New Phobos ransomware exploits weak security to hit targets around the world

A prolific cybercrime gang behind a series of ransomware attacks is distributing a new form of the file-encrypting malware that combines two well-known and successful variants in a series of attacks against businesses around the world.

Dubbed Phobos by its creators, the ransomware first emerged in December and researchers at CoveWare have detailed how it shares a number of similarities with Dharma ransomware

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