Midas is a financially-motivated ransomware group that emerged in November 2021, primarily targeting organizations across developed nations with a focus on critical infrastructure and high-value sectors. The group's country of origin and specific affiliations remain undetermined based on publicly available intelligence, though their targeting patterns and operational methods suggest a profit-driven criminal enterprise rather than state-sponsored activity. Midas operators typically employ double extortion tactics, exfiltrating sensitive data before deploying their encryption payload, though specific details about their initial access vectors and technical tools have not been extensively documented by major security firms. The group has demonstrated a preference for targeting organizations in the Food & Agriculture, Manufacturing, Finance, and Professional Services sectors across the United Kingdom, United States, Germany, and France, with approximately 44 documented victims since their emergence. Current intelligence indicates Midas remains an active threat, though the group maintains a relatively low profile compared to more prominent ransomware families, with limited detailed technical analysis available from established threat intelligence sources. The group has been linked to 44 public disclosures across our corpus. First observed on a leak site on November 29, 2021; most recent post April 14, 2022. The operation is currently inactive.
Sector and geography
Geographically, NewWave Technologies Inc is reported in United States, a country with 7,392 ransomware disclosures in our corpus.
How we know this. Darkfield monitors public ransomware leak sites continuously, archiving every new disclosure and the data later released against the victim. Each entry on this page is sourced from the operator's own publication and cross-checked against complementary OSINT feeds (RansomLook, ransomware.live, RansomWatch). We do not collect or host stolen data — only the metadata, timestamps and screenshots needed to make the public disclosure searchable and accountable. Records here are corrected when the original post is edited, retracted, or merged with another disclosure.
