Now a website to track down ransomware payments

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Ransomwhere, a dedicated website to track down ransomware payments, was launched by a security researcher named Jack Cable. The website will act as a dashboard that will keep a track of ransomware payments by strain and will also help security researchers conduct more analysis by presenting to them raw data that machine learning tools can easily analyze.

Mr. Cable, who worked as a security advisor to CISA, was seen reviewing the digital security arrangements for the 2020 elections. He had a vision to keep a check on where all ransomware payments were going and to which wallets.

So, Mr. Cable and his team worked on Ransomwhere that has so far $56 million payments so far.

According to a report, NetWalker ransomware distributing gang is dominating in launching the said malware attacks followed by REvil/Sodinokibi and then RagnarLocker that received the largest single payment in Bitcoins accounting to $14 million in 413 bitcoins.

Ransomwhere is urging victims to report any instances and to include a screenshot of the payment made for verification and has made the website an open source crowdsourced project.

The only disappointing point about this website is that it can only track down payments made in Bitcoins and will ignore other crypto currencies payments such as Monero as they are hard to track.

Hope, more such websites like these pop up in coming days as the Biden administration is thinking to wage a war on those spreading file encrypting malware. And has also brought up the matter to the notice of Putin administration stating Russia was acting like a safe heaven to many of the internationally recognized cyber crooks.

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Naveen Goud is a writer at Cybersecurity Insiders covering topics such as Mergers & Acquisitions, Startups, Cyber Attacks, Cloud Security and Mobile Security