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Panzer Ransomware Targets Italian Manufacturers and Telecom Firms With ESXi-Ready RaaS
New Panzer ransomware-as-a-service operation lists Italian firms Doimo Cucine and NTE Italia as victims, offering encryptors for Windows, Linux, FreeBSD, and ESXi.
Panzer, a ransomware-as-a-service operation that surfaced August 5, listed a kitchen manufacturer in Treviso (Doimo Cucine) and a telecommunications engineering firm in Catanzaro (NTE Italia) among alleged victims, claiming 30 GB and 16 GB of stolen data respectively. The group advertises encryptors for Windows, Linux, FreeBSD, and VMware ESXi, a Tox-based affiliate recruitment process with screening, an affiliate dashboard, and an 80/20 revenue split. Neither victim had publicly confirmed the incidents when researcher Andrea Fortuna's report was published, and the group's first access method and payload have not been independently analyzed. Panzer posted victims across 11 countries as claimed Italian ransomware incidents reached 212 by September 6, already above 2025's full-year total of 169.
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Silver Fox Targets Japanese Manufacturer with 3
Chinese group Silver Fox used new vulnerable drivers and DLL side-loading to deploy ValleyRAT at a Japanese industrial manufacturer.
Cato Networks detailed a Silver Fox campaign against a Japanese industrial manufacturing organization combining new vulnerable-driver abuse (BootRepair.sys and EnPortv.sys alongside wsftprm.sys), DLL side-loading via Zeon Corporation PDF binaries, and NTDLL unhooking to deliver ValleyRAT (Winos 4.0), a Gh0st RAT variant. The chain starts with an invoice-themed phishing lure hosting attacker-controlled content on legitimate QQ and Tencent Cloud services. Shellcode is injected into svchost.exe via thread-context hijacking, and a dual watchdog design pairs payload monitoring with a scheduled-task batch script for persistence. A separate 180-day VirusTotal retrohunt found 146 Atlas RAT samples across six PDB builds, though the Silver Fox link remains circumstantial.
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