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Related papers: Inside LockBit: Technical, Behavioral, and Financi…

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The LockBit 3.0 ransomware variant is arguably the most threatening of malware in recent times. With no regard for a victim's industry, the ransomware has undergone several evolutions to arrive at an adaptable and evasive variant which has…

Cryptography and Security · Computer Science 2023-08-11 Oladipupo Akinyemi , Rejwan Sulaiman , Nasr Abosata

Ransomware operations have evolved from relatively unsophisticated threat actors into highly coordinated cybercrime syndicates that regularly extort millions of dollars in a single attack. Despite dominating headlines and crippling…

Cryptography and Security · Computer Science 2023-04-25 Ian W. Gray , Jack Cable , Benjamin Brown , Vlad Cuiujuclu , Damon McCoy

Ransomware has become one of the most widespread threats, primarily due to its easy deployment and the accessibility to services that enable attackers to raise and obfuscate funds. This latter aspect has been significantly enhanced with the…

Cryptography and Security · Computer Science 2024-06-10 Francesco Zola , Mikel Gorricho , Jon Ander Medina , Lander Segurola , Raul Orduna-Urrutia

Proliferation of cryptocurrencies (e.g., Bitcoin) that allow pseudo-anonymous transactions, has made it easier for ransomware developers to demand ransom by encrypting sensitive user data. The recently revealed strikes of ransomware attacks…

Cryptography and Security · Computer Science 2019-06-20 Cuneyt Gurcan Akcora , Yitao Li , Yulia R. Gel , Murat Kantarcioglu

Bitcoin cryptocurrency system enables users to transact securely and pseudo-anonymously by using an arbitrary number of aliases (Bitcoin addresses). Cybercriminals exploit these characteristics to commit immutable and presumably untraceable…

Cryptography and Security · Computer Science 2018-11-27 Mauro Conti , Ankit Gangwal , Sushmita Ruj

Over the past three years, especially following WannaCry malware, ransomware has become one of the biggest concerns for private businesses, state, and local government agencies. According to Homeland Security statistics, 1.5 million…

Cryptography and Security · Computer Science 2020-03-18 Murat Ozer , Said Varlioglu , Bilal Gonen , Mehmet F. Bastug

In recent years, ransomware has been one of the most notorious malware targeting end users, governments, and business organizations. It has become a very profitable business for cybercriminals with revenues of millions of dollars, and a…

Cryptography and Security · Computer Science 2022-02-25 Harun Oz , Ahmet Aris , Albert Levi , A. Selcuk Uluagac

Crypto-ransomware has caused an unprecedented scope of impact in recent years with an evolving level of sophistication. An extensive range of studies have been on defending against ransomware and reviewing the efficacy of various…

Cryptography and Security · Computer Science 2024-11-19 Wenjia Song , Sanjula Karanam , Ya Xiao , Jingyuan Qi , Nathan Dautenhahn , Na Meng , Elena Ferrari , Danfeng , Yao

Ransomware can prevent a user from accessing a device and its files until a ransom is paid to the attacker, most frequently in Bitcoin. With over 500 known ransomware families, it has become one of the dominant cybercrime threats for law…

Cryptography and Security · Computer Science 2018-04-12 Masarah Paquet-Clouston , Bernhard Haslhofer , Benoit Dupont

We present an approach to identifying which ransomware adversaries are most likely to target specific entities, thereby assisting these entities in formulating better protection strategies. Ransomware poses a formidable cybersecurity threat…

Cryptography and Security · Computer Science 2025-02-10 Spencer Massengale , Philip Huff

Ransomware attacks continue to wreak havoc across the globe, with public reports of total ransomware payments topping billions of dollars annually. While the use of cryptocurrency presents an avenue to understand the tactics of ransomware…

Cryptography and Security · Computer Science 2024-08-29 Jack Cable , Ian W. Gray , Damon McCoy

Ransomware, a type of malicious software that encrypts a victim's files and only releases the cryptographic key once a ransom is paid, has emerged as a potentially devastating class of cybercrimes in the past few years. In this paper, we…

Cryptography and Security · Computer Science 2018-03-06 Florian Quinkert , Thorsten Holz , KSM Tozammel Hossain , Emilio Ferrara , Kristina Lerman

We present in this work an economic analysis of ransomware, with relevant data from Cryptolocker, CryptoWall, TeslaCrypt and other major strands. We include a detailed study of the impact that different price discrimination strategies can…

Cryptography and Security · Computer Science 2017-03-21 Julio Hernandez-Castro , Edward Cartwright , Anna Stepanova

The ransomware threat has loomed over our digital life since 1989. Criminals use this type of cyber attack to lock or encrypt victims' data, often coercing them to pay exorbitant amounts in ransom. The damage ransomware causes ranges from…

Cryptography and Security · Computer Science 2023-06-22 Kenan Begovic , Abdulaziz Al-Ali , Qutaibah Malluhi

In the banking industry, ransomware is a well-known threat, but since the beginning of 2022, cryptojacking, an emerging threat is posing a considerable challenge to the banking industry. Ransomware has variants, and the attackers keep…

Cryptography and Security · Computer Science 2023-11-28 Naresh Kshetri , Mir Mehedi Rahman , Sayed Abu Sayeed , Irin Sultana

The rise of ransomware attacks has necessitated the development of effective strategies for identifying and mitigating these threats. This research investigates the utilization of a feature selection algorithm for distinguishing…

Cryptography and Security · Computer Science 2024-02-08 Mike Nkongolo

Ransomware attacks have become a pervasive and costly form of cybercