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Bank Info Security 1 year, 5 months ago

Still-Lucrative Ransomware's Profits Plunged 35% Last Year

Collapse of LockBit and BlackCat/ALPHV Tied to Ongoing Decline in Big-Game HuntingRansomware may still be raking in massive cryptocurrency profits for practitioners, but 2024 turned out to be less of a banner year than predicted, with blockchain researchers reporting that the sum total of known ransom payments to ransomware groups in 2024 plummeted by 35%.

Bank Info Security 1 year, 10 months ago

RansomHub Hits Powered by Ex-Affiliates of LockBit, BlackCat

Feds Count Over 200 Known US Victims of Ransomware Group That Launched in FebruaryBeware a surge in attacks tied to a ransomware group called RansomHub that's recruited affiliates from down-or-out operations LockBit and BlackCat and successfully crypto-locked systems at more than 200 organizations nationwide, including critical infrastructure, the U.S. government warned.