From The Register, November 30:
Assumed Conti offshoot averages 7 figures for each successful attack but may have issues with, er, 'closing deals'
The Black Basta ransomware group has reportedly generated upwards of $100 million in revenue since it started operations in April 2022.
Joint research from Corvus Insurance and blockchain analysis company Elliptic estimates the crew has scooped up at least $107 million in criminal proceeds after analyzing payments made to its known cryptocurrency wallet addresses.
Black Basta is believed to be a ransomware offshoot of the former Conti group, assembled before its closure in May 2022. The group is thought to be comprised, at least in part, of former Conti members and first emerged in April 2022.
Since Black Basta spun up, the research indicates that at least 90 of its total number of victims, which tops 300 to date, have paid the criminals' ransom demands....
....MUCH MORE
