Threat actor analysis
Icarus has disclosed 12 victims on its leak site, 0.1% of all ransomware listings tracked in this database. Its earliest disclosure here dates to May 2026.
The group has listed organisations in 3 countries, most often in United States (2 victims), followed by Canada, Indonesia.
By industry, its listings concentrate in Technology, Business Services, Financial Services — sectors that hold sensitive data or cannot tolerate long outages, both of which raise the pressure to pay.
Like most current ransomware operations, Icarus is likely to use double extortion: data is stolen before files are encrypted, and organisations that refuse to pay are named on the leak site with the stolen data as leverage.