A new report by two cybersecurity firms has revealed that one ransomware family is particularly successful, raking in over $150 million in bitcoin. The ransom payments “sometimes amount to millions of dollars and typically run in the hundreds of thousands range.”
Ransomware Makes $150 Million in Bitcoin
The Ryuk ransomware family has raked in $150 million in bitcoin, according to a joint report by cybersecurity firms Advanced Intel and Hyas. “The Ryuk family of ransomware has been particularly successful in economic terms as well as having a disruptive impact on many industries around the world,” the report authors described, adding:
Our research involved tracing payments involving 61 deposit addresses attributed to Ryuk ransomware. The Ryuk criminals send a majority of their bitcoin to exchanges through an intermediary to cash out.
The ransomware family Ryuk was first discovered in the wild in August 2018. Its targets tend to be high-profile organizations, including hospitals and newspapers.
The report authors explained that