![]() ![]() Connections to Evil Corp., a Russia-based cybercriminal organization, and attacks that avoided former Soviet countries also helped identify ransomware strains.įollowing ransomware attacks, most of the extorted funds - roughly 13% - went to services primarily catering to Russian users, the company said, citing blockchain analysis alongside web-traffic data. The firm said it generally tied specific ransomware strains to Russian cybercriminals using on one of three criteria, including the sharing of documents and announcements written in the Russian language. More than $400 million worth of cryptocurrency, or about 74% of ransomware revenue in 2021, went to entities "highly likely to be affiliated with Russia in some way," the blockchain analysis firm said in a blog post as part of its 2022 Crypto Crime Report preview. The firm said it's monitoring a number of cryptocurrency businesses operating in Moscow City, the capital city's financial district.Ĭybercriminals with links to Russia have set the pace for ransomware attacks, accounting for nearly three-quarters of revenue from such online extortion hacks last year, Chainalysis said in a report Monday.The attacks brought in more than $400 million in cryptocurrency last year. ![]() Cybercriminals with Russian links accounted for 74% of revenue from ransomware attacks in 2021, Chainalysis said Monday.
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