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Blockchain transactions confirm murky and interconnected ransomware scene

Posted on February 7, 2021 by Dissent

Catalin Cimpanu reports:

A report published today by blockchain investigations firm Chainalysis confirms that cybercrime groups engaging in ransomware attacks don’t operate in their own bubbles but often switch ransomware suppliers (RaaS services) in a search for better profits.

The report analyzed how Bitcoin funds were transferred from victims to criminal groups, and how the money was divided among different parties involved in the ransomware attack, and how it was eventually laundered.

Read more on ZDNet.

Related posts:

  • The Ransomware Superhero of Normal, Illinois
Category: Commentaries and AnalysesMalwareOf Note

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