Ransomware group ‘Black Basta’ has raked in more than $100 million -researchers

Raphael Satter reports:

A cyber extortion gang suspected of being an offshoot of the notorious Russian Conti group of hackers has raked in more than $100 million since it emerged last year, researchers said in a report published on Wednesday.

Digital currency tracking service Elliptic and Corvus Insurance said in a joint report the ransom-seeking cybercrime group known as “Black Basta” has extorted at least $107 million in bitcoin, with much of the laundered ransom payments making their way to the sanctioned Russian cryptocurrency exchange Garantex.