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FBI says SafePay ransomware gang 'among most active' with more than 600 victims since 2024. At least 600 organizations across the U.S. and Europe have been breached by the SafePay ransomware gang since August 2024, according to a new advisory from international law enforcement agencies. The FBI and cybersecurity agencies in Germany as well as the U.K. said SafePay is now "among the most active ransomware groups in 2026" and is targeting businesses and critical infrastructure by guessing passwords, exploiting vulnerabilities and using phishing attacks. The advisory was created based on numerous FBI and German law enforcement investigations involving SafePay, with the most recent incident occurring in August. The advisory lists multiple vulnerabilities the group has used in attacks, including CVE-2020-3259, CVE-2023-20269, CVE-2023-27532, CVE-2024-40711, CVE-2024-40766 and others. "Once inside the network, SafePay actors establish control by creating new accounts or taking over existing ones," the agencies said. "They then use legitimate system tools to move through the network, identify valuable files, and disable security protections to avoid detection." The group also uses automated scripts to target vulnerabilities across internet-exposed systems. In some cases, the hackers change the passwords of system users to make it harder for them to login and stop their activity. They use legitimate tools to compress files and exfiltrate them before deploying the ransomware on victim devices. Legitimate remote desktop tools like AnyDesk or TeamViewer are used to transfer ransomware onto victim systems. The advisory said SafePay typically holds encrypted data for ransom and demands "a subset of company revenue in cryptocurrency" in exchange for the decryption key. "To put pressure on the victim, a representative makes phone calls on behalf of the ransomware group." The group's leak site currently lists dozens of German companies as well as government organizations across Latin America and the U.S. Experts previously said parts of SafePay's code resemble LockBit, a largely defunct ransomware operation that was previously responsible for hundreds of attacks. SafePay has recently taken credit for attacks on one of the U.S.'s biggest providers of IT products and services, British tech company Microlise and government technology contractor Conduent. The SafePay attack on Conduent caused significant damage across the U.S. because of the company's role in Medicaid, child support, food assistance, roadway tolls and more. Conduent announced a $80 million settlement last Friday in response to a class action lawsuit filed in the wake of the ransomware attack. No new articles

Conduent has teamed up with the New Jersey Department of Human Services to issue chip-enabled EBT cards to curb benefit theft. New Jersey is the third Conduent-supported state to adopt the cards and the first to include tap-to-pay. The cards serve clients of the Supplemental Nutrition Assistance Program (SNAP) and the Work First New Jersey cash assistance program. Older magnetic stripe cards are vulnerable to skimming, in which criminals use devices on terminals or ATMs to steal card data. Chips let cardholders insert rather than swipe their cards. Cardholders can lock and unlock cards through the ConnectEBT app or NJFamiliesFirst.gov. Alabama was the second state to roll out chipped cards statewide. Conduent disbursed about $80 billion in government benefit payments in 2025.

Research analysts issue forecasts for Conduent Q1 earnings. October 5, 2026 Key points. * Sidoti raised its Q1 2027 EPS forecast for Conduent to a loss of $0.01 per share from a prior estimate of a $0.02 loss. The firm forecasts full-year 2027 EPS of $0.01, while the current full-year estimate is a $0.37 loss. * Analyst sentiment remains mixed but leans cautious: Conduent has an average "Hold" rating, with recent downgrades from Zacks Research and Wall Street Zen and a reaffirmed "Sell" rating from Weiss Ratings. * Conduent's latest quarter fell short of expectations, reporting a $0.18-per-share loss versus a projected $0.17 loss and revenue of $531 million versus the $702 million consensus estimate. Hedge funds and other institutions own 77.28% of the company's shares. * Interested in Conduent? Here are five stocks we like better. Conduent Inc. (NASDAQ:CNDT - Free Report) - Equities research analysts at Sidoti raised their Q1 2027 earnings per share (EPS) estimates for shares of Conduent in a report released on Thursday, October 1st. Sidoti analyst M. Riddick now expects that the company will post earnings of ($0.01) per share for the quarter, up from their previous forecast of ($0.02). The consensus estimate for Conduent's current full-year earnings is ($0.37) per share. Sidoti also issued estimates for Conduent's Q2 2027 earnings at ($0.05) EPS, Q3 2027 earnings at $0.00 EPS and FY2027 earnings at $0.01 EPS. Several other research firms also recently issued reports on CNDT. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Conduent in a research note on Friday, July 17th. Wall Street Zen cut shares of Conduent from a "hold" rating to a "strong sell" rating in a research note on Saturday, August 15th. Finally, Zacks Research downgraded shares of Conduent from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold". Conduent price performance. CNDT opened at $1.65 on Monday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.55 and a current ratio of 1.55. The company has a market cap of $256.61 million, a price-to-earnings ratio of -1.09 and a beta of 1.45. Conduent has a one year low of $1.15 and a one year high of $2.82. The business's fifty day moving average is $1.64 and its two-hundred day moving average is $1.56. Conduent (NASDAQ:CNDT - Get Free Report) last released its quarterly earnings data on Monday, August 10th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.01). The firm had revenue of $531.00 million during the quarter, compared to analysts' expectations of $702.00 million. Conduent had a negative net margin of 8.17% and a negative return on equity of 9.02%. Institutional trading of Conduent. Several institutional investors and hedge funds have recently made changes to their positions in CNDT. Nierenberg Investment Management Company LLC purchased a new stake in Conduent during the 2nd quarter worth about $25,630. Pallas Capital Advisors LLC purchased a new position in Conduent in the 2nd quarter valued at about $30,000. GSA Capital Partners LLP purchased a new position in Conduent in the 2nd quarter valued at about $30,000. AXQ Capital LP acquired a new stake in shares of Conduent during the 4th quarter worth about $40,000. Finally, HB Wealth Management LLC acquired a new stake in shares of Conduent during the 1st quarter worth about $51,000. 77.28% of the stock is currently owned by hedge funds and other institutional investors. About Conduent. Conduent Incorporated NASDAQ: CNDT is a business services and digital solutions company that helps government agencies and commercial organizations manage customer interactions, administrative processes and transaction-based operations. Its services combine technology platforms, automation, data management and outsourced business processes. For government clients, Conduent provides services related to public benefits administration, healthcare programs, eligibility and enrollment, child support, workforce services and other citizen-facing programs. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Conduent, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Conduent wasn't on the list. While Conduent currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. Discover the 10 Best High-Yield Dividend Stocks for 2026 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps. Continue following MarketBeat