US affords $15M for information on Conti ransomware

by Cryptospacey

The united statesDepartment of State set two separate bounties for data on the Conti ransomware organized crime group totaling $15 million.

Any data that helps establish or find the Conti group leaders can be awarded as much as $10 million. Moreover, $5 million can be awarded for any data that results in the arrest of people conspiring with the Conti group.

The rewards are provided below the Division of State’s Transnational Organized Crime Rewards Program (TOCRP) and could be claimed from any nation.

Ransomware assaults

Ransomware is a kind of malware that threatens to delete or publish personal data until a ransom is paid.

Total value received by ransomware attacks between the years 2016-2021 (via Chainalysis)
Whole worth acquired by ransomware assaults between the years 2016-2021 (through Chainalysis)

Ransomware assaults peaked in 2020 by reaching $692 million in whole worth, in line with Chainalysis. The whole quantity paid in ransom remained over $600 million as of 2021. Nevertheless, the slight decline in confiscated whole worth doesn’t imply that the risk can also be degrading. 

The report states:

“Regardless of these numbers, anecdotal proof, plus the truth that ransomware income within the first half of 2021 exceeded that of the primary half of 2020, suggests to us that 2021 will finally be revealed to have been a fair greater 12 months for ransomware.”

Top 10 ransomware revenue strains (via Chainalysis)
Prime 10 ransomware income strains (through Chainalysis)

The identical report breaks down the highest 10 ransomware strains by income, the place Conti takes the primary place by extorting a minimum of $180 million from its victims in 2021. 

Conti ransomware

It’s estimated that the Conti ransomware group has been energetic for over two years and has round 350 members. It was in a position to accumulate over $2.7 billion in ransom since 2020.

Based on data leaked from Conti, the group makes use of proprietary in-house software program that’s a lot quicker than different most ransomware packages. All variations of Microsoft Home windows are liable to their assaults. 

On 21 April 2022, the group attacked the Authorities of Costa Rica and focused a minimum of 5 authorities businesses, together with the Ministries of Finance, Science, and Expertise. Conti demanded a $10 million ransom and began leaking sure data for not receiving it. 

Specialists from Cyberint, who analyzed Conti debunked beforehand confiscated in-group messages written in Russian and found that the group adopted a well-managed organizational construction.

Conti's organizational structure (via Cyberint)
Conti’s organizational construction (through Cyberint)

The messages additionally confirmed that the group had bodily places of work in Russia, ran efficiency evaluations, and even named an “worker of the month.”

Lotem Finkelstein, the pinnacle of risk intelligence at Verify Level Software program Applied sciences, acknowledged:

“Our … assumption is that such an enormous group, with bodily places of work and massive income wouldn’t be capable to act in Russia with out the total approval, and even some cooperation, with Russian intelligence companies.”

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