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Weekend Reading 101: On Ransomware's Chains and Carbon Black's Report

Carbon Black, a cybersecurity company that's been founded by former members of the U.S. government's elite team of offensive security hackers, has released a report detailing the continued rise of ransomware's impact, which served as the fire-starter for this piece. Carbon Black's Threat Analysis Unit (TAU) has found that ransomware is an increasingly prolific economical entity, bolstered by a 2,502% increase in sales in the dark web. As with every activity, legal or illegal, the economic footprint follows profit; and in ransomware's case, it's estimated it has yielded around $1 billion just this year. Ransomware even has the advantage of not requiring specialized computer skills, and can be quickly and brainlessly deployed in search of a quick buck.

Carbon Black reports that there are currently more than 6,300 ransomware marketplaces in the dark web, with over 45,000 different product listings, which range in price from $0.5 to $3K (the median price for a DIY ransomware package stands at roughly $10.5). Ransomware sellers are taking advantage of this burgeoning, "quick buck at anyone's expense" reasoning: some ransomware sellers are earning more than six figures yearly, sometimes even more than legitimate software companies. It's no surprise, however that the report points to technologies such as Bitcoin and the Tor network as being two of the most important enablers in this ransomware explosion, besides making it much more difficult for law enforcement agencies to, well, enforce the perpetrators.
To our Forum Dwellers: this piece is marked as an Editorial
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Apr 23rd, 2024 03:15 EDT change timezone

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