Security Breach: The Growing (and Frightening) Complexity of Ransomware Groups

Tenable recently released their Ransomware Ecosystem white paper. So we sat down with Satnam Narang, a research engineer focused on security response at the company, to discuss some its findings, including:

  • The FBI estimates that between 2013 and 2019, ransomware groups collectively earned over $144 million. That number skyrocketed in in 2020 with these groups reportedly raking in $692 million collectively.
  • According to U.S. government data, the first half of 2021 saw ransomware payments reach just under $600 million in the first six months, which included a record amount of $40 million paid out by an insurance company. And you can probably guess that these reported amounts are a fraction of the true total being paid to ransomware attackers and groups.
  • Additional data is available by downloading the white paper here.

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