Maze/Egregor ransomware cartel estimated to have made $75 million

Catalin Cimpanu reports:

The group behind the Maze and Egregor ransomware operations are believed to have earned at least $75 million worth of Bitcoin from ransom payments following intrusions at companies all over the world.

“We believe this figure to be much more significant, but we can only assess the publicly acknowledged ransom payments. Many victims never publicly report when they pay a ransom,” security firm Analyst1 said in a 58-page report [PDF] published this week.

Analyst1’s findings are in line with a similar report from blockchain analysis firm Chainalysis, which listed the Maze gang as the third most profitable ransomware operation —behind Ryuk and Doppelpaymer.

Read more on The Record. That Analyst1 report is well worth reading.

 

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