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Blockchain transactions confirm murky and interconnected ransomware scene

A report published today by blockchain investigations firm Chainalysis confirms that cybercrime groups engaging in ransomware attacks don't operate in their own bubbles but often switch ransomware suppliers (RaaS services) in a search for better profits.

The report analyzed how Bitcoin funds were transferred from victims to criminal groups, and how the money was divided among different parties involved in the ransomware attack, and how it was eventually laundered.

But to understand these dynamics, a short intro into the current ransomware scene is needed. Today, the ransomware landscape is very similar to how modern businesses operate.

Continue reading: https://www.zdnet.com/article/blockchain-transactions-confirm-murky-and-interconnected-ransomware-scene/

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