Russian hackers account for most 2021 ransomware schemes, US says

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WASHINGTON: Payment-seeking software made by Russian hackers was used in three quarters of all the ransomware schemes reported to a US financial crime agency in the second half of 2021, a Treasury Department analysis released on Tuesday (Nov 1) showed. In analysis issued in response to the increase in numb

WASHINGTON: Payment-seeking software made by Russian hackers was used in three quarters of all the ransomware schemes reported to a US financial crime agency in the second half of 2021, a Treasury Department analysis released on Tuesday showed.

Out of 793 ransomware incidents reported to FinCEN in the second half of 2021, 75 per cent"had a nexus to Russia, its proxies, or persons acting on its behalf", the report said. "We may approach the challenge of ransomware with a different lens - and in some cases, an entirely different set of tools - but we are all here because we know that ransomware remains a critical threat to victims across the globe and continues to be profitable for bad actors," Deputy Treasury Secretary Wally Adeyemo told the officials.

 

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