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Cybercrime Evolution: BlackSuit Ransomware’s $500 Million Rampage
BlackSuit ransomware, the rebranded Royal ransomware, has extorted over $500 million from victims, including a massive IT outage affecting 15,000 car dealerships. The FBI and CISA confirm this cybercrime gang’s evolution and continued threat.
Hot Take:
Looks like Royal’s coronation was short-lived! Now the BlackSuit gang is here to take your money and your data, one encrypted file at a time. Oh, how the ransomware world loves a good makeover!
Key Points:
- Royal ransomware has rebranded to BlackSuit, demanding over $500 million from victims.
- BlackSuit is believed to be the successor of the Conti cybercrime syndicate.
- The gang has targeted over 350 organizations since September 2022.
- Ransom demands range from $1 million to $10 million, typically paid in Bitcoin.
- Recent attacks include a massive IT outage at CDK Global, affecting 15,000 car dealerships.
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