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DarkSide seek Robin Hood-like image with ransomware attacks

DarkSide seek Robin Hood-like image with ransomware attacks
Emsisoft estimates cyberattacks cost between $5 billion and $20 billion
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An employee of Global Cyber Security Company Group-IB develops a computer code in an office in Moscow, Russia, Wednesday, Oct. 25, 2017. A new strain of malicious software has paralysed computers at a Ukrainian airport, the Ukrainian capital’s subway and . more >
By Ryan Lovelace
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The Washington Times
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Thursday, May 13, 2021
The first time many Americans heard of DarkSide a media-savvy outfit of cyber villains who are attempting to cultivate a Robin Hood-like heroic outlaw image was when it hacked Colonial Pipeline, which led to disrupted gasoline supply on the East Coast. ....

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$21 Million in New 2020 Ransomware Payments were Made According to Chainalysis Review of Uncovered Crypto Addresses

$21 million in new 2020 ransomware payments were made according to Chainalysis review of uncovered crypto addresses. ....

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US and Bulgarian authorities disrupt NetWalker ransomware operation

Authorities seize dark web domains, charge a Canadian, and seize $454,000 in cryptocurrency. ....

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Ransomware – A Pandemic In The Dark Web Signals A Need To Vaccinate Your Compliance Program | Vinson & Elkins LLP

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Two weeks ago, the Department of Justice (“DOJ”) announced two significant enforcement actions and shut down NetWalker and Emotet, powerful tools that had been used by alleged criminal networks engaging in widespread ransomware extortion schemes. These efforts highlight law enforcement’s focus on ransomware attacks and the growing cybersecurity risks faced by companies of all sizes, and they also demonstrate the increasing need for companies to design and implement effective incident response plans and cybersecurity programs before a problem surfaces. In addition, law enforcement and regulators are now pressuring financial institutions, cyber insurance companies, digital forensic agencies, and other entities involved in ransomware responses to report ransomware payments when they are found, and companies now face higher premiums and shoulder more risk as ransomware attacks escalate. ....

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Department of Justice Launches Global Action Against NetWalker Ransomware

Department of Justice Launches Global Action Against NetWalker Ransomware
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Written by IVN
Washington, DC - The Department of Justice Wednesday announced a coordinated international law enforcement action to disrupt a sophisticated form of ransomware known as NetWalker.
NetWalker ransomware has impacted numerous victims, including companies, municipalities, hospitals, law enforcement, emergency services, school districts, colleges, and universities. Attacks have specifically targeted the healthcare sector during the COVID-19 pandemic, taking advantage of the global crisis to extort victims.
“We are striking back against the growing threat of ransomware by not only bringing criminal charges against the responsible actors, but also disrupting criminal online infrastructure and, wherever possible, recovering ransom payments extorted from victims,” said Acting Assistant Attorney General Nicholas L. McQuaid of the Justice Depart ....

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