October 20, 2019

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GandCrab Ransomware Backers Working on New Ransomware REvil

We previously reported that the criminals behind the GandCrab Ransomware were retiring, and that a patch was discovered and companies are urged to implement the patch [view related post].

Why would cybercriminals who bilked more than $2 billion from companies with GandCrab retire when they have the resources and the ability to continue to steal? Apparently they didn’t retire, and the FBI has warned companies to stay vigilant as it is believed that the backers of GandCrab have regrouped and launched a new ransomware dubbed REvil

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About this Author

Linn F. Freedman, Robinson Cole Law Firm, Cybersecurity and Litigation Law Attorney, Providence

Linn Freedman practices in data privacy and security law, cybersecurity, and complex litigation. She provides guidance on data privacy and cybersecurity compliance to a full range of public and private clients across all industries, such as construction, education, health care, insurance, manufacturing, real estate, utilities and critical infrastructure, marine, and charitable organizations. Linn is a member of the firm's Business Litigation Group and chairs its Data Privacy + Cybersecurity Team. She is also a member of the Financial Services Cyber-Compliance Team (CyFi ...