Eldorado

Eldorado is a recently emerged ransomware group first observed in June 2024, operating with apparent financial motivations and demonstrating a relatively broad targeting approach across multiple countries and industry sectors. The group's origin and affiliations remain largely undocumented in public threat intelligence reporting, with no confirmed links to state actors or established ransomware families, though their operational patterns suggest they likely operate as an independent entity rather than a formal RaaS model. Specific technical details regarding Eldorado's initial access vectors, encryption methods, and data exfiltration capabilities have not been extensively documented in public security research, though their targeting of over 112 victims across diverse sectors including business services, technology, manufacturing, and financial services suggests they employ opportunistic attack methodologies rather than highly specialized techniques. The group has demonstrated a geographic focus primarily on the United States and Canada, with additional activity observed in Italy, UAE, and Croatia, though no specific high-profile campaigns or major ransomware incidents have been publicly attributed to this group by federal agencies or major security firms. As of current reporting, Eldorado appears to remain active with no documented law enforcement disruptions or confirmed rebranding activities, though the limited public visibility of their operations suggests they may be a smaller-scale operation compared to established ransomware families.