Ransomware Gangs Speaking Russian Generated $500 Million in Revenue in 2023
Publication Time:2024-08-02 20:38:05
A recent report highlights the dominant role of Russian-speaking cybercriminals in ransomware activities during 2023. These groups have employed ransomware for cryptocurrency attacks, yielding a total of $500 million, accounting for 69% of the overall revenue. The analysis, conducted by TRM Labs, a company specializing in threat and blockchain intelligence, unveils that Russian-speaking cybercriminals not only venture into the realm of ransomware but also actively engage in dark web markets and illegal cryptocurrency transactions, underscoring their significant influence.
Revenue
Ransomware
Russian-speaking threat actors
cryptocurrency attacks