What is BlackCat Ransomware?
BlackCat Ransomware, also known as ALPHV, is a ransomware gang that first emerged in late 2021. The group operates under a RaaS model and utilizes a double extortion tactic. To gain initial access to a network, the hackers rely on stolen credentials obtained through access brokers. BlackCat has been linked to both DarkSide ransomware and BlackMatter ransomware suggesting that BlackCat is the successor or rebranding of both. BlackCat gained notoriety over the years by successfully extorting over 1,000 victims including Reddit, Moncler, Florida Int. University, Bandai Namco, and many more.
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$5 to $10 Million Reward for BlackCat Ransom Gang
December 19, 2023, the Justice Department disrupted BlackCat operations, seized multiple ALPHV/BlackCat sites, and released a decryption tool for victims to use freely. This tool enabled over 500 victims in restoring their computer systems, sparing them from ransom demands amounting to approximately $99 million.
As of February 15, 2024, the US Department of State is offering a $5 million reward for information on associates involved in BlackCat attacks that leads to their arrest or conviction. Furthermore, a $10 million reward is being offered for any leads on BlackCat leaders that result in their arrest or conviction. This reward announcement aligns seamlessly with the FBI’s announcement of collaboration with law enforcement groups in Germany, Denmark, Australia, Spain, and the UK. This reward is provided through the Department of State’s Transnational Organized Crime Rewards Program (TOCRP), aimed at bolstering global law enforcement endeavors to dismantle transnational crime and apprehend fugitives.
In more recent news, BlackCat was identified as the perpetrator behind an attack on Change Healthcare, a subsidiary technology unit of UnitedHealth on February 21, 2024.
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Latest Ransomware Related Blogs
Smoke testing is a term used to describe the testing process for servers after patches are applied. 
Estimating an average time for patching servers and PCs can be a bit tricky. It can vary from one month to the next, depending upon the number and complexity of the patches released by your software vendors. You must consider all versions of operating systems and have a complete inventory of all your application software to do this job correctly. Our experience has shown that manual patching of systems takes on average of about 1.5 hours each.
This is a basic cost calculator for you to compute your typical monthly cost for patching your servers, PCs, laptops, tablets and associated application software. It also forms the basis for you to begin calculating your Return on Investment for software patching, or for comparison with alternatives to the manual process of patching operating systems and application software—such as Patch Management as a Service, also known as Vulnerability Management as a Service.