Another Record Year For Ransomware Beckons as Crypto Profits Hit $460m
Ransom payments in the first half of 2024 hit $460m, according to Chainalysis
Ransom-related coverage examines extortion demands, data theft, and disruption caused when attackers lock or threaten to expose systems.
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Background for this topic.
Ransomware is malicious software that disrupts access to systems or data, typically by encrypting files, to pressure a victim into paying. Modern campaigns may also steal data and threaten to publish it, making the demand a form of extortion even when encryption is unsuccessful. Common access routes include phishing, exposed remote services, stolen credentials, and unpatched vulnerabilities, though no single route is universal.
Important safeguards include regularly tested, offline or otherwise isolated backups; multifactor authentication and least-privilege access; network segmentation; and timely remediation of known, internet-facing vulnerabilities. During an incident, organizations should isolate affected systems, preserve evidence, identify the scope of compromise, and coordinate recovery and legal or regulatory decisions. Payment does not guarantee data recovery or deletion. Threat intelligence may help identify associated infrastructure or available decryptors, while documented recovery plans reduce dependence on an attacker’s demands.
Ransom payments in the first half of 2024 hit $460m, according to Chainalysis
Anydesk is its access tool of choice A new extortion gang called Mad Liberator uses social engineering and the remote-access tool Anydesk to steal organizations' data and then demand a ransom payment, according to Sophos X-Ops.…
Maksim Silnikau and his associates are accused of developing and distributing notorious ransomware strains such as Reveton and Ransom Cartel, amongst other criminal acts.
Belarusian-Ukrainian national Maksim Silnikau was arrested in Spain and is now extradited to the USA to face charges for creating the Ransom Cartel ransomware operation in 2021 and running a malvertising operation from 2013 to 2022. [...]