![]() ![]() While some experts initially thought that meant the number of affected business could stretch into the tens of thousands, even 800 to 1,500 affected companies would still be one of the more significant ransomware attacks ever. Kaseya sells software to thousands of IT providers, which in turn often serve thousands of clients, meaning the company touches 800,000 to a million small businesses around the world. In a video posted to YouTube on Tuesday, chief executive Fred Voccola said the company shut down the compromised program within an hour of noticing the attack, potentially stopping the hackers from hitting more businesses.įour days after the attack was discovered, it’s still unclear exactly how damaging it was, especially since many businesses have been shut for the long weekend. Kaseya, which sells software to help other companies manage their computer networks, confirmed hackers broke into its system through a software vulnerability in its code. The post New open data project looks to gauge success, failure of ransomware policy appeared first on SC Media.The software company at the center of a major ransomware attack said Tuesday the hack affected between 800 and 1,500 small businesses, potentially making it the largest ransomware attack ever. ![]() “We will share content as long as it does not impinge on open law enforcement investigations,” said Samani. Until then, McAfee will be eager to help the effort. Ransomwhere would need to change tactics if ransomware groups widely adopted Monero, for example. One issue Cable foresees as the site grows is that blockchain analysis of this type is really only possible for cryptocurrencies like bitcoin and not those which do a better job protecting privacy. While that is the intended focus of the site, he believes Ransomwhere might provide enterprises with a greater awareness of the effects of paying ransom and contributing to that economy. “No one knows the real impact, so it’s hard to know if actions change that impact or not,” she wrote. “Any initiatives that provide transparency into the problem is to be applauded,” he said.Ĭable said his interest in creating the ransomware site was sparked by a tweet from Red Canary researcher Katie Nickels in early June lamenting the lack of data about ransomware and its impact on potential policy decisions. McAfee chief scientist Raj Samani says the company is optimistic about Ransomwhere’s potential. He is currently reaching out to ransomware negotiators, security vendors, and anyone else who sees wallet information in bulk. It’s heavily biased towards a trove of data provided by McAfee concerning the group NetWalker, which currently comprises around $30 million of the total data.īut the site is young, and Cable is reaching out to find new partners to beef up his archive of data. The $60 million Cable can currently track is not a representational sample. The blockchain analytics group Chainalysis pegs the yearly number at close to $350 million. The FBI, in the statistic it worried was wildly underreported, saw $29 million in transactions last year alone. But we need to actually know how well things are working and whether these actions are changing the game,” said Cable.īased on limitations in the amount of data Cable has been able to aggregate, the site currently tracks $60 million in ransomware transactions over the course of history. “People have proposed different ways of combating ransomware via economic means, whether that’s outright banning payments or other methods, such as Putin to get some of this under control. If the project goes well, Cable sees it as a means to evaluate the success of different ransomware prevention policies. ![]() Cable formally launched the site last week, based on publicly available wallet information, user wallet submissions and bulk information donations from researchers. In his spare time Cable’s working on Ransomwre, an open visualization website analyzing Bitcoin wallet transactions. ![]()
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