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Showing posts with label APAC Cybercrime. Show all posts

Growing VPN Exploits Trigger Fresh Ransomware Crisis in APAC


 

Despite the growing cyber risk landscape in Asia-Pacific, ransomware operations continue to tighten their grip on India and the broader region, as threat actors more often seek to exploit network vulnerabilities and target critical sectors in order to get a foothold in the region. 

It is essential to note that Cyble's Monthly Threat Landscape Report for July 2025 highlights a concerning trend: cybercriminals are no longer merely encrypting systems for ransom; they are systematically extracting sensitive information, selling network access, and exposing victims to the public in underground marketplaces. 

In recent weeks, India has been a focal point of this escalation, with a string of damaging breaches taking place across a number of key industries. Recently, the Warlock ransomware group released sensitive information concerning a domestic manufacturing company. This information included employee records, financial reports, and internal HR files. Parallel to this, two Indian companies – a technology consulting firm and a SaaS provider – have been found posting stolen data on dark web forums that revealed information on customers, payment credentials, and server usage logs. 

Further compounding the threat, the report claims that credentials granting administrative control over an Indian telecommunications provider’s infrastructure were being sold for an estimated US$35,000 as a way of monetizing network intrusions, highlighting the increasing monetization of network hacking. 

Throughout the region, Thailand, Japan, and Singapore are the most targeted nations for ransomware, followed by India and the Philippines, with manufacturing, government, and critical infrastructure proving to be the most targeted sectors. As the region's digital volatility continues, the pro-India hacktivist group Team Pelican Hackers has been claiming responsibility for hacking multiple Pakistani institutions and leaking sensitive academic data and administrative data related to research projects, which demonstrates that cyber-crime is going beyond financial motives in order to serve as a form of geopolitical signaling in the region. 

Security experts across the region are warning about renewed exploitation of SonicWall devices by threat actors linked to the Akira ransomware group among a growing number of ransomware incidents that have swept across the region. Since the resurgence of Akira's activity occurred in late July 2025, there has been a noticeable increase in intrusions leveraging SonicWall appliances as entry points. Rapid7 researchers have documented this increase.

An attacker, according to the firm, is exploiting a critical vulnerability that dates back a year—identified as CVE-2024-40766 with a CVSS score of 9.3—that is linked to a vulnerability in the SSL VPN configuration on the device. It is clear that this issue, which led to local user passwords persisting rather than being reset after migration, has provided cybercriminals with a convenient way to compromise network defenses. 

It was SonicWall who acknowledged the targeted activity, and confirmed that malicious actors were attempting to gain unauthorized access to the network using brute force. According to the company, administrators should activate Botnet Filtering for the purpose of blocking known malicious IP addresses as well as enforce strict Account Lockout policies to take immediate measures. As ransomware campaigns that exploit VPN vulnerabilities continue to increase, proactive security hygiene is becoming increasingly important. 

The increasing cybercrime challenges in the Asia-Pacific region are being exacerbated by recent findings from Barracuda's SOC Threat Radar Report, which indicate a significant increase in attacks exploiting vulnerabilities in VPN infrastructures and Microsoft 365 accounts. Throughout the study, threat actors are becoming increasingly stealthy and adopting Python-based scripts to avoid detection and maintain persistence within targeted networks in order to evade detection. 

It has been determined that the Akira ransomware syndicate has increased its operations significantly, compromising outdated or unpatched systems rapidly, leading to significant losses for the syndicate. A number of intrusions have been traced back to exploitation of a known flaw in SonicWall VPN appliances — CVE-2024-40766 — that allows attackers to manipulate legacy credentials that haven’t been reset after migration as a result of this flaw. 

A month ago, there was a patch released which addressed the issue. However, many organizations across the APAC region have yet to implement corrective measures, leaving them vulnerable to renewed exploitation in the coming months. In multiple instances, Akira operators have been observed intercepting one-time passwords and generating valid session tokens using previously stolen credentials, effectively bypassing multi-factor authentication protocols, even on patched networks. 

In order to achieve such a level of sophistication, the group often deploys legitimate remote monitoring and management tools in order to disable security software, wipe backups, and obstruct remediation attempts, allowing the group to effectively infiltrate systems without being detected. There has been a sustained outbreak of such attacks in Australia and other Asian countries, which indicates how lapses in patch management, the use of legacy accounts, and the unrotation of high-privilege credentials continue to amplify risk exposure, according to security researchers. 

