Document: 74% of stolen funds from ransomware assaults went to Russian-affiliated pockets addresses in 2021

Russian hackers allegedly netted a profit of bigger than $400 million thru crypto-ransomware in 2021.

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Report: 74% of stolen funds from ransomware attacks went to Russian-affiliated wallet addresses in 2021

In step with a brand fresh chronicle printed by blockchain analytics firm Chainalysis on Monday, approximately 74%, or over $400 million USD, of ransomware income closing yr had been funneled into excessive-threat pockets addresses which would possibly be probably to were primarily based totally in Russia. The chronicle analyzed ransomware hacks for the length of 2021 and determined their affiliation to Russia thru three key characteristics:

  1. Traces of Russia-primarily based totally cybercriminal organization Corrupt Corp being behind a given breach; the community has alleged ties to the Russian authorities.
  2. Ransomeware programmed simplest in opposition to victims of non-worn-Soviet countries.
  3. Ransomware traces that share documents and bulletins in the Russian language.

As well to the replacement standards, it appears that net page visitors data confirms the spacious majority of extorted funds are laundered thru Russia. One more 13% of funds sent from ransomware addresses to products and services went to customers who had been probably in Russia — bigger than any various space. Such ransomware traces on the total infect a client’s laptop by capability of a program exploit, or when downloading unknown recordsdata, and heaps others. They then encrypt the sufferer’s recordsdata and quiz price thru, most on the total, Bitcoin (BTC) or Monero (XMR) to a pockets tackle to assemble the recordsdata accessible.

One eminent case befell closing yr when Russia-primarily based totally hacking entity Darkside, thru exploiting a single leaked password, contaminated the laptop systems of Colonial Pipeline. Consequently, the pipeline’s operators had been compelled to pay over $4 million in crypto ransom — of which $2.3 million changed into recovered — to receive entry to their encrypted recordsdata, nevertheless not sooner than inflicting a transient fuel crisis for the length of the ordeal.

Russian ransomware encryption hack | Supply: Reuters

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