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US gives $15M for information on Conti ransomware

US gives $15M for information on Conti ransomware thumbnail
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The U.S.Department of State set two separate bounties for info on the Conti ransomware organized crime group totaling $15 million.

Any info that helps determine or find the Conti group leaders shall be awarded as much as $10 million. Additionally, $5 million shall be awarded for any info that results in the arrest of people conspiring with the Conti group.

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

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

Total worth obtained by ransomware assaults between the years 2016-2021 (through Chainalysis)Ransomware assaults peaked in 2020 by reaching $692 million in complete worth, based on Chainalysis. The complete quantity paid in ransom remained over $600 million as of 2021. However, the slight decline in confiscated complete worth doesn’t imply that the menace can be degrading. 

The report states:

“Despite 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 good larger 12 months for ransomware.”

Top 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 at the very least $180 million from its victims in 2021. 

Conti ransomwareIt is estimated that the Conti ransomware group has been lively for over two years and has round 350 members. It was capable of acquire over $2.7 billion in ransom since 2020.

According to info leaked from Conti, the group makes use of proprietary in-house software program that’s a lot sooner than different most ransomware applications. All variations of Microsoft Windows are liable to their assaults. 

On 21 April 2022, the group attacked the Government of Costa Rica and focused at the very least 5 authorities companies, together with the Ministries of Finance, Science, and Technology. Conti demanded a $10 million ransom and began leaking sure info for not receiving it. 

🚨 #Conti’s newest replace on the cyberattack in opposition to Costa Rica’s Ministerio de Hacienda 🇨🇷…

“If the ministry can’t clarify to its tax payers what’s going on, we’ll do it 1) now we have penetrated their vital infrastructure, gained entry to about 800 servers, …” 👇 pic.twitter.com/wp2Y8UeGGN

— BetterCyber (@_bettercyber_) April 20, 2022

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 construction (through Cyberint)The messages additionally confirmed that the group had bodily places of work in Russia, ran efficiency critiques, and even named an “worker of the month.”

Lotem Finkelstein, the top of menace intelligence at Check Point Software Technologies, 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 providers.”

Zeynep Geylan Journalist at CryptonomieZeynep is an instructional who turned to crypto in 2018. Originating in social sciences, she is particularly within the social influence of blockchain and cryptocurrencies and strongly believes of their transmuting energy.

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