Microsoft Threat Intelligence Podcast

Threat Landscape Update: Ransomware-as-a-Service and Advanced Modular Malware


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In this episode of the Microsoft Threat Intelligence Podcast, host⁠ ⁠⁠Sherrod DeGrippo is joined by Tori Murphy, Anna Seitz, and Chuong Dong to break down two threats: the modular backdoor PipeMagic and Medusa ransomware. They discuss how PipeMagic disguises itself as a ChatGPT desktop app to deliver malware, its sophisticated modular design, and what defenders can do to detect it.  

The team also explores Medusa’s evolution into a ransomware-as-a-service model, its use of double extortion tactics, and the broader threat landscape shaped by ransomware groups, social engineering, and the abuse of legitimate tools.  


In this episode you’ll learn:      

  • Why modular malware is harder to detect and defend against 

    • How attackers abuse vulnerable drivers to disable security tools 

      • Why leak sites play a central role in ransomware operations 

        Some questions we ask:     

        • How did Microsoft researchers uncover PipeMagic in the wild? 

          • Why do ransomware groups often borrow names and themes from mythology? 

            • What initial access techniques are commonly associated with Medusa attacks? 

               

              Resources:  

              View Anna Seitz on LinkedIn 

              View Chuong Dong on LinkedIn   

              View Sherrod DeGrippo on LinkedIn  

               

              Related Microsoft Podcasts:                   

              • Afternoon Cyber Tea with Ann Johnson 

                • The BlueHat Podcast 

                  • Uncovering Hidden Risks     

                     

                    Discover and follow other Microsoft podcasts at microsoft.com/podcasts  

                     

                    Get the latest threat intelligence insights and guidance at Microsoft Security Insider 

                     

                    The Microsoft Threat Intelligence Podcast is produced by Microsoft and distributed as part of N2K media network.  

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