Hive Ransomware: A Detailed Analysis

Before we dive in, you might have heard the good news. This past week, on January 26th, to be exact, the FBI successfully shut down the Hive ransomware group and saved victims over a hundred million dollars in ransom payments and remediation costs.  Bu…

February 1, 2023
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Uncovering LockBit Black’s Attack Chain and Anti-forensic activity

Since the infamous Conti ransomware group disbanded due to source code leaks during the Russia-Ukraine war, the LockBit group has claimed dominance. The group has adopted new extortion techniques and added a first-of-its-kind bug-bounty program, along with many features, to advance their new leak site. Upon investigation and analysis, we have determined that the new LockBit […]

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February 1, 2023
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Ransomware Payments Are Down

Chainalysis reports that worldwide ransomware payments were down in 2022.

Ransomware attackers extorted at least $456.8 million from victims in 2022, down from $765.6 million the year before.

As always, we have to caveat these findings by noting that the true totals are much higher, as there are cryptocurrency addresses controlled by ransomware attackers that have yet to be identified on the blockchain and incorporated into our data. When we published last year’s version of this report, for example, we had only identified $602 million in ransomware payments in 2021…

January 31, 2023
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