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BlackCat Ransomware Group Suspected of Rebranding to ’Embargo’ – TRM Labs Sounds Alarm
BlackCat Ransomware Group Suspected of Rebranding to ’Embargo’ – TRM Labs Sounds Alarm
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BlackCat, one of the most notorious ransomware gangs, might be attempting a fresh start under a new alias. Blockchain intelligence firm TRM Labs reports signs of the group rebranding to 'Embargo'—a move that could signal evolving tactics or an effort to shake off law enforcement heat.
Why this matters: Ransomware rebrands often precede renewed attacks with updated methods. If confirmed, Embargo could unleash a wave of high-profile breaches—just as BlackCat did with its $50M+ extortion schemes.
Meanwhile, corporate cybersecurity teams groan at the prospect of updating their threat matrices... again. Because nothing says 'progress' like paying ransomware gangs in Bitcoin while filing insurance claims.
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