Executive Summary The emergence of the threat syndicate known as ALPHV Ransomware represented a major transition in the monetization and technical design of Ransomware-as-a-Service (RaaS) models. Active from late 2021 through early 2024, the BlackCat Ransomware Group distinguished itself as the first major professional threat operator to deploy a production-grade, highly customizable encryptor written natively in the Rust programming language. This architectural choice grante
