From Babuk Source Code to Darkside Custom Listings — Exposing a Thriving Ransomware Marketplace on the Dark Web

SALT LAKE CITY, Aug. 2, 2022— Venafi, the inventor and leading provider of machine identity management, today announced the findings of a Dark Web investigation into ransomware spread via malicious macros. Conducted in partnership with criminal intelligence provider Forensic Pathways between November 2021 and March 2022, the research analyzed 35 million Dark Web URLs, including marketplaces and forums, using the Forensic Pathways Dark Search Engine. The findings uncovered 475 web pages of sophisticated ransomware products and services, with several high-profile groups aggressively marketing ransomware-as-a-service.

  • 87% of the ransomware found on the dark web has been delivered via malicious macros to infect targeted systems.
  • 30 different “brands” of ransomware were identified within marketplace listings and forum discussions.
  • Many strains of ransomware being sold — such as Babuk, GoldenEye, Darkside/BlackCat, Egregor, HiddenTear and WannaCry — have been successfully used in high-profile attacks.
  • Ransomware strains used in high-profile attacks command a higher price for associated services. For example, the most expensive listing was $1,262 for a customized version of Darkside ransomware, which was used in the infamous Colonial Pipeline ransomware attack of 2021.
  • Source code listings for well-known ransomware generally command higher price points; Babuk source code is listed for $950 and Paradise source code is selling for $593.

“Ransomware continues to be one of biggest cybersecurity risks in every organization,” said Kevin Bocek, vice president of security strategy and threat intelligence for Venafi. “The ransomware attack on Colonial Pipeline was so severe that it was deemed a national security threat, forcing President Biden to declare a state of emergency.”

Macros are used to automate common tasks in Microsoft Office, helping people to be more productive. However, attackers can use this same functionality to deliver many kinds of malware, including ransomware. In February, Microsoft announced a major change to combat the rapid growth of ransomware attacks delivered via malicious macros, but it temporarily reversed that decision in response to community feedback.

“Given that almost anyone can launch a ransomware attack using a malicious macro, Microsoft’s indecision around disabling of macros should scare everyone,” said Bocek. “While the company has switched course a second time on disabling macros, the fact that there was backlash from the user community suggests that macros could persist as a ripe attack vector.”

In addition to a variety of ransomware at various price points, the research also uncovered a wide range of services and tools that help make it easier for attackers with minimal technical skills to launch ransomware attacks. Services with the greatest number of listings include those offering source code, build services, custom development services, and ransomware packages that include step-by-step tutorials.

Generic ransomware build services also command high prices, with some listings costing more than $900. At the other end of the price spectrum, many low-cost ransomware options are available across multiple listings — with prices starting at just 99 cents for Lockscreen ransomware.

These findings are another example of the need for a machine identity management control plane
to drive specific business outcomes, including observability, consistency, and reliability. In particular, code-signing is a key machine-identity management security control that eliminates the threat of macro-enabled ransomware.

“Using code-signing certificates to authenticate macros means that any unsigned macros cannot execute, stopping ransomware attacks in its tracks,” Bocek concludes. “This is an opportunity for security teams to step up and protect their businesses, especially in banking, insurance, health care, and energy, where macros and Office documents are used every day to power decision making.”

About the research

This research was carried out between November 2021-March 2022 by Venafi in partnership with Forensic Pathways, which has developed Dark Search Engine (DSE), an automated crawler/scraper of the Tor.Onion Dark Web. The intelligence tool contains more than 35 million URLs in the index.

Publicly available information, such as PC Risk, was used to determine if malicious macros were used in the initial attack vector.

For more information read the blog.

About Venafi

Venafi is the cybersecurity market leader in machine identity management. From the ground to the cloud, Venafi solutions manage and protect identities for all types of machines — from physical and IoT devices to software applications, APIs, and containers. Venafi provides global visibility, life cycle automation, and actionable intelligence for all machine identity types and the security and reliability risks associated with them.

Jetstack, a Venafi company, is a cloud native products and strategic consulting company working with enterprises using Kubernetes and OpenShift. An open source pioneer, Jetstack has achieved notable industry recognition as the creator of cert-manager, the open source industry standard for cloud native machine identity management.

Jetstack’s open source products and solutions protect the application environments and platform infrastructure of global banks, multinational retailing companies, and defense organizations by providing enterprise platform and security teams the power to build, scale, and secure their cloud infrastructure.

With more than 30 patents, Venafi delivers innovative machine identity-management solutions for the world’s most demanding, security-conscious organizations and government agencies, including the top five U.S. health insurers; the top five U.S. airlines; the top four credit card issuers; three out of the four top accounting and consulting firms; four of the five top U.S. retailers; and the top four banks in each of the following countries: the US, the UK, Australia, and South Africa.

About Forensic Pathways

Incorporated in 2001, Forensic Pathways provides innovative technologies within the criminal-intelligence arena.

Focused primarily on the provision of digital forensic technologies, Forensic Pathways offers its international clients unique technologies in the management of mobile phone data, image analysis, and ballistics analysis.

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