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The ease of compromising these organizations has been key to fueling the appetite for ransomware attacks. To do so, it should start by investing in new efforts to improve the defenses of small- to medium-sized entities.

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Mitigating just one of these conditions, let alone all three, will demand years of sustained effort.īecause the US government cannot eliminate ransomware overnight, it must begin planning how to manage the problem over the long term. Three factors drive the persistence of the problem: the presence of a vast pool of security-poor organizations, the availability of a poorly regulated monetization pipeline in the form of cryptocurrency, and criminals’ ability to evade law enforcement by exploiting jurisdictional boundaries. Though the US government has devoted more attention to ransomware over the ensuing months, ransomware remains a significant and long-term threat to the US economy. The intensification of the ransomware epidemic from that point until the attack on Colonial Pipeline resulted from the growing adoption of this new extortion model among criminals. This adaptation made ransomware more disruptive and more profitable, eventually attracting the attention of well-organized cybercrime gangs. Between 20, cybercriminals shifted away from automated ransomware campaigns that emphasized scale to targeted extortion operations against organizations and established businesses. The 2021 surge in ransomware activity stems from a change in how criminals launch ransomware attacks.

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'But I would like to get as complete of a picture as possible.This issue brief investigates the drivers of the ransomware surge that menaced the United States in the summer of 2021, explains why these attacks remain a persistent threat today, and offers recommendations for mitigating the problem in the future.

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“It'll never be possible to get the full picture - criminals who are using Monero will be nearly impossible to track”, Cable says. He’s also looking at ways to support other traceable cryptocurrencies, such as Ethereum, as well as at the potential to track downstream bitcoin addresses. RangarLocker, DarkSide and Egregor round out Ransomwhere’s top five list - for now at least - having amassed sums of $4.6 million, $4.4 million and $3.2 million, respectively.Ĭable says that going forward, he’s exploring ways of partnering with companies in the security and blockchain analysis spaces in order to integrate data that they already have on ransomware actions. Netwalker, one of the most popular ransomware-as-a-service offerings on the dark web, comes in second with more than $6.3 million in payments for 2021, though Ransomwhere’s tally shows that the group has racked up the most ransom payments in total, with roughly $28 million to its name based on the site’s data. Maze, a notorious ransomware group, says it’s shutting downĬD Projekt hit by ransomware attack, refuses to pay ransom Kaseya hack floods hundreds of companies with ransomware Read more on TechCrunchĪre we overestimating the ransomware threat?įujifilm becomes the latest victim of a network-crippling ransomware attack The group has racked up more than $11 million in ransom payments this year, according to Ransomwhere, an amount that could increase dramatically if its recent demands for $70 million as part of the Kaseya attack are met.

The bulk of these payments have been made to the REvil, the Russia-linked ransomware gang that took credit for the JBS and Kaseya hacks. “For law enforcement, as we saw with the Colonial Pipeline hack, law enforcement does have the ability to recover some payments, so it would be great if this can further aid their efforts.”Īt the time of writing, the site is tracking a total of more than $32 million in ransom payments for 2021.

“As we consider policy proposals to change the state of ransomware economics, we will need data to assess whether these actions are successful,' Cable said.

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The already-burgeoning database, which doesn’t include any personal or victim-identifying information, is available as a free download for the cybersecurity community and law enforcement officials, which Cable hopes will help give some much-needed public transparency about the current state of the problem.