How REvil evolved into a ransomware collective capable of extorting Kaseya, JBS
The Russian ransomware gang REvil is loud, ambitious and particularly nasty. Even by hackers’ standards. Before claiming responsibility for a breach at the software company Kaseya, which has resulted in breaches at perhaps thousands of other businesses and newfound attention from the White House, the group accounted for less than 10% of known ransomware victims, according to the threat intelligence firm Recorded Future. Now, it accounts for 42%. As U.S. national security officials and much of the cybersecurity community race to mitigate the fallout from the Kaseya incident, the incident serves as yet another reminder of how groups of scammers are making millions of dollars after years of honing their tradecraft. A “conservative estimate” by IBM placed REvil’s 2020 profits at $123 million, first among ransomware gangs, while multiple firms said the gang’s malware was the most common digital extortion tool. That was before the REvil group also struck the […]
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