News, Trends, and Insights for IT & Managed Services Providers
News, Trends, and Insights for IT & Managed Services Providers
Business of Tech | Ransomware Gangs' Ego Battles and Stolen Password Tactics: Unveiling the Chaos Behind Cyber Threats

So, let’s talk about the threat actors on the other side.

From Axios, according to experts, ransomware attackers are often ego-driven and willing to scam each other. They are not the organized criminal masterminds that organizations may perceive them to be. Recent incidents, such as the self-implosion of the ransomware gang behind the attack on Change Healthcare, highlight the infighting and lack of trust among cybercriminals. Entry-level hackers have become more valuable in the ransomware-as-a-service model, leading to constant in-fighting between operators and freelance hackers. Victims should be aware that paying the ransom does not always guarantee the deletion of stolen data, and there may be a need for a shift in mindset to stop paying and encourage cybercriminals to change their tactics.

Hackers increasingly rely on stolen passwords and legitimate user accounts to infiltrate companies, making it harder to detect their activities. Reports from CrowdStrike and IBM highlight the growing trend of hackers using passwords obtained from data breaches. Using stolen passwords and account sessions has been the root cause of high-profile attacks, emphasizing the need for stronger security measures such as multifactor authentication and implementing a zero-trust security framework.

Why do we care?

I focus on using the cybercriminal and organized crime persona to reinforce that attackers are systemized and more professional than the lone-wolf, basement “script kiddie” persona often stuck in business leaders’ minds.

Tony Soprano as organized crime is a useful mental model. Tommy Shelby in Peaky Blinders works, too. Remember that part of that persona is the frequent fighting and infighting between and within gangs.    

No honor among thieves is a saying for a reason.     That doesn’t make them less effective.  

Choose your upgrade:

Get the full benefits of Business of Tech Plus

Insider Access

$12/month

Perfect for MSPs and ITSPs that want full interviews, early access, and ad-free listening

  • Programmatic Ad-free private podcast feedSame show, little interruptions
  • Channel Chatter previews1–2 topics with light insights
  • Early access to interview episodesHear it days before public release
  • Monthly Insider BriefTighter analysis you can share internally
  • Extra audio segmentsCut interviews, behind-the-scenes commentary, quick competitive notes
  • Become an Insider for $12/month

    Leadership Access

    $149/month

    Perfect for MSPs and Vendors that run a team and need the extended tactics, executive summaries, and weekly alignment brief

  • All Insider Access benefits plus . . .
  • Invite your teamIncludes access for 5 team members with option to add more
  • Vendor Strategy BriefsThe entire library, plus new analysis every month
  • Channel ChatterAll topics, full insights, complete vendor discussion + sentiment list
  • Quarterly State of the Channel Briefing
  • Monthly AMA submission priorityAsk Dave direct questions, and skip the line
  • Get the Leadership Edge for $149/month

    Vendor Partner

    $500/month

    Perfect for channel companies or vendors looking to deepen their engagement with the show.

  • All Leadership Access benefits plus . . .
  • Get highlighted as a show sponsor You'll get placement in the show notes, throughout the website, and on our dedicated sponsors page.
  • Enjoy regular shout outs You'll be featured in a rotating format during the show
  • Become a show sponsor for $500/month

    Search all stories