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SamSam Ransomware operators earned more than US$5.9 Million since late 2015

Samsam-ransomware-note

The security experts from Sophos have published a report on themultimillion-dollar black market business for crooks, they analyzed the SamSam ransomware case as a case study.

The researchers that have tracked Bitcoin addresses managed by the crime gang discovered that crooks behind the SamSam ransomware had extorted nearly $6 million from the victims since December 2015 when it appeared in the threat landscape.

“SamSam has earned its creator(s) more than US$5.9 Million since late 2015.
74% of the known victims are based in the United States. Other regions known to have
suffered attacks include Canada, the UK, and the Middle East.” reads the report published by Sophos.

“The largest ransom paid by an individual victim, so far, is valued at US$64,000, a
significantly large amount compared to most ransomware families.”

Sophos tracked the Bitcoin addresses reported in all the SamSam versions it has spotted and discovered that 233 victims paid an overall amount of $5.9 million, the...(continued)

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