth about ransomware
- 2What is ransomware?
- 3What are the different types of ransomware?
- 4The most popular ransomware strains targeting UK businesses
- 5Best ransomware removal tools
- 6How to keep your files safe from ransomware
- 7How can organisations protect themselves from NAS ransomware attacks?
- 8Ransomware gangs pretend to delete stolen data to extort victims twice, report warns
- 9Maze ransomware gang retires from cyber crime - currently reading
- 10Ryuk behind a third of all ransomware attacks in 2020
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