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Diabolical Ransomware Gang Calls it Quits

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Just as in the Marvel Universe, a ransomware group that goes by the name “Ragnarok” caused catastrophic harm and ended in a snap.

Ragnarok, a hacking gang that’s locked victims out of their computers and extorted them since 2019, suddenly appears to have called it quits. The group shared a free tool Thursday that will help previous victims unlock their files and gain access to their computers again, according to security researchers.

It’s not clear why Ragnarok is abandoning its pilfering ways. But the apparent decision to self-destruct is a move that other ransomware gangs have been adopting as well. Ragnarok is the fifth ransomware operator that’s appeared to backtrack on its previous grift following increased international attention to ransomware hacking. Ziggy ransomware hackers, as well as Avaddon, SynAck, and Fonix hacking groups have all also retreated from their ransomware hacking this year, each giving up their keys and neutralizing their attacks.

The uptick in hackers backing down in recent months is somewhat unorthodox, according to Brett Callow, an analyst at Emsisoft, which helps ransomware victims recover from ransomware attacks.

“While it’s not unprecedented for gangs to do this,........

© The Daily Beast

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