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EU Sanctions Fail: Stark Industries Rebrands and Shifts Assets

by Rachel Kim – Technology Editor

Bulletproof hosting ⁣firm Linked to Sanctioned Stark Industries ⁢Rapidly Rebrands, Remains Operational

A​ Russian-owned bulletproof hosting provider sanctioned by⁣ the European Union for supporting cybercriminal activity has successfully evaded restrictions by rebranding‌ and quickly re-establishing services, according⁤ to research published by KrebsOnSecurity.‍ The firm, initially ​known as Stark ⁢Industries, continues to operate under new names, offering infrastructure to malicious actors despite EU efforts to disrupt its operations.

The EU sanctioned​ Stark Industries in May 2024 for providing essential services to ransomware groups and other cybercriminals. However, a new report details how the company, linked to ‍Youssef⁤ Zinad,⁣ rapidly‌ transitioned its infrastructure and services, demonstrating the challenges of effectively ⁢combating resilient, adaptable cybercriminal infrastructure. This⁢ poses an ongoing​ threat to organizations worldwide vulnerable to⁣ attacks launched from these platforms.

KrebsOnSecurity’s investigation reveals a ⁢network of shell‌ companies and individuals connected to‌ Stark Industries’‌ continued operation. The⁢ hosting firm appears to have⁣ rebranded and is‌ now operating through entities including MIRhosting and worktitans. A Google search for Youssef Zinad identifies him as ⁣the founder of [.]hosting,⁣ hosted by PQ‌ hosting​ Plus S.R.L., according to censys.io.

Further investigation links WorkTitans‘‌ sole shareholder to Fezzy BV,a company in Almere,Netherlands. The phone number listed​ for Fezzy BV – 31651079755 – ​was also ​used to register a Facebook⁢ profile for a⁢ Youssef Zinad from the same town, as identified by breach tracking service Constella Intelligence. Zinad’s ​LinkedIn profile⁣ prominently features posts promoting MIRhosting’s services.

Email exchanges preceding KrebsOnSecurity’s May 2024 report on Stark Industries show Zinad (youssef@mirhosting.com) included ⁤in‍ communications ​as part of the company’s legal team. He is also listed ⁢as an official contact for MIRhosting’s Almere offices​ on the dutch website stagemarkt[.]nl. ‌ Requests for comment from Zinad went unanswered.

Recorded Future’s analysis of Stark’s rebranding concluded ⁤that ​the EU sanctions were “largely ineffective, as affiliated infrastructure remained operational and services were rapidly re-established under⁢ new branding, with no ​meaningful or lasting disruption.” The findings underscore the need for more ⁤thorough‌ and adaptable strategies to counter the evolving tactics of bulletproof hosting providers and thier⁤ clientele.

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