Follow the Money: How eCriminals Monetize Ransomware

From crowdstrike.com

The transaction details and monetization patterns of modern eCrime reveal critical insights for organizations defending against ransomware attacks.

Cybercrime has evolved over the past several years from simple “spray and pray” attacks to a sophisticated criminal ecosystem centered around highly effective monetization techniques that enable adversaries to maximize success and profitability.

Monetization is the step attackers take to receive a payout when an operation is complete. Threat actors are constantly evolving their methods through trial and error to avoid getting caught. A greater understanding of how this process works — including transaction details, value of recent compromises and participating adversaries — can help organizations fight modern threat actors.

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