Report: 74% of stolen funds from ransomware attacks went to Russian-affiliate...
Russian hackers allegedly netted a profit of more than $400 million through crypto-ransomware in 2021. According to a new report published by blockchain analytics firm Chainalysis on Monday, approximately 74%, or over $400 million USD, of ransomware revenue last year were funneled into high-risk wallet addresses that are likely to have been based in Russia. The report analyzed ransomware hacks throughout 2021 and determined their affiliation to Russia through three key characteristics:Traces of Russia-based cybercriminal organization Evil Corp being behind a given breach; the group has....
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Over the course of this year, DarkSide, a group of Russian hackers got the attention of the U.S. Department of State. In May 2021, DarkSide was responsible for a ransomware attack on Colonial Pipeline, extorting $5M for not leaking data they had on the Pipeline’s network. This is considered to be one of the major ransomware attacks on the U.S. infrastructure to this date. What we know about the DarkSide is that they: Operate as Ransomware as a service (Raas) Get their ransom in Bitcoin The U.S. Department of State issued an award of $10M for information that would lead to finding the....
A blockchain research firm, Chainalysis, revealed crypto-ransomware attacks of 2021 racked up $602 million in Bitcoin and other currencies, and that figure could be even higher. In addition, the report pronounced a Russian-based hacker group named Conti as the most active and largest group of hackers by revenue last year. The analysis firm expressed that they have counted for all of it yet, and the figure of stolen money may be even more extensive, rising as high as $1 billion. Related Reading | Over $5 Billion In BTC Paid In Top 10 Ransomware Variants, Says U.S. Treasury In a....
A surge in ransomware in 2021 has also resulted in a surge in Monero usage as the method of payment as more criminal groups want only XMR. A new report by blockchain analytics firm CipherTrace highlights the growing role that privacy-focused cryptocurrencies such as Monero are playing in the rising tide of ransomware.“Current Trends in Ransomware” delves into trends observed during 2021 but was only released this week. The firm revealed there was almost a 500% increase in “double extortion” ransomware attacks from 2020 to 2021. These are cyber attacks in which malicious actors steal a....
Nearly 1.2 million money-stealing malware incidents were discovered in Q3 of 2016. Additionally, over 821,000 unique device crypto ransomware attacks were successfully blocked. Every time a report related to ransomware is published, there is a growing reason for concern. Although the public knows about this threat, the number of attacks continues to increase. In fact, a new Kaspersky Labs report indicates things are starting to get out hand rather quickly. In Q3 of 2016, there have been 3.5 times as many ransomware modifications as before. Criminals seem to be enjoying themselves when it....
In fact, 1% of attacks saw a demand of US$150,000 to be paid in Bitcoin. Ransomware developers are always one step ahead of security researchers these days. Not only in the way their software works, but also how they target potential victims. American businesses are seeing an influx in ransomware attacks all of a sudden. More particularly, company executives are a prime target for ransom are right now. While nearly nine in ten ransomware attacks are targeting hospitals these days, corporations are not out of the woods just yet. A new study unveiled how 40% of businesses investigated had....