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Explainer: How MOVEit breach shows hackers' interest in corporate file transfer tools

By Raphael Satter
       June 16 (Reuters) - Ransom-seeking hackers have
increasingly turned a greedy eye toward the world of managed
file transfer (MFT) software, plundering the sensitive data
being exchanged between organizations and their partners in a
bid to win big payouts.
    Governments and companies globally are scrambling to deal
with the consequences of a mass compromise made public on
Thursday that was tied to Progress Software Corp's  PRGS.O 
MOVEit Transfer product. In 2021 Accellion Inc's File Transfer
Appliance was exploited by hackers and earlier this year
Fortra's GoAnywhere MFT was compromised to steal data from more
than 100 companies.  
    So what is MFT software? And why are hackers so keen to
subvert it?
    
    CORPORATE DROPBOXES
    FTA, GoAnywhere MFT, and MOVEit Transfer are corporate
versions of file sharing programs consumers use all the time,
like Dropbox or WeTransfer. MFT software often promises the
ability to automate the movement of data, transfer documents at
scale and provide fine-grained control over who can access what.
    Consumer programs might be fine for exchanging files between
people but MFT software is what you want to exchange data
between systems, said James Lewis, the managing director of
UK-based Pro2col, which consults on such systems. 
    "Dropbox and WeTransfer don't provide the workflow
automation that MFT software can," he said.
                    
    MFT PROGRAMS CAN BE TEMPTING TARGETS
    Running an extortion operation against a well-defended
corporation is reasonably difficult, said Recorded Future
analyst Allan Liska. Hackers need to establish a foothold,
navigate through their victim's network and exfiltrate data -
all while remaining undetected.
    By contrast, subverting an MFT program - which typically
faces the open internet - was something more akin to knocking
over a convenience store, he said.
    "If you can get to one of these file transfer points, all
the data is right there. Wham. Bam. You go in. You get out."
    
    HACKER TACTICS ARE SHIFTING
    Scooping up data that way is becoming an increasingly
important part of the way hackers operate. 
    Typical digital extortionists still encrypt a company's
network and demands payment to unscramble it. They might also
threaten to leak the data in an effort to increase the pressure.
But some are now dropping the finicky business of encrypting the
data in the first place.
    Increasingly, "a lot of ransomware groups want to move away
from encrypt-and-extort to just extort," Liska said.
    Joe Slowik, a manager with the cybersecurity company
Huntress, said the switch to pure extortion was "a potentially
smart move."
    "It avoids the disruptive element of these incidents that
attract law enforcement attention," he said.

 (Reporting by Raphael Satter; editing by Grant McCool)
 ((Raphael.Satter@thomsonreuters.com;))

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