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Bitcoin is public, transparent, and immutable. Knowing that Bitcoin is entirely public, I started building Ransomwhere as a method to crowdsource information on ransomware payments,” said Cable.Ĭontrary to popular belief, Bitcoin is not the private network that many criminals and illicit actors believe it to be.

#JACK CABLE STAMOS RANSOMWHERE 32M PAGETECHCRUNCH FULL#

Without knowing the full details of ransomware economics, it’s hard to tell if actions have an effect on criminal behavior. “I was inspired to launch Ransomwhere after seeing that no one really knows the full impact of ransomware, and cybercrime in general. Cable hopes that the data Ransomwhere generates will help individuals and enterprises understand the full impact ransomware attacks have and whether or not taking certain actions and preventive measures has an effect on impeding these attacks. We’re seeing that cybercriminals are getting more adept at exploiting systems and monetizing them, which is in part enabled by cryptocurrencies,” said Jack Cable, the founder of Ransomwhere.Ĭable is looking to mitigate cybercrime involving digital assets by providing comprehensive data around ransomware attacks that demand digital currency. … ) do indicate that ransomware attacks and payments are on the rise. “While the data on Ransomwhere is not fully complete, the current data and other public reports (e.g. Recently, many government organizations around the world have released statements warning their citizens and residents that cybercrime–including cybercrime involving digital currencies–is on the rise. Subscribe to TechRepublic Top 5 on YouTube for all the latest tech advice for business pros from Tom Merritt.In 2021, ransomware attackers have made roughly $32.7 million in cryptocurrency according to data from Ransomwhere one ransomware attack in particular–REvil–accounts for roughly 33% of the total amount of money raked in via ransomware attacks this year. And the data itself is useful at getting a handle on what the threats out there are. It’s not reassuring to see the large amount of money going to ransomware, but if you need help making the case of why it’s important to prepare for it, maybe this helps. Customized versions of MountLocker from Astro Locker and XingLocker are also out there. It’s been used more often against Biotech companies recently. This ransomware effort has been recently updated to better evade security.

#JACK CABLE STAMOS RANSOMWHERE 32M PAGETECHCRUNCH CODE#

Its malware shares a lot of code with REvil’s. The attack against the Colonial Pipeline system is attributed to DarkSide as is an attack against Toshiba. However, on July 13, 2021, REvil infrastructure shut down. Their highest profile attack was against the Casey desktop management service, but they also attacked the U.S. They’re not the only one that offers ransomware as a service but they were one of the most successful at it.

The attack against Ireland’s Health Service is attributed to Conti. The group behind Conti may be the same organization behind the Ryuk ransomware. So, who’s getting the most ransom money? As of the writing of this script, here are the top five.

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SEE: How to manage passwords: Best practices and security tips (free PDF) (TechRepublic)

#JACK CABLE STAMOS RANSOMWHERE 32M PAGETECHCRUNCH FOR FREE#

The full database is available for free to researchers and all enforcement. Ransomwhere keeps a running tally of ransoms paid based on anonymous self-reporting by the victims of ransomware. Cybersecurity and Infrastructure Security Agency worker, has started a ransomware payments tracking site called Ransomwhere.īecause bitcoin transactions are public, you can see-if you look-who’s getting paid how much.

Jack Cable, a security architect at Krebs Stamos group, and a former U.S.