Ransomware Attacks Grew To $602 Million In 2021, Report
2022年2月13日 - 01:25AM
NEWSBTC
A blockchain research firm, Chainalysis, revealed crypto-ransomware
attacks of 2021 racked up $602 million in Bitcoin and other
currencies, and that figure could be even higher. In addition, the
report pronounced a Russian-based hacker group named Conti as the
most active and largest group of hackers by revenue last year. The
analysis firm expressed that they have counted for all of it yet,
and the figure of stolen money may be even more extensive, rising
as high as $1 billion. Related Reading | Over $5 Billion In BTC
Paid In Top 10 Ransomware Variants, Says U.S. Treasury In a
Chainalysis preview report of 2022, the firm has confirmed the
rapid growth in ransomware crimes. It explained that its initial
estimate (that’s still an underestimate) of $350 million has jumped
to $692 million. Chainalysis stated, In fact, despite these
numbers, anecdotal evidence, plus the fact that ransomware revenue
in the first half of 2021 exceeded that of the first half of 2020,
suggests to us that 2021 will eventually be revealed to have been
an even bigger year for ransomware. The firm explained that
ransomware attacks, pretty much like computer viruses, are
dangerous and ever-changing too, so they can easily avoid law
enforcement and updated security measures in a system. Ransomware
Attacks: 2020 VS 2021 Similarly, the average payout of ransomware
rose to $118,000 in 2021, up 26% compared to its previous $88,000
in 2020. The most significant cause behind the higher increase of
these numbers per the Chainalysis is a ‘big game hunting strategy.
Ransomware strains have been employed in it increasingly to target
big corporations for ransomware. The number of most active strains
in 2021 also has broken all its previous records with 140 groups
that received cryptocurrencies. It is up 21 from 2020’s figure and
61 from 2019. Conti Group Becomes The Biggest Strain Of 2021’s
Ransomware Attacks The recorded ransomware payments of 2019 stand
at $152 million and only $39 million in 2018. In contrast, the last
year’s figure has increased dramatically. As a result, the
Russian-based hacker group ‘Conti’ is the biggest strain by
revenue, per the Chainalysis. Last year, the Russia-based hacker
group Conti became one of the ransomware’s most active and
profitable strains. The Conti Group has extorted nearly $200
million from their victims in Bitcoin and Monero. The group uses
the ransomware-as-a-service (RaaS) model as the key and believes in
sharing its program with affiliates to exchange a fee. Another
ransomware strain named ‘DarkSide’ who previously marked the
historic attack on U.S Colonial Pipeline, which resulted in
petroleum shortage, came in second to Conti. DarkSide asked the
company to pay them $5 million in Bitcoin at the hack time.
Additionally, it nearly fetched over $75 million through the course
of a year in similar hacks. Related Reading | The US Offers A $10M
Reward For Information On DarkSide Ransomware Group Chainalysis
found Conti to be the only active strain throughout this past year.
At the same time, most others “Wavered in and out like a wave going
up then down.” Featured image by Pixabay and chart from
Tradingview.com
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