Dark Web Profile: SpaceBears – SOCRadar

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Recent history could be termed the Age of Ransomware in the realm of cybercrime. However, threat actors have discovered a way to profit without the need for malware development or sophisticated methods. SpaceBears is a new participant in the Data Broker trend, which has gained momentum particularly due to major crackdowns on ransomware groups by security forces.
Depiction of SpaceBears, Image created with Bing AI
It’s been said amongst the cybersecurity community that the SpaceBears, a ransomware group believed to be based in Moscow, Russia, has recently taken credit for several high-profile cyberattacks, demonstrating their advanced tactics in the cyber threat landscape. However, we did not encounter any advanced techniques, traces or indicators of ransomware.
Main page of SpaceBears’ Data Leak Site (DLS)
When you enter the Data Leak Site (DLS), you see the following text: “This page contains a list of companies whose clients and business partners entrusted them with their confidential data, but these companies leaked data. The data may contain confidential information such as login credentials, intellectual property, personal and financial data, etc.”
As we discussed in another blog post, such groups follow an extortion strategy by reaching insurance companies and worrying the organization’s customers in order to earn income from the data they obtain.
You can visit our relevant blog post to learn the Modus Operandi of Data Broker groups.
What to do section in the DLS
The group provides instructions for DLS visitors on what to do if they believe their data has been compromised. They claim that upon receiving payment, the publication will be removed, the obtained data will be deleted from their servers, and a decryption tool will be provided for the alleged “encrypted” files. Additionally, they even offer guidance on how to prevent similar attacks in the future.
SpaceBears currently has 8 organizations listed in its DLS, most of which are medium/small sized organizations.
When we look at the countries in which the organizations are located through their domain addresses, there are 2 US, Portugal, Canada, Germany, Norway, Morocco and Singapore each containing one victim.
When looked at on a sectoral basis, we see Manufacturing, small technology solutions organizations and a Healthcare-related company.
Latest victim announcements from SpaceBears
When we look at the sharing formats of a victim, in addition to company related information, the number of views, publication date and the content of the leaked database are also written.
Leaked data was being hosted on a file sharing service
They do not host allegedly leaked data on their own servers, but share it through file sharing services accessible on the clear web; Of course, this results in the file being deleted in a short time.
In addition, this situation seems to be an indicator of insufficient technical capacities of the group, but even dangers that seem small for now can lead to big problems in the future. A leaked credential could lead to a bigger attack in the future.
In summary, this preliminary research on SpaceBears highlights their emergence in the Data Broker trend amidst the ongoing crackdown on ransomware groups. While they claim responsibility for several cyberattacks and operate a Data Leak Site listing compromised organizations, the group’s methods and infrastructure suggest a reliance on basic extortion strategies rather than sophisticated malware tactics.
Their use of external file-sharing services for hosting leaked data indicates potential limitations in their technical capabilities. However, even seemingly minor threats can escalate, underscoring the importance of continued vigilance and proactive cybersecurity measures. This report may be expanded in the future as new developments and incidents unfold.
Given the tactics employed by SpaceBears and many other Data Broker groups, organizations must adopt a mitigation strategy centered around data protection. Here’s a comprehensive approach to mitigate the risks posed by SpaceBears and similar threat actors.
Data Classification and Encryption
Access Control and Principle of Least Privilege (PoLP)
Network Segmentation and Monitoring
Employee Training and Awareness
Incident Response Plan
Backup and Recovery
Vendor and Third-Party Risk Management
By implementing these proactive measures, organizations can strengthen their defenses against data extortion threats posed by groups like SpaceBears. Regular monitoring, testing, and refinement of these strategies are essential to adapt to evolving cyber threats and protect sensitive data effectively.
SOCRadar presents an indispensable solution for detecting and addressing data leaks and credential compromises, bolstering your organization’s resilience against cyber threats. Through continuous monitoring of both surface and dark web sources, SOCRadar swiftly detects any exposure of sensitive information, including employee emails, customer login credentials, and financial data such as credit card numbers.
An example of SOCRadar’s alerts

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