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Maze/Egregor ransomware cartel estimated to have made $75 million

Posted on April 9, 2021 by Dissent

Catalin Cimpanu reports:

The group behind the Maze and Egregor ransomware operations are believed to have earned at least $75 million worth of Bitcoin from ransom payments following intrusions at companies all over the world.

“We believe this figure to be much more significant, but we can only assess the publicly acknowledged ransom payments. Many victims never publicly report when they pay a ransom,” security firm Analyst1 said in a 58-page report [PDF] published this week.

Analyst1’s findings are in line with a similar report from blockchain analysis firm Chainalysis, which listed the Maze gang as the third most profitable ransomware operation —behind Ryuk and Doppelpaymer.

Read more on The Record. That Analyst1 report is well worth reading.

 

Related posts:

  • Ransomware victims keep paying, and ransomware groups keep growing
  • Kept in the Dark — Meet the Hired Guns Who Make Sure School Cyberattacks Stay Hidden
  • Paying the Ransom Doubles Cost of Recovering from a Ransomware Attack, According to Sophos
  • Liar, Liar, Pants on Fire? Did Maze Team go back on its word to leave medically related facilities alone?
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