Black Basta ransomware made over $100 million from #shorts #ransomware #attacks #cybersecurity
The Russia-linked ransomware gang, Black Basta, has accumulated over $100 million in ransom payments from 90 or more victims since its emergence in April 2022. The group employs double extortion attacks, stealing sensitive data before deploying ransomware to encrypt systems. Victims are pressured to pay by the threat of data publication on Black Basta’s dark web leak site. Notably, at least 35% of known victims paid a ransom, with the largest payment being $9 million and an average of $1.2 million. Black Basta, emerging as a Ransomware-as-a-Service operation, is suspected to be a rebrand of the Conti group and has connections to the FIN7 hacking group. High-profile victims include the American Dental Association, Sobeys, Knauf, Yellow Pages Canada, Toronto Public Library, Capita, and ABB. The group’s sophisticated tactics and reluctance to recruit suggest experienced operators.
Ransomware
Extortion
Cybercrime
Affiliates
Double extortion
Dark web
Leak site
Threat group
Conti gang
Financially motivated
Carbanak
Sophistication
Prolific targeting
Initial access
Rebrand
Russian-speaking
High-profile victims
American Dental Association
Sobeys
Knauf
Yellow Pages Canada
Toronto Public Library
Capita
ABB
Technology outsourcing
Government contracts
Industrial automation
Financial gains
Department of Health and Human Services
Cyber threat groups
Record-low payments
Average ransom
Notorious
Data breaches
Security team
Financial operations
Cyber syndicate
Split
Operation shutdown
Experience
Nascent
Revenue
Stealthy operations
Global entities
Reluctance to recruit
Advertise
Yellow Pages Canada
Rheinmetall
Public disclosure
Payouts
International targets
Financial sector
Industrial targets
Technology sector
Global impact
Cybersecurity threats
Financial losses
Data security
Hacking tactics
Security breaches
Notoriety
Payout statistics
Profitable operations
Financial institutions
Criminal enterprise
Financial fraud
Cyber defenses
Revenue streams
Global operations
Underground economy
Criminal networks
Cyber threats
Targeted attacks
Financial impact
Payment negotiations
Cyber intelligence
Malicious activities
Hacking groups
Digital extortion
Cyber defenses
Criminal activities
Cybersecurity landscape
Financial sector
Digital crimes
Threat landscape
Cyber resilience
Security measures
Ransom notes
Cryptocurrency payments
Cybersecurity reports
Cyber investigations
Security vulnerabilities
Risk assessments
Incident response
Cyber insurance
Ransomware trends
Cyber threatscape
Criminal tactics
Financial security
Global cybersecurity
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