Tracking DarkSide Ransomware Gang's Profits

BankInfoSecurity
Compliance
DougOlenick) •
May 18, 2021    
Ransom payment amounts generated by DarkSide ransomware (Source: Elliptic)
The DarkSide ransomware gang apparently collected over $90 million in ransom payments from about 47 victims, including Colonial Pipeline Co., since the gang began operating in August 2020, according to the blockchain analytics firm Elliptic, which says it analyzed bitcoin wallet activity.
Using the ransomware-as-a-service model, the DarkSide gang, which says it shut down operations as of May 13, provided malware to affiliates, who infect targeted computer systems and negotiate ransom payments. The DarkSide gang reportedly took a 25% share for ransoms less than $500,000, gradually decreasing to a 10% share for ransoms greater than $5 million, with the affiliates getting the remainder, writes Tom Robinson, Elliptic's co-founder and chief scientist, in a blog Tuesday.

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