ransom payments

A Ransomware Firm Promised Not To Pay Hackers. Prosecutors Say It Paid Them And Marked Up The Bill.

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Cyber Insurance News story on a ransomware recovery firm fraud case showing a glowing digital key beside an invoice on a dark desk

Federal prosecutors have charged the owner of MonsterCloud with wire fraud. The Florida ransomware recovery firm sold victims an alternative to paying criminals. Prosecutors say it paid the criminals and billed clients far more. ProPublica flagged the practice in 2019. A ransomware recovery firm told victims they would not have to pay. It paid anyway … Read more

Ransomware Victim Counts Held Flat. The Stolen Data Didn’t.

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Cyber Insurance News story on ransomware data exfiltration showing a server rack with every drive bay empty

Ransomware leak sites listed 7,366 victims over the past year. That is 3% fewer than the year before. But… The data taken from those victims tells a different story. Among the 10 groups that leaked the most, combined exfiltration volume rose 275.8% to 896.2 terabytes. Several groups averaged more than a terabyte per victim. Those … Read more

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