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Cyber Threat
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Ransomware victim Energy

CO-VER Power Technology SpA

Listed by Everest on · organisation based in Italy

co-ver.it

Disclosed
Dec 7, 2024
Leak-site listing date
Threat group
Everest
293 victims listed
Country
Italy
#5 most targeted
Sector
Energy

ThreatAI analysis

Compiled from this incident record and the threat intelligence profile for Everest. Figures and technique mappings are quoted from the source data, not inferred.

About the Everest group

Everest ransom group collects and analyzes information about their victims. They specialize in customer privacy data, financial information, databases, credit card information, and more. The Everest ransom group leaks the victim's data to the darknet and they announced that any victim that will not contact them will suffer from a data leak and they will not delete hist files for future usage. Everest has listed 409 victims since September 2021.

How Everest is documented to operate

Obfuscated Files or Information T1027 Stealth

Adversaries may attempt to make an executable or file difficult to discover or analyze by encrypting, encoding, or otherwise obfuscating its contents on the system or in transit. This is common behavior that can be used across different platforms and the network to evade defenses. Payloads may be compressed, archived, or encrypted in order to avoid detection. These payloads may be used during Initial Access or later to mitigate detection. Sometimes a user's action may be required to open and Deobfuscate/Decode Files or Information for User Execution. The user may also be required to input a password to open a password protected compressed/encrypted file that was provided by the adversary.

Mitigations: User Training, Behavior Prevention on Endpoint, Antivirus/Antimalware, Audit

MITRE ATT&CK reference
Modify Registry T1112 Defense Impairment Persistence

Adversaries may interact with the Windows Registry as part of a variety of other techniques to aid in defense evasion, persistence, and execution. Access to specific areas of the Registry depends on account permissions, with some keys requiring administrator-level access. The built-in Windows command-line utility Reg may be used for local or remote Registry modification. Other tools, such as remote access tools, may also contain functionality to interact with the Registry through the Windows API. The Registry may be modified in order to hide configuration information or malicious payloads via Obfuscated Files or Information.

Mitigations: Restrict Registry Permissions

MITRE ATT&CK reference
Deobfuscate/Decode Files or Information T1140 Stealth

Adversaries may use Obfuscated Files or Information to hide artifacts of an intrusion from analysis. They may require separate mechanisms to decode or deobfuscate that information depending on how they intend to use it. Methods for doing that include built-in functionality of malware or by using utilities present on the system. One such example is the use of certutil to decode a remote access tool portable executable file that has been hidden inside a certificate file. Another example is using the Windows <codecopy /b</code or <codetype</code command to reassemble binary fragments into a malicious payload.

MITRE ATT&CK reference
Execution Guardrails T1480 Stealth

Adversaries may use execution guardrails to constrain execution or actions based on adversary supplied and environment specific conditions that are expected to be present on the target. Guardrails ensure that a payload only executes against an intended target and reduces collateral damage from an adversary’s campaign. Values an adversary can provide about a target system or environment to use as guardrails may include specific network share names, attached physical devices, files, joined Active Directory (AD) domains, and local/external IP addresses. Guardrails can be used to prevent exposure of capabilities in environments that are not intended to be compromised or operated within.

Mitigations: Do Not Mitigate

MITRE ATT&CK reference

MITRE ATT&CK techniques attributed to Everest across its recorded activity, not a finding about how CO-VER Power Technology SpA was reached.

Incident analysis

CO-VER Power Technology SpA was listed by Everest ransomware, a group with 293 victims recorded in this database. The listing appeared on the group's leak site on December 7, 2024.

CO-VER Power Technology SpA is based in Italy and operates in the Energy sector. Italy ranks #5 worldwide for ransomware disclosures, with 617 victims in this database.

Sector context. Energy sector attacks can have critical infrastructure implications. Ransomware on operational technology (OT) networks can disrupt power generation and distribution, elevating the urgency of recovery.

Everest typically follows a double extortion model: data is exfiltrated from the victim's systems before files are encrypted, so the victim faces two demands at once — pay to restore access, and pay to keep stolen data unpublished. The leak site, where this listing appeared, is the lever for the second demand.

Source. Public leak-site disclosures aggregated via the ransomware.live API. The disclosure date is when the listing was published, which can differ from the date of compromise. This site does not publish or link to stolen data. Last updated .

Frequently asked questions

Was CO-VER Power Technology SpA attacked by ransomware?

Yes. CO-VER Power Technology SpA was listed as a victim of the Everest ransomware group on December 7, 2024. The organisation is based in Italy and operates in the Energy sector. The disclosure appeared on the group's dark web leak site.

Which ransomware group attacked CO-VER Power Technology SpA?

CO-VER Power Technology SpA was attacked by Everest ransomware. Everest is one of the most active ransomware groups, having claimed 293 victims globally. The group typically employs a double-extortion model: encrypting the victim's files and threatening to publish stolen data.

When did the CO-VER Power Technology SpA ransomware attack occur?

The ransomware attack on CO-VER Power Technology SpA was disclosed on December 7, 2024. This date reflects when the victim was published on the threat group's leak site, which may differ from the actual date of initial compromise.

What data was stolen in the CO-VER Power Technology SpA ransomware attack?

The specific data stolen from CO-VER Power Technology SpA has not been independently verified by this platform. Ransomware groups typically exfiltrate data before encrypting systems and use the threat of publication to pressure victims. As a Energy organisation, CO-VER Power Technology SpA likely held sensitive business data, client information, and operational records.

How can organisations protect against Everest attacks?

To defend against Everest and similar threat actors, organisations should: maintain regular offline backups tested for restoration; implement network segmentation to limit lateral movement; deploy multi-factor authentication on all remote access; use endpoint detection and response (EDR) tools; conduct regular phishing and security awareness training; and monitor threat intelligence feeds for indicators of compromise (IOCs) associated with active groups.