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The Nexus
SECURITYJun 30 · 09:00 UTCCYBERSCOOPGreg Otto

How ransomware syndicates weaponize corporate-style organization

The Black Basta ransomware group operated with a corporate-style structure, using organized teams, outsourcing tasks, and performance-based payments to extort victims. They targeted 520 victims across 39 industries, collecting $107 million in bitcoin, and employed tactics like phishing, malware, DDoS attacks, and data audits to maximize ransom demands.

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