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FunkSec Ransomware Group Targets Over 85 Victims

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🦠 Emergence of FunkSec: A New AI-Driven Ransomware Threat. Cybersecurity researchers have identified FunkSec, a nascent ransomware group that has targeted over 85 victims since its inception in late 2024. Utilizing double extortion tactics, FunkSec combines data theft with encryption, demanding ransoms as low as $10,000 while also selling stolen data at reduced prices. The group operates a data leak site to centralize its activities and has been linked to hacktivist movements, particularly in the U.S. and India. FunkSec’s tools, including its latest ransomware version written in Rust, are believed to be AI-assisted, reflecting a troubling convergence of cybercrime and hacktivism. Despite its rapid growth, the effectiveness of FunkSec’s operations remains uncertain.

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