The FBI has learned of a cyber-criminal group who self identifies as the “OnePercent Group” and who have used Cobalt Strike to perpetuate ransomware attacks against US companies since November 2020. OnePercent Group actors compromise victims through a phishing email in which an attachment is opened by the user. The attachment’s macros infect the system with the IcedID1 banking trojan. IcedID downloads additional software to include Cobalt Strike. Cobalt Strike moves laterally in the network, primarily with PowerShell remoting. OnePercent Group actors encrypt the data and exfiltrate it from the victims’ systems. The actors contact the victims via telephone and email, threatening to release the stolen data through The Onion Router (TOR) network and clearnet, unless a ransom is paid in virtual currency. OnePercent Group actors’ extortion tactics always begin with a warning and progress from a partial leak of data to a full leak of all the victim’s exfiltrated data.