As the site is crowdsourced, it incorporates data from self-reported incidents of ransomware attacks, which anyone can submit. The website keeps a running tally of ransoms paid out to cybercriminals in bitcoin, made possible thanks to the public record-keeping of transactions on the blockchain. “After seeing that there’s currently no single place for public data on ransomware payments, and given that it’s not hard to track bitcoin transactions, I started hacking it together.”
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“I was inspired to start Ransomwhere by Katie Nickels’s tweet that no one really knows the full impact of cybercrime, and especially ransomware,” Cable told TechCrunch. Cybersecurity and Infrastructure Agency (CISA), is looking to solve that problem with the launch of a crowdsourced ransom payments tracking website, Ransomwhere.
Jack Cable, a security architect at Krebs Stamos Group who previously worked for the U.S. However, while ransomware attacks continue to make headlines, it’s nearly impossible to understand their full impact, nor is it known whether taking certain decisions - such as paying the cybercriminals’ ransom demands - make a difference. In the last few months alone we’ve witnessed the attack on Colonial Pipeline that forced the company to shut down its systems - and the gasoline supply - to much of the eastern seaboard, the hack on meat supplier JBS that abruptly halted its slaughterhouse operations around the world, and just this month a supply chain attack on IT vendor Kaseya that saw hundreds of downstream victims locked out of their systems. These file-encrypting attacks have continued largely unabated this year, too.
Ransomware attacks, fueled by COVID-19 pandemic turbulence, have become a major money earner for cybercriminals, with the number of attacks rising in 2020.
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