Last month, GandCrab's developers publicly disclosed that they were retiring after raking in roughly $2 billion in extortion payments. But this announcement may have been misleading at best, according to security researcher Brian Krebs, who says in a July 15 blog post that GandCrab's developers may have merely reorganized.
"My guess is the GandCrab team has not retired, and has simply regrouped and re-branded due to the significant amount of attention from security researchers and law enforcement investigators," Krebs states in his report. "It seems highly unlikely that such a successful group of cybercriminals would just walk away from such an insanely profitable enterprise."
Please register to continue.
Already registered? Log in.
Once you register, you'll receive:
The context and insight you need to stay abreast of the most important developments in cybersecurity. CISO and practitioner perspectives; strategy and tactics; solutions and innovation; policy and regulation.
Unlimited access to nearly 20 years of SC Media industry analysis and news-you-can-use.
SC Media’s essential morning briefing for cybersecurity professionals.
One-click access to our extensive program of virtual events, with convenient calendar reminders and ability to earn CISSP credits.