FinCEN representatives write that this number was obtained after analyzing 2,184 suspicious activity reports filed by US financial institutions over the past decade (from January 1, 2011 to June 30, 2021). While the reports initially identified $ 1.56 billion in suspicious activity, a subsequent study of the ten most common ransomware programs found additional transactions worth about $ 5.2 billion, attributable exclusively to these hack groups.
In total, FinCEN experts identified 177 CVC (“Convertible Virtual Currency”) wallet addresses that were used for payments related to encryptors.
Although the FinCEN report also contains data on fairly old attacks, most of the investigation focused on the first half of 2021 and analysis of the latest trends. The results of this analysis are the following:
Also, FinCEN analysts note several trends in the field of money laundering operations using ransomware. Among them:
Let me remind you that we also talked about the fact that The US government has warned agencies about cybersecurity risks for years.
Weaxor Virus Ransomware Weaxor mean a ransomware-type infection. Weaxor was elaborated particularly to encrypt all…
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