Jim Walter, Senior Threat Researcher on SentinelLabs research team, to discuss their work on "HellCat and Morpheus | Two Brands, One Payload as Ransomware Affiliates Drop Identical Code." Over the past six months, new ransomware groups like FunkSec, Nitrogen, and Termite have emerged, while established threats such as Cl0p and LockBit 4.0 have resurfaced. Two prominent Ransomware-as-a-Service (RaaS) operations, HellCat and Morpheus, have gained traction, with research indicating that affiliates of both are using nearly identical ransomware payloads.