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Space Bears Ransomware Mauls Another

Bogdan Pătru

By Bogdan Pătru . 16 June 2024

Tech Writer

Alex Popa

Fact-Checked this

Invasive Space Bears ransomware announced another victim recently. The victim is US-based InVogue Rejuvenation & Body Sculpting Center. According to the hackers’ OP, the stolen data is set for release in 7-8 days.

  • Space Bears first came to prominence very recently, in 2024, with their first 7-victim batch (we’ve already written an article on it at the time)
  • The hackers haven’t posted any additional information aside from the victim’s profile and the deadline for negotiations
  • Space Bears appears to rely on the double extortion strategy to coerce the victim into paying the ransom
  • The organization is very new, so not much is known about its structure, members, or standard MO

Space Bears doesn’t appear to necessarily excel in any particular aspect, but it’s too early to conclude one way or the other. What we do know for a fact is that the gang appears to be quite effective and intimidating.

Not many ransomware organizations begin their journey by marking 7 victims at once. Typically, most gangs lay low for a while to test the market and choose their targets carefully. This is done for logistical reasons, since newcomers don’t have many resources to play with.

This doesn’t appear to be a problem for Space Bears. At least at a first glance.

X showing the Space Bears attack on InVogue Rejuvenation & Body Sculpting Center

It’s important to note that Space Bears gave the victim 8 days to conclude negotiations and pay the ransom. If not, they will leak the stolen data publicly. This is quite telling because it says that the gang is confident in its malware.

InVogue hasn’t commented on the recent attack, but this was to be expected. Most victims refuse to comment publicly on data breaches, primarily due to legal reasons. And secondarily, to avoid giving the hackers too much publicity.

What Do We Know About Space Bears?

Aside from what transpired from their last attacks, not much. We know that the gang is very methodical and resourceful. While it may not seem like it, they do choose their targets carefully. Their first operation, which resulted in 7 victims, showed that.

But other than that, the organization is still largely unknown. There are a handful of theories to consider, but the likeliest one is also the most natural: the gang is connected to other ransomware organizations.

As experts explain, the cybercriminal sphere as a whole is a fluid and malleable mass. Different gangs exchange manpower, resources, tools, and tips and often dissolve into one another. The latter typically occurs when one gang gets targeted by the FBI.

When it comes to Space Bears, it’s too early to conclude one way or the other. But we’ll most likely find out more as the gang becomes more active on the market.

So, given that we don’t know much about the organization, what should you do if you’re targeted by Space Bears? The same you would if you were targeted by any other ransomware actor: give them the silent treatment.

Don’t negotiate, don’t pay the ransom, because this will incentivize them to continue their work, and boost your defenses. Easy and to the point.

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