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Morphisec warns of Iran-backed ransomware campaign driven by political motives

  • Morphisec Inc. warns of the resurgence of Pay2Key ransomware operation linked to Iran's Fox Kitten APT group, now rebranded as Pay2Key.I2P, utilizing RaaS model and Mimic ransomware techniques.
  • Pay2Key.I2P has amassed $4 million from over 50 attacks within four months, with affiliates incentivized through an 80% profit share, particularly targeting adversaries of Iran for financial and ideological reasons.
  • The ransomware group employs advanced evasion techniques, including a multi-stage attack chain, with recent expansions to target Linux systems and incorporate obfuscation methods to evade detection.
  • While profit remains a motive, Morphisec emphasizes Pay2Key.I2P's ideological agenda, positioning the campaign as a tool of cyber warfare against Western targets aligned with Iran's geopolitical stance.

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