Category Archives: Ransomware-as-a-Service (RaaS)

Ransomware payouts hit all-time high, but that’s not the whole story

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Ransomware payments hit an all-time high of $1.1 billion in 2023, following a steep drop in total payouts in 2022. Some factors that may have contributed to the decline in 2022 were the Ukraine conflict, fewer victims paying ransoms and cyber group takedowns by legal authorities. In 2023, however, ransomware payouts came roaring back to […]

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Triple Extortion and Erased Data are the New Ransomware Norm

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The old days of “honest” ransomware gangs are long gone. In the past, ransomware groups pressured each other to honor file decryption promises after the ransom was paid. However, their motives were far from altruistic. They thought victims would be less willing to pay if word got out that their files would never be recovered. […]

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The Most Prolific Ransomware Gangs of 2022

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As we look forward to 2023, we can find many ransomware lessons in looking back at 2022. The year brought us numerous attacks by many of the same gangs we’ve watched for years, as well as some newcomers. Many ransomware gangs operate like businesses, with their own marketing departments and user documentation. With the advent […]

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How the US Government is Fighting Back Against Ransomware

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As ransomware-related payments surged toward $600 million in the first half of 2021, the U.S. government knew it needed to do more to fight back against cyber criminals. For many years, the Treasury’s Office of Foreign Assets Control (OFAC) had a Specially Designated Nationals and Blocked Persons List (SDN List for people or organizations acting […]

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Why Do Ransomware Gangs Keep Coming Back From the Dead?

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Ransomware gangs are major players in the cybersecurity space, especially in recent years. ZDNet reported that ransomware gangs increased their payments by over 311% from 2019 to 2020, with totals for all groups exceeding $350 million in 2020. Ransoms continued rising in 2021. Unit 42, a threat research team at Palo Alto Networks, found that […]

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ITG23 Crypters Highlight Cooperation Between Cybercriminal Groups

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IBM Security X-Force researchers have continually analyzed the use of several crypters developed by the cybercriminal group ITG23, also known as Wizard Spider, DEV-0193, or simply the “Trickbot Group”. The results of this research, along with evidence gained from the disclosure of internal ITG23 chat logs (“Contileaks”), provide new insight into the connections and cooperation […]

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Everything You Need To Know About Ransomware Attacks and Gangs In 2022

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Ransomware is a lucrative business for criminals. It is paying off, and it is working.  According to a recent Trend Micro report, a staggering 84% of US organizations experienced either a phishing or ransomware attack in the last year. The average ransomware payment was over $500,000. Bad actors want to keep cashing in. So they’re […]

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LockBit 2.0: Ransomware Attacks Surge After Successful Affiliate Recruitment

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After a brief slowdown in activity from the LockBit ransomware gang following increased attention from law enforcement, LockBit is back with a new affiliate program, improved payloads and a change in infrastructure. According to IBM X-Force, a major spike in data leak activity on the gang’s new website indicates that their recruitment attempts have been […]

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Why RaaS Has Become Easier to Launch

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Straight from the researchers at Intel 471 comes this pro tip for cybersecurity teams inside organizations: Being proactive about what the cybercriminal underground is learning and how it’s behaving can help you pinpoint solutions for your secur… Continue reading Why RaaS Has Become Easier to Launch→

Try These Best Practices to Counter Common Cybersecurity Risks

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Since the beginning of the pandemic, ransomware and other cyber attacks have spiked. Meanwhile, millions of people have shifted from working in offices to working remotely. Organizations are increasingly relying on video conferencing, virtual private networks (VPNs) and remote desktop protocol admin tools. Many employers believe that, to cut down on these risks, they should […]

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