AI-Driven FunkSec Ransomware Targets 85 Victims Using Double Extortion Tactics, Demands Ransoms as Low as $10,000

FunkSec, a newly identified ransomware group, has targeted over 85 victims using advanced double extortion tactics. The group is reportedly leveraging artificial intelligence to enhance the effectiveness of its attacks, which have involved ransom demands as low as $10,000. A recent survey by Kaseya, an IT management specialist, revealed that 67% of managed service providers (MSPs) experienced an attack from an AI-driven threat in the past year, underscoring the growing prevalence of such cybersecurity challenges. The emergence of FunkSec illustrates the evolving landscape of ransomware threats and the increasing sophistication of cybercriminals.