Cybersecurity Firm McAfee and Crypto-Related Crimes

Cyber ​​security company McAfee

Crypto-related crimes can damage the reputation of cryptocurrencies. In addition, in some cases it is quite difficult to identify such crimes. Unfortunately, there is no shortage of crypto-related crimes worldwide.

A famous cyber security company, McAfee, published a study that contains many interesting details about the NetWalker ransomware that was previously known as Mailto. This ransomware was originally discovered in August 2019.

Based on information from the McAfee report, NetWalker operators have raised more than $ 25 million. Interestingly, NetWalker has raised millions of dollars from ransom payments since March 2020.

For example, the group collected around 2,795 Bitcoin from March 1 to July 27. NetWalker organized one of the most profitable types of ransomware for cybercriminals.

People should take into account that NetWalker is a "ransomware as service" malware.

Crypto-related crimes and key results

In addition, NetWalker operators used SegWit addresses instead of old Bitcoin addresses. This makes sense because SegWit addresses offer faster transaction times and lower costs. This step underlines the complexity of this problem.

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A few months ago, more precisely on March 20, contributions to the NewWalker actors were published in at least two Darknet forums. It is worth noting that NetWalker players of the ransomware have offered a revenue sharing system to help spread the malware and make it as profitable as possible.

NetWalker is responsible for numerous attacks on public and private organizations. In addition, it is not easy to determine the exact amount of money that ransomware groups have generated over the years. The $ 25 million figure is therefore almost certainly an underestimation.

Most of the NetWalker destinations were located in Western European countries and the United States.

This report once again shows that crypto-related crimes have the potential to cause many problems for law enforcement agencies. Thanks to McAfee, you can learn more about NetWalker.

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