Hacker Group DarkSide Has Raked In Over $90 Million In Bitcoin Ransom Payments
Over the past two weeks, Colonial Pipeline has been battling a ransomware attack that crippled fuel flow to the eastern seaboard. This was supposedly not intended to be as catastrophic as it was, but the hacking group behind the attack, DarkSide, has quite a bit of experience in ransomware. The group has reportedly extracted approximately $90 million in Bitcoin from 47 different cryptocurrency wallets, with many more victims opting not to pay the ransom.
Ransomware is becoming a highly profitable business model for hackers, and even more so when “Ransomware as a Service” (RaaS) is implemented. DarkSide is an example of this model, wherein there is a ransomware developer who oversees the malware creation and an affiliate that oversees infecting the target. Any ransom payment made, generally using Bitcoin, is then split between the two with a predefined rate.
Hopefully, if this level of tracing can be done on cryptocurrency transactions, it will become easier to persecute those who attack companies with ransomware. This problem needs to be halted and tracking down and punishing those behind it is a surefire way to do it. Whatever ends up happening, let us know what you think of tracking down the hackers behind ransomware in the comments below.