Russian hackers 'are behind 75% of crypto ransomware'

Research: Ransomware hits a business every 40 seconds

Russian-speaking criminal gangs are responsible for over 75% of crypto ransomware, new research announced at RSA Conference 2017 claims.

A total 47 of the 62 new crypto ransomware families discovered by Kaspersky Lab in 2016 can be tied to Russian-speaking groups or individuals. This conclusion is reportedly based on "observation of underground forums, command and control infrastructure, and other artefacts".

"It is hard to draw strong conclusions on why so many of the ransomware families out there have a Russian origin," wrote senior malware analyst Anton Ivanov in a SecureList blog, "but it is safe to say that this is because there are a lot of well-educated and skilled code writers in Russia and its neighboring countries."

Ivanov also cited the fact that Russia has a strong history of ransomware, linking the current epidemic to a wave of attacks from 2009 to 2011, which blocked access to browsers and operating systems in exchange for a fee. "The epidemic withered for a number of reasons," he said, "but it seems that experienced ransomware criminals haven't disappeared".

Advertisement
Advertisement - Article continues below
Advertisement - Article continues below

Other statistics revealed as part of the research include the fact that in Q3 2016, an individual was hit with a ransomware attack every ten seconds while a business was attacked every 40 seconds. Furthermore, one in five SMBs who ponied up the cash for the ransom still did not get their data decrypted.

The news comes at a time when fears of Russian hackers are at an all-time high. Debate still rages over whether or not Putin ordered state-sponsored hacks during the US election, and President Donald Trump's top national security advisor, Michael Flynn, resigned just this morning over leaks showing he had held discussions with the Russian ambassador over sanctions, before allegedly trying to cover the discussions up, though Flynn said he had accidentally misinformed the president over the nature of his talks.

Featured Resources

What you need to know about migrating to SAP S/4HANA

Factors to assess how and when to begin migration

Download now

Your enterprise cloud solutions guide

Infrastructure designed to meet your company's IT needs for next-generation cloud applications

Download now

Testing for compliance just became easier

How you can use technology to ensure compliance in your organisation

Download now

Best practices for implementing security awareness training

How to develop a security awareness programme that will actually change behaviour

Download now
Advertisement

Recommended

Visit/security/29204/how-can-you-protect-your-business-from-crypto-ransomware
Security

How can you protect your business from crypto-ransomware?

4 Nov 2019
Visit/malware/33080/hackers-abuse-linkedin-dms-to-plant-malware
malware

Hackers abuse LinkedIn DMs to plant malware

25 Feb 2019
Visit/security/malware/28083/the-five-best-free-malware-removal-tools
Security

Best free malware removal tools 2019

23 Dec 2019
Visit/security/internet-security/354417/avast-and-avg-extensions-pulled-from-chrome
internet security

Avast and AVG extensions pulled from Chrome

19 Dec 2019

Most Popular

Visit/policy-legislation/data-governance/354496/brexit-security-talks-under-threat-after-uk-accused-of
data governance

Brexit security talks under threat after UK accused of illegally copying Schengen data

10 Jan 2020
Visit/microsoft-windows/32066/what-to-do-if-youre-still-running-windows-7
Microsoft Windows

What to do if you're still running Windows 7

14 Jan 2020
Visit/operating-systems/microsoft-windows/354526/memes-and-viking-funerals-the-internet-reacts-to-the
Microsoft Windows

Memes and Viking funerals: The internet reacts to the death of Windows 7

14 Jan 2020
Visit/operating-systems/25802/17-windows-10-problems-and-how-to-fix-them
operating systems

17 Windows 10 problems - and how to fix them

13 Jan 2020