Ryuk ransomware shows Russian criminal group is going big or going home
A criminal hacking group suspected of operating out of Russia has shifted tactics in recent months from wire fraud to targeting big organizations for ransomware payouts, according to new research. The change in tactics is exemplified by the infamous Ryuk ransomware, which cybersecurity company CrowdStrike said Thursday is being used by a subset of the Russian group to rake in $3.7 million since August. The trend in extorting bigger organizations “has been increasing in the last year and poses a significant challenge to enterprises and businesses,” Adam Meyers, vice president of intelligence at CrowdStrike, told CyberScoop. “We have observed numerous adversaries adopting this tactic and charging substantial fees to unlock data across the entire network.” Ryuk has surfaced in a number of cyber incidents in recent months. A North Carolina water utility said it was hit by the ransomware in October. Last month, Ryuk was reportedly used in an attack […]
The post Ryuk ransomware shows Russian criminal group is going big or going home appeared first on CyberScoop.
Continue reading Ryuk ransomware shows Russian criminal group is going big or going home