Seriously Risky Business Newsletter
November 02, 2023
When Good Cyber Security Leads to Violence
Presented by
![Tom Uren](/static/img/tom-uren.jpg)
Policy & Intelligence
Groups of young Lapsus$-style hackers are rapidly evolving their tradecraft and aggressively exploiting organisations in ways their victims don't expect.
A new Microsoft report describes the evolution of a group it calls Octo Tempest and charts its increasingly aggressive tactics and the rapid change in its targets. In early 2022, Octo Tempest focused on social engineering and targeting mobile providers to enable SIM-swapping crimes such as cryptocurrency theft, and selling the access gained to other criminals.
However, by early 2023, the group was targeting telecommunications, email and tech service providers, and collaborating with the ALPHV/BlackCat ransomware-as-a-service operation to extort organisations by threatening to leak stolen sensitive data.