Black Basta’s Ransom Money Surpasses $100 million in Less Than Two Years

Researchers have discovered that since the Black Basta ransomware gang first surfaced early last year, victims of its double-extortion attacks have paid the gang more than $100 million.

With the haul, which included taking over $1 million from at least 17 victims and $9 million from one victim, the Russian-affiliated gang is now among the highest-ranking ransomware operators.

Blockchain analytics startup Elliptic and cyber insurance provider Corvus claimed in a joint research post published on November 29 that Black Basta had targeted at least 329 organisations and had received payments totaling at least $107 million from over 90 victims. The researchers said that based on the number of victims in the 2022–2023 period, the gang was the fourth most active strain of ransomware.

“It should be noted that these figures are a lower bound – there are likely to be other ransom payments made to Black Basta that our analysis is yet to identify – particularly relating to recent victims,” the researchers explained.

In June, the Cybersecurity and Infrastructure Security Agency (CISA) released a

[…]
Content was cut in order to protect the source.Please visit the source for the rest of the article.

This article has been indexed from CySecurity News – Latest Information Security and Hacking Incidents