NetWalker Collects Around $25M Ransom in Four Months
Crypto Guide
Live News
Bigrock [CPS] IN

NetWalker Collects Around $25M Ransom in Four Months

August 4, 2020      Vandana Malik

McAfee, the cybersecurity firm has recently revealed a report which talks about the ransomware attacks coordinated by Netwalker. Netwalker is a well-known malware used for ransomware which was started back in August 2019 and was initially known as Mailto. 

It has been specified that in 2020, this ransomware became one of the most profitable ones. It has been mentioned in the report that this ransomware firm collected around $25 million in just four months. The group behind the malware was able to acquire around 2,795 Bitcoin in just four months from March 01 to July 27. Along with all the details, it has also been revealed that this ransomware gang is a ransomware-as-a-service malware. 

NetWalker conducted huge attacks on public/private sector companies

McAfee’s report mentioned that NetWalker managed to siphon huge profits along with the help of other operators with whom it shares revenue. In the report, it has been mentioned that the operators of this ransomware have moved towards SegWit addresses. The reason is that SegWit is faster along with a lower cost. 

Brett Callow, an analyst has said NetWalker has conducted a lot of huge attacks on both public and private sector companies. Even though the report suggests the amount of ransom received at $25 million but it is not certain. 

Western European countries and the United States were on target

McAfee’s report stated that most of the attacks launched by NetWalker are from Western European countries and the United States. This gang has also announced that in the wake of the COVID-19 pandemic, they will not be targeting any hospitals. 

However, it doesn’t seem to withstand its statement because it has launched an attack on the Crozer-Keystone Health System on June 19. It was reported that soon after this attack, NetWalker has started an auction to release the stolen system data of the hospital.

Articles You May Read.

READ  TradeLens Onboards Major Turkish Terminal To Its Platform
#$25M Ransom #huge attacks #NetWalker #ransomware-as-a-service #SegWit addresses #Western European countrie
Vandana Malik
Vandana Malik

Vandana has received Master of Arts degree in English from GEU Dehradun. She is currently working as a content writer with Agio Support Solutions and earlier worked as a sub-news editor at Business News and Information Services Private Limited. She is an enthusiastic content writer and aims to bring a compelling yet informative content to the audience. Meanwhile, enhancing her own knowledge in the cryptocurrency and blockchain industry.