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Ransomware Evolves: Encrypting Out, Bug Bounty In [July 2022]
July 1, 2022, 12:08 a.m. | brooke.crothers
Security Boulevard securityboulevard.com
Ransomware Evolves: Encrypting Out, Bug Bounty In [July 2022]
brooke.crothers
Thu, 06/30/2022 - 17:08
- 13 views
Ransomware as a business
Ransomware attacks have proven to be enormously profitable for criminal organizations with victims paying more than $600 million in 2021, according to Chainalysis.
This is funding a rapid evolution of the criminal ransomware industry as seen most saliently in emergence of the Ransomware-as-a-Service (RaaS) business model, where affiliates pay for ransomware developed by operators to launch attacks.
“In Q1 …
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