BlackByte ransomware group is in the news again courtesy of a joint cybersecurity alert from the US Federal Bureau of Investigation and US Secret Service.
Chris Olson, CEO at The Media Trust, lamented that the ransomware threat continued to grow despite countless resources–budgets, tools–acquired to defend against it.
“Despite the amount of news coverage devoted to ransomware attacks, no amount of awareness seems to stunt their growth,” Olson said. “Ransomware-as-a-service (RaaS) is the new mafia. As we are seeing with small players like BlackByte, as the cybercriminal underclass grows so will the black market for ransomware, malware, exploits, and sensitive data harvesting.”