What is Space Bears? Space Bear is a relatively new ransomware group that first appeared on the radar in April 2024. The gang, which is aligned to the Phobos ransomware-as-a-service group, steals sensitive data from organisations, encrypts victims’ computer systems, and demands that a ransom be paid for a decryption key or the data will be published on the dark web. So far, so normal. What makes Space Bears noteworthy? Space Bears has gained a certain amount of notoriety by the way in which it presents itself. Unlike other ransomware gangs, Space Bears presents a very “corporate” image of…
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Space Bears Ransomware: What You Need To Know
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