Staff Think Conti Group Is a Legit Employer – Podcast

Thanks to gray-hat Ukrainian hacker ContiLeaks, the Conti ransomware gang spilled its guts in late February. Since then, researchers have been poring over the group’s secrets, including a massive trove of chat logs and other doxxed data, including source code for Conti ransomware, TrickBot malware, a decryptor and the gang’s administrative panels.

ContiLeaks published these internal documents after the ransomware group’s leaders posted an aggressively pro-Russian message on their official site in the aftermath of Russia’s invasion of Ukraine.

Last week, BreachQuest published the findings of its week-long deep dive into the data. In essence, BreachQuest found that Conti Group operates like a legitimate, above-board high-tech company that hires and even fires contractors and salaried employees alike.

The dump enabled researchers to sketch out a chart showing key figureheads and the roles they play to grow Conti’s enterprise, plus details on:

Earnings and costs; How they recruit; Who are the leaders; Who they target: small as well as big targets; How they target and escalate attacks and how they receive payments; How they find their victims; Project Blockchain – Conti group’s effort to create its own altcoin; and A more thorough understanding of the tools used to spy on and compromise victims.

Marco Figueroa, head of product at BreachQuest, dropped in on the Threatpost podcast to give us some of the intelligence gleaned from the leaked chat logs. Those logs show that over the course of 13 months, Conti spent about $6M on salary, monthly bonuses, tooling and services.

Its HR team is indicative of how professionally Conti group conducts business: They offer “employee of the month” and performance review programs.

In short, Conti group considers itself a legitimate company. Many of its employees don’t even know they’re working for a cybercriminal outfit. Some probably choose to look the other way, but the turnover is still high.

That’s probably one reason why Conti’s training materials are the best Marco’s ever seen: The group needs to document procedures because they constantly have to train new contractors.

In fact, security teams themselves should take the training, Marco says, to find out how the experts successfully train their regrettably top-notch cyberattackers.

By the way, after BreachQuest’s report was published, Marco got a phone call from Russia: a first for him, he said. Either Conti’s a fan of  BreachQuest’s research, it was a wrong number, or hey, who knows? Maybe its HR team is expanding its outreach.

You can download the podcast below or listen here. For more podcasts, check out Threatpost’s podcast site.

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