So-called ransomware cartel is more of a partnership, say researchers
Four ransomware gangs working together in what they call a “cartel” is more of a dangerous partnership, according to a Virginia-based threat intelligence firm. In a report released Wednesday, Analyst1 noted that while each gang — dubbed Twisted Spider, Viking Spider, Wizard Spiker and Lockbit — claim they’re in a cartel, they don’t share profits. They can more accurately be described as “a collective of criminal gangs who, at times, work together in ransom operations,” the report noted, adding this actually makes them “far more dangerous” than if they were operating indepe...
Source: itworldcanada.com