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.