Risky Business: Decrypting the Profitable World of Ransomware Operations

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Despite awareness and efforts to combat these threats, ransomware gangs continue to thrive, reaping profits from their activities.

In recent years, headlines have been flooded with reports of cybercriminals arrested for orchestrating ransomware attacks and employing extortion tactics. This begs the question: How are ransomware gangs as profitable as they are? Lana: Are You Ready for Me Ralph? Ransomware has undergone a dramatic evolution since its inception in the 1990s. Originally, it was largely a one-off endeavor, with cybercriminals conducting isolated attacks targeting individual users.

We reviewed job ads and resumes that were posted on 155 dark web forums from January 2020 through June 2022 and analyzed those containing information about a long-term engagement or a full-time job.” securelist.com Below is an organizational chart workflow of how recruits would function. “A total of roughly 200,000 employment-related ads were posted on the dark web forums during the period in question. The largest number of these, or 41% of the total, were posted in 2020.

 

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