Analyzed by the researchers at Sentinel Labs, FONIX has emerged as a new Ransomware as a Service (RaaS), which is available in the threat landscape. The mastermind behind its development earlier specialized in the developers of binary crypters/packers.
They also promoted many products and services on various cybercrime forums. The Ransomware first appeared in July 2020. To date, the attacks associated with it are at a very minute scale. Ransomware’s authors do not need a payment fee to be an affiliate of the service. Instead, they keep a small percentage of ransoms from the affiliate network.