However, in order to make sure all reports are legitimate, each submission is required to take a screenshot of the ransomware payment demand, and every case is reviewed manually by Cable himself before being made publicly available. As the site is crowdsourced, it incorporates data from self-reported incidents of ransomware attacks, which anyone can submit. The website keeps a running tally of ransoms paid out to cybercriminals in bitcoin, made possible thanks to the public record-keeping of transactions on the blockchain. “After seeing that there's currently no single place for public data on ransomware payments, and given that it's not hard to track bitcoin transactions, I started hacking it together.”
#Krebs stamos group ransomwhere 32m pagetechcrunch full
“I was inspired to start Ransomwhere by Katie Nickels's tweet that no one really knows the full impact of cybercrime, and especially ransomware,” Cable told TechCrunch. Cybersecurity and Infrastructure Agency (CISA), is looking to solve that problem with the launch of a crowdsourced ransom payments tracking website, Ransomwhere. The proposal by Diaran Martin, a former official with Britain’s National Cyber Security Center, argues that these payments encourage criminals to keep perpetrating more attacks.Jack Cable, a security architect at Krebs Stamos Group who previously worked for the U.S. This banning measure intends to cover payments in bitcoin to cybercriminals. In countries like the United Kingdom, a ban on insurers received approval. Kaspersky also revealed in its 2021 Financial Threats report, that this year would be a year with an unprecedented rate of cyberattacks. The United States of America has been one of the most affected nations.Īccording to a report by security firm Kaspersky, the hasty implementation of remote work solutions has decreased the security for companies. The high rate of ransomware attacks has led the group of the world’s largest economies, the G7, to join efforts, and take action together to fight against these kinds of criminal activities. Global Unity to Fight Against Ransomware Attacks They warn that there is no possibility to guarantee 100% of the reviewed information. On their site, users can also spot the registered addresses used by cybercriminals to commit crimes.Īccording to Ransomwhere official site, the platform requests the informant for a screenshot of the ransomware demand for payment, and each case receives its review before granting its availability to the public. As a platform focused on contributions, it incorporates data from incidents of ransomware attacks that anyone can submit. The Ransomwhere tool makes this data available for anyone to consult. Last month, Barracuda Networks, a security company, stated a report saying that the volume of cyberattacks, including ransomware, increased by almost 200% between October 2020 and May 2021, when the price of Bitcoin faced a bullish period. This data goes according to a study by the company from computer security, Sophos. The financial losses because of a ransomware attack doubled those of 2020.Įven after the affected parts paid the ransoms, the chances of recovering the encrypted data went below 65%. The attackers then request a cryptocurrency ransom as extortion for handing back the data and avoiding vital damage.Ī ransomware attack can aim at both companies and individuals, although it is not usual for individuals to become victims of such criminal behavior. Ransomware is some kind of malware that compromises digital devices and hijacks vital information from users. These hackers are also responsible for the recent attack on the U.S pipeline. The third-place goes for the group of malicious hackers known as DarkSide, who have stolen around USD 4 million. In this way, the platform acts as a great public ledger that allows anyone to trace any transaction, including those associated with ransomware groups.Īt the moment, the operators behind the REvil or Sodinokibi ransomware lead the list with more than $ 10 million for data theft. The data gets collected due to the transparent nature of the network, which records all transactions on the blockchain. This tool keeps a continuous tally of ransoms paid in bitcoin to hackers. Ransomwhere is a new platform launched by Jack Cable, security architect at cybersecurity consultancy Krebs Stamos Group, which has played a vital role in protecting electoral systems ahead of the 2020 U.S. REvil leads the hackers’ list with over $ 10 million.Īccording to data from the Ransomwhere platform, the cybercriminals managed to extract around 60,000 bitcoins in ransom payments during 2021. Financial losses from ransomware currently surpass the losses registered back in 2020.
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