Researchers claim to have found the largest ransomware-as-a-service (RaaS) ring to date. The operation generates an estimated $2.5 million annually and targets computer users with a new variant of the notorious Cerber ransomware.
According to a research report published today by Check Point Software Technologies and IntSights, the RaaS ring consists of 161 active campaigns with eight new campaigns launched daily. For the month of July, it’s estimated that criminals earned closed to $200,000 from victims paying approximately 1 bitcoin ($590) to decrypt files locked by the Cerber ransomware.
“These groups have become increasingly organized and shrewd about how to maintain infections, grow their enterprise, and evade detection,” said Maya Horowitz, threat intelligence group manager with Check Point.