Royal Ransomware Targets Organizations with Custom Encryption and Double Extortion Tactics

Since September 2022, threat actors have been attacking both US and international organizations using a version of ransomware called Royal. This ransomware is unique because it employs a custom-made file encryption program and uses double extortion tactics. This involves threatening to release encrypted data publicly if the victim does not pay a ransom, which ranges from $1 million to $11 million USD in Bitcoin.