Remove 2021 Remove Cryptocurrency Remove Ransomware
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Ransomware Payments Are Down

Schneier on Security

Chainalysis reports that worldwide ransomware payments were down in 2022. Ransomware attackers extorted at least $456.8 When we published last year’s version of this report, for example, we had only identified $602 million in ransomware payments in 2021. million from victims in 2022, down from $765.6

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Conti Ransomware gang pays salaries and develops cryptocurrency

CyberSecurity Insiders

But here’s a news piece that gives details of a ransomware group that paid $6 million in salaries last year and even tried to develop its cryptocurrency. Conti Ransomware group is the hacking group in discussion and is reported to have been led by an individual code named ‘Stern’.

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Year 2021 witnesses over 304.7 million Ransomware attacks so far

CyberSecurity Insiders

SonicWall Cyber Threat report has confirmed that the year 2021 witnessed a record number of ransomware attacks in just 6 months, taking the number to 304.3 Coming to the ransomware spread statistics, SonicWall observed that June 2021 alone witnessed over 78.4 million ransomware attacks.

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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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Organizations paid at least $602 million to ransomware gangs in 2021

Security Affairs

Organizations have paid more than $600 million in cryptocurrency during 2021, nearly one-third to the Conti ransomware gang. and Australia have published a joint advisory warning of an increased globalised threat of ransomware worldwide in 2021. Last week, cybersecurity agencies from the U.K., added the company.

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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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Australia introduces Ransomware Payments Bill 2021

CyberSecurity Insiders

Australia’s labor party has introduced a bill titled Ransomware Payments Bill 2021 that makes it mandatory for victimized companies to notify the Australian Cyber Security Center (ACSC) before making a ransom payment to a hacker’s gang. A National Ransomware Strategy was being encouraged by labor from February this year.