A new ransomware group dubbed Royal that formed earlier this year has significantly ramped up its operations over the past few months and developed its own custom ransomware program that allows attackers to perform flexible and fast file encryption. “The Royal ransomware group emerged in early 2022 and has gained momentum since the middle of the year,” researchers from security firm Cybereason said in a new report. “Its ransomware, which the group deploys through different TTPs, has impacted multiple organizations across the globe. The group itself is suspected of consisting of former members of other ransomware groups, based on similarities researchers have observed between Royal ransomware and other ransomware operators.”