Iranian ransomware group offers bigger payouts for attacks on Israel, US

An Iranian ransomware gang has ramped up operations amid heightened tensions in the Middle East, offering larger profit shares to affiliates who carry out cyberattacks against Israel and the U.S., researchers said.

The group, known as Pay2Key.I2P, is believed to be a successor to the original Pay2Key operation, which has been linked to Iran’s state-backed Fox Kitten hacking group. Fox Kitten has previously carried out cyber-espionage campaigns targeting Israeli and U.S. organizations.

According to a new report from cybersecurity firm Morphisec, Pay2Key.I2P has adopted a ransomware-as-a-service model and claims to have collected more than $4 million in payments over the past four months.

Read more at The Record