Q2 Ransom Payment Amounts Decline as Ransomware becomes a National Security Priority
Seen on Coveware:
If you had told us at the beginning of 2021 that then President elect Biden would be having a nose to nose face off with Putin over ransomware, we would have speculated that some serious escalation must have occurred. In reality, the lackadaisical indifference of one threat actor (DarkSide) set off a compounding series of events that have led us to where we are today. Given the volume of attacks that Ransomware-as-a-service (RaaS) groups conduct, and the de minimis diligence that these groups perform, we are quite certain that the DarkSide affiliate that attacked Colonial Pipeline, had no idea that a) Colonial controlled 45% of the gasoline supply on the US east coast, b) that shutting down that pipeline would cause a consumer run on gasoline, c) that NOTHING gets voters and their duly elected representatives out of their chairs like rising gasoline prices, and finally d) that if you mess with US gasoline prices, you are going to get the attention of the President. Other high profile attacks that would have otherwise garnered 12 hours of media attention were (FINALLY) codified proof that the US indeed has a major problem with ransomware.
But what does that have to do with ransomware payments declining, you ask? Read more on Coveware.