The existence of Black Basta came to light in mid-April, but MalwareHunterTeam researchers spotted a sample apparently compiled in February.
The cybercriminals behind Black Basta use malware to encrypt files on compromised systems, appending the .basta extension to encrypted files. In addition, like many other ransomware groups, they steal large amounts of information from victims in an effort to increase their chances of getting paid.
Cybersecurity firm Minerva has conducted a technical analysis of the Black Basta ransomware and noted that the malware requires administrator privileges to work. The company’s researchers discovered that the malware hijacks the Windows Fax service for persistence on the infected systems.