Remove 2020 Remove Cryptocurrency Remove Ransomware
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Ransomware Profitability

Schneier on Security

Analyzing cryptocurrency data, a research group has estimated a lower-bound on 2020 ransomware revenue: $350 million, four times more than in 2019. Ransomware is now an established worldwide business. Slashdot thread.

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US authorities have indicted Black Kingdom ransomware admin

Security Affairs

A 36-year-old Yemeni man behind Black Kingdom ransomware is indicted in the U.S. authorities have indicted Rami Khaled Ahmed (aka Black Kingdom, of Sanaa, Yemen), a 36-year-old Yemeni national, suspected of being the administrator of the Black Kingdom ransomware operation. for 1,500 attacks on Microsoft Exchange servers.

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Russian Phobos ransomware operator faces cybercrime charges

Security Affairs

Russian Phobos ransomware operator Evgenii Ptitsyn, accused of managing attacks, was extradited from South Korea to the US to face cybercrime charges. Russian Phobos ransomware operator Evgenii Ptitsyn, suspected of playing a key role in the ransomware operations, was extradited from South Korea to the US to face cybercrime charges.

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Romanian national was sentenced to 20 years in prison for his role in NetWalker ransomware attacks

Security Affairs

Romanian national was sentenced to 20 years in prison for his role in NetWalker ransomware attacks, pleading guilty to fraud charges in June. Romanian national Daniel Christian Hulea, 30, was sentenced to 20 years in prison for his role in NetWalker ransomware attacks. in cryptocurrency obtained from ransom payments.

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Conti Ransomware Group Diaries, Part IV: Cryptocrime

Krebs on Security

Three stories here last week pored over several years’ worth of internal chat records stolen from the Conti ransomware group, the most profitable ransomware gang in operation today. This final post on the Conti conversations explores different schemes that Conti pursued to invest in and steal cryptocurrencies.

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Who Wrote the ALPHV/BlackCat Ransomware Strain?

Krebs on Security

In December 2021, researchers discovered a new ransomware-as-a-service named ALPHV (a.k.a. “ BlackCat “), considered to be the first professional cybercrime group to create and use a ransomware strain written in the Rust programming language. Image: Varonis. Image: Varonis. ” Meanwhile, the U.S.

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U.S. Indicts North Korean Hackers in Theft of $200 Million

Krebs on Security

Secret Service and Department of Homeland Security told reporters on Wednesday the trio’s activities involved extortion, phishing, direct attacks on financial institutions and ATM networks, as well as malicious applications that masqueraded as software tools to help people manage their cryptocurrency holdings.