Ransomware - CipherTrace

The Price Isn’t Always Right. Ransomware is on the Rise.

Ransomware continues to be a major cybersecurity challenge that impacts us all – from big industry to small businesses to individuals. In 2021, we analyzed trends in ransomware usage and bottled those up in our latest Current Trends in Ransomware Report. Here’s a snapshot of what you’ll find in the report: Double extortion ransomware increased…

Case Study: Hydra—Russia’s Largest Dark Market

Launched in 2015, Hydra is the most prominent Russian darknet market and likely the largest darknet market in the world. Hydra is Russian in origin and serves the following countries: Russia, Ukraine, Belarus, Kazakhstan, Azerbaijan, Armenia, Kyrgyzstan, Uzbekistan, Tajikistan, and Moldova. Hydra became the top Russian darknet market in 2017, after the closure of RAMP…

Best Practices for Reducing the Risk and Impact of Ransomware Attacks

In the wake of the Colonial Pipeline and JBS hacks, cybercrime and ransomware attacks continue to be top of mind for global corporations. As consumer purchasing moved to online transactions (digital trade) during the COVID-19 pandemic, the incidence of cybercrime also grew. FBI Director Christopher Wray recently compared the bureau’s shift to global ransomware threats…

Ransomware Seizure: Blockchain Analysis Helps US Authorities Seize Over $2 Million in DarkSide Ransom Paid by Colonial Pipeline

Colonial Pipeline Ransomware Recovery On June 7, 2021, the US Department of Justice announced that they had seized 63.69 BTC of the 75 BTC ransom Colonial Pipeline had paid to DarkSide. This ransom recovery is the first undertaken by the recently created DOJ Ransomware and Digital Extortion Task Force. While the FBI was able to…

Blockchain Analytics—the Secret Weapon to Combatting Ransomware

CipherTrace provides critical cryptocurrency intelligence to the Ransomware Task Force to trace the criminal actors that perpetuate this threat. Ransomware not only impacts individuals; it also targets healthcare, education and even tech giants like Apple. Ransomware continues to plague both the public and private sectors around the globe, but too often we in the cybersecurity industry find ourselves trying to… Read more