Ransomware gangs blackmail a billion dollars in revenue

- Occasional

- In cyberspace, malicious hackers leave no evidence

- Ransomware attackers harass people and extort them in crypto currencies abroad

- Ransomware gang blackmailing a billion dollars in revenue

Just as there are different gangs working for different types of robberies, gangs of criminals are active in the cyber world too. One gang of such cybercriminals is called Ransomware Gang. This ransomware gang 'earned' $567 million in 2022 and doubled that to $1.1 billion in 2023.

They don't have any factories or any account books. No one audits them, they don't take government aid or loans or file GST or Income Tax... still their business is going well. There is a dearth of cyber security experts to catch them.

Saying that no matter how smart a criminal is, he leaves some trail and in the long run he does not remain uncaught. Unfortunately, these hackers do not leave any evidence in cyberspace. So the cyber police are in a quagmire and can hardly reach the criminals. Ransomware gangs that stole 1.1 billion dollars in 2023 are also laying traps in 2024.

Despite many cyber security measures being taken and cyber security software installed on millions of computers, ransomware gangs are adopting new tricks to get viruses into people's computers. Not half as many new ideas are adopted by ransomware gangs as those involved in cyber security.

According to a report of 'Ransomware 2024', cybercriminals are working with special vigor in the context of Russia-Ukraine war. Ransomware gangs are so widespread that they can be compared to sleeper units of terrorism. Cyber ​​police are yet to figure out these gangs and catching them is a far cry.

Ransomware spreads in a variety of ways. It spreads easily through email, social networks and porn sites. Phishing technique becomes its medium. Ransomware can infiltrate computers for marketing emails, investment emails. Online gaming enthusiasts do not even know when they fall victim to ransomware.

Ransomware gangs and hackers can be active anytime. Ransomware was used in espionage work earlier during wars. Ransomware attackers blackmail people and extort money in crypto currencies abroad.

Also important here is that even those involved in cyber security cannot detect ransomware attacks in time. The subject of cyber security is taught in many colleges. The fact is that practical understanding rather than academic knowledge comes in handy in this field. That is why there is a shortage of experienced professionals with cyber security skills.

Cyber ​​security software experts also say that students or professionals who are taught academic knowledge of cyber security are not very useful in the real market, as hackers and ransomware criminals are one step ahead of them. He is very knowledgeable about internet technology.

Ransomware gangs have become more dangerous than expected. He blackmails many big companies. Companies that don't fall prey to them make money by selling their private information and double-digit transaction details to rival companies.

Ransomware gangs operate in four stages. People belonging to all four stages do not yet know each other. The gang blackmailing the victim is activated in the last phase. They extort money from the people caught in their trap.

Ransomware gangs have become very vicious. It is not possible to reach the main leader as the people of this gang are divided into different stages sitting in some corner of the world and trapping people.