Beazley Security Labs

Articles

An INC Ransomware Affiliate’s BYOVD Buffet

Beazley Security DFIR and MXDR teams recently responded to an INC ransomware case where a multitude of BYOVD packages were deployed to disable EDR and a backdoor was smuggled in a modified EDR software library file. This article details those observed methods and discusses the gradual evolution of capability of ransomware operators.

Sep 23 - 12 Min Read

CMD Organization – New Ransomware Operator Moves to Place Public Bidding Wars on Ransomed Data

In April, Beazley Security’s incident response team was called in after a newly surfaced affiliate calling themselves CMD Organization deployed ransomware and exfiltrated data from a victim organization. By way of adding a bidding platform within its leak site, the group allows potential buyers to participate directly in the extortion process. In this post, we document what our responders uncovered about CMD Organization and explore their leaksite.

May 14 - 12 Min Read

Vect 2.0: An Insider Perspective On The New Ransomware Variant

An insider look at Vect 2.0, a rapidly emerging ransomware-as-a-service operation that has gone from forum post to full-fledged platform in a matter of months. We walk through the affiliate panel, commission structure, and the technical capabilities of its Windows and ESXi lockers.

Apr 24 - 18 Min Read

Pay2Key Iranian-Linked Ransomware is Back, Back Again

In late February, Beazley Security's Incident Response team responded to a ransomware intrusion at a U.S. healthcare organization attributed to Pay2key, an Iranian government-linked threat actor that has operated since 2020. Upon investigation, the attacker had maintained access to a compromised admin account for several days before deploying ransomware and encrypting the environment within three hours.

Mar 24 - 25 Min Read

Chasing a Ghost : PXA Stealer Part 2

A follow-up to a previous article on LoneNone and his PXA Stealer malware where we detail some rare insights into the malware author's back-end operations and the evolution of their capabilities.

Oct 30 - 17 Min Read

Advisories

Critical SQL Injection in Ivanti Endpoint Manager (CVE-2026-121653)

Ivanti fixed a critical SQL injection in the Endpoint Manager Core that allows unauthenticated remote code execution.

Nov 11, 2026 - 2 Min Read

Critical Vulnerabilities in SAP NetWeaver, Web Dispatcher and Gateway (CVE-2026-76964, CVE-2026-89126, CVE-2026-89103, CVE-2026-120017)

SAP has published 4 critical CVSS 10 vulnerabilities in three popular products that could grant unauthenticated attackers remote code execution on affected hosts.

Nov 11, 2026 - 4 Min Read