hacker group

Even hackers are being laid off

Hackers and others who spread ransomware appear to be the newest tech sector employees navigating a difficult employment market, as hackers are the ones affected with Lay offs.

According to a Wall Street Journal report, the effect of ransomware attacks — in which hackers demand extortion payments from targets — has been dulled as US Department of Justice detectives and businesses shore up their supervision of cybersecurity threats.

According to cybersecurity organisations, the increased vigilance has resulted in a decrease in both the number of such online ransomware assaults that certain cybersecurity pros faced last year and the size of ransom payments that hackers were attempting to obtain for them.

According to the magazine, one hacker group dubbed Conti even laid off 45 call-center employees last year as part of an apparent plan to spread ransomware attacks after the contact centres failed to make money, citing an executive at Red Sense, an intelligence firm.

Ransomware breaches can be high-stakes, particularly when hackers extort targets for private information in order to exact payments.

In recent years, the FBI has indicated that it is increasing its enforcement of cybercrime. The agency established new internal organisations in 2021, including the National Cryptocurrency Enforcement Team and Ransomware and Digital Extortion Task Force.

According to the DOJ, such attempts have aided in the investigation and extradition of accused hackers to the United States. For example, federal officials announced last year that they had brought in a man arrested in Poland to testify before a federal judge. According to the agency, he used the Sodinokibi/REvil ransomware against businesses such as software company Kaseya.

In its July cybercrime report, the DOJ stated that it was investigating more than “100 versions of ransomware” and organisations “suspected of causing over $1 billion in losses to victims.”

According to the research and consulting company Gartner, countries are usually increasing their supervision of ransomware assaults and attempting to better protection laws.

According to a June study on predicted cybersecurity trends for the coming year, nearly a third of nation-states are likely to develop rules governing ransomware by 2025. According to the study, that number will be less than 1% by 2021.

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