There is no doubt that a prompt application of patches, a rigorous password reset, and a strict credential management regime are crucial defenses against ransomware threats as they evolve. There is no doubt that manufacturing is one of the most frequently targeted industries in the Asia-Pacific region, as more than 40 percent of all reported cyber incidents have been related to manufacturing industries. 

Several researchers attribute this sustained attention to the sector's intricate supply chains, its dependence on outdated technologies, and the high value of proprietary data and intellectual property that resides within operational networks, which makes it a target for cybercriminals. It has been common for attackers to exploit weak server configurations, steal credentials, and deploy ransomware to disrupt production and gain financial gain by exploiting weak server configurations. 

Approximately 16 percent of observed attacks occurred in the financial sector and insurance industry, with adversaries infiltrating high-value systems through sophisticated phishing campaigns and malware. The purpose of these intrusions was not only to steal sensitive information, such as customer and payment information, but also to maintain persistent access for prolonged reconnaissance. 

Among the targeted entities, the transportation industry, which accounts for around 11 percent of all companies targeted, suffered from an increase in attacks intended to disrupt logistics and operational continuity as a consequence of its reliance on remote connectivity and third-party digital infrastructure as a consequence of its heavy reliance on remote connectivity. 

In the wider APAC context, cybercriminals are increasingly pursuing both operational and financial goals in these attacks, aiming to disrupt as well as monetize. It is still very common for threats actors to steal trade secrets, customer records, and confidential enterprise information, making data theft one of the most common outcomes of these attacks. 

Despite the fact that credential harvesting is often facilitated by malware that steals information from compromised systems, this method of extorting continues to enable subsequent breaches and lateral movements within compromised systems. Furthermore, the extortion-based operation has evolved, with many adversaries now turning to non-encrypting extortion schemes for coercing victims, rather than using ransomware encryption to coerce victims, emphasizing the change in cyber threats within the region. 

Several experts have stressed that there is no substitute for a multilayered and intelligence-driven approach to security in the Asia-Pacific region that goes beyond conventional security frameworks in order to defend against the increasing tide of ransomware. Static defenses are not sufficient in an era in which threat actors have evolved their tactics in a speed and precision that is unprecedented in history. 

A defence posture that is based on intelligence must be adopted by organizations, continuously monitoring the tactics, techniques, and procedures used by ransomware operators and initial access brokers in order to identify potential intrusions before they arise. As modern "sprinter" ransomware campaigns have been exploiting vulnerabilities within hours of public disclosure, agile patch management is a critical part of this approach.

There is no doubt that timely identification of vulnerable systems and remediation of those vulnerabilities, as well as close collaboration with third party vendors and suppliers to ensure consistency in patching, are critical components of an effective cyber hygiene program. It is equally important to take human factors into consideration. 

The most common attack vector that continues to be exploited is social engineering. Therefore, it is important to conduct continuous awareness training tailored to employees who are in sensitive or high-privilege roles, such as IT and helpdesk workers, to reduce the potential for compromise. Furthermore, security leaders advise organizations to adopt a breach-ready mindset, which means accepting the possibility of a breach of even the most advanced defenses.

If an attack occurs, containing damage and ensuring continuity of operations can be achieved through the use of network segmentation, immutable data backups, and a rigorously tested incident response plan to strengthen resilience. Using actionable intelligence combined with proactive risk management, as well as developing a culture of security awareness, APAC enterprises can be better prepared to cope with the relentless wave of ransomware threats that continue to shape the digital threat landscape and recover from them. 

A defining moment in the Asia-Pacific cybersecurity landscape is the current refinement of ransomware groups' tactics as they continue to exploit every weakness in enterprise defenses. Those recent incidents of cyber-attacks using VPNs and data exfiltration incidents should serve as a reminder that cyber resilience is no longer just an ambition; it is a business imperative as well. Organizations are being encouraged to shift away from reactive patching and adopt a culture that emphasizes visibility, adaptability, and intelligence sharing as the keys to continuous security maturity. 

Collaboration between government, the private sector, and the cybersecurity community can make a significant contribution to the development of early warning systems and collective response abilities. A number of measures can help organizations detect threats more efficiently, enforce zero-trust architectures, and conduct regular penetration tests, which will help them identify any vulnerabilities before adversaries take advantage of them. 

Increasingly, digital transformation is accelerating across industries, which makes the importance of integrating security by design—from supply chains to cloud environments—more pressing than ever before. Cybersecurity can be treated by APAC organizations as an enabler rather than as a compliance exercise, which is important since such enterprises are able to not only mitigate risks, but also build digital trust and operational resilience during an age in which ransomware threats are persistent and sophisticated.