Showing the Receipts: Understanding the Modern Ransomware Ecosystem

Fuente: arXiv
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Autores principales: Cable, Jack, Gray, Ian W., McCoy, Damon
Formato: Preprint
Publicado: 2024
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author Cable, Jack
Gray, Ian W.
McCoy, Damon
author_facet Cable, Jack
Gray, Ian W.
McCoy, Damon
contents Ransomware attacks continue to wreak havoc across the globe, with public reports of total ransomware payments topping billions of dollars annually. While the use of cryptocurrency presents an avenue to understand the tactics of ransomware actors, to date published research has been constrained by relatively limited public datasets of ransomware payments. We present novel techniques to identify ransomware payments with low false positives, classifying nearly \$700 million in previously-unreported ransomware payments. We publish the largest public dataset of over \$900 million in ransomware payments -- several times larger than any existing public dataset. We then leverage this expanded dataset to present an analysis focused on understanding the activities of ransomware groups over time. This provides unique insights into ransomware behavior and a corpus for future study of ransomware cybercriminal activity.
format Preprint
id arxiv_https___arxiv_org_abs_2408_15420
institution arXiv
publishDate 2024
record_format arxiv
spellingShingle Showing the Receipts: Understanding the Modern Ransomware Ecosystem
Cable, Jack
Gray, Ian W.
McCoy, Damon
Cryptography and Security
Ransomware attacks continue to wreak havoc across the globe, with public reports of total ransomware payments topping billions of dollars annually. While the use of cryptocurrency presents an avenue to understand the tactics of ransomware actors, to date published research has been constrained by relatively limited public datasets of ransomware payments. We present novel techniques to identify ransomware payments with low false positives, classifying nearly \$700 million in previously-unreported ransomware payments. We publish the largest public dataset of over \$900 million in ransomware payments -- several times larger than any existing public dataset. We then leverage this expanded dataset to present an analysis focused on understanding the activities of ransomware groups over time. This provides unique insights into ransomware behavior and a corpus for future study of ransomware cybercriminal activity.
title Showing the Receipts: Understanding the Modern Ransomware Ecosystem
topic Cryptography and Security
url https://arxiv.org/abs/2408.15420