Frag is a financially motivated ransomware group that emerged in November 2024, operating with a closed operational model and conducting all attacks in-house. They utilize a modular ransomware payload and primarily target organizations through specific vulnerabilities, particularly in Veeam Backup & Replication software. Frag's tactics include swift disruption of victim recovery processes and threats of data exposure to coerce ransom payments.
Key insights
•Targets primarily include organizations with vulnerabilities in Veeam Backup & Replication software.
•Employs modular ransomware payloads customized for each attack to enhance stealth.
•Leverages tactics from past ransomware groups like Hive and LockBit with novel evasion techniques.
•Does not use countdown timers on their data leak site, setting them apart from other ransomware groups.
•Initial access often gained through spear-phishing, exploitation of vulnerabilities, and stolen credentials.
•Demands for ransom typically start in the low six-figure range, escalating to millions.
•Uses Living Off The Land binaries for operations to avoid detection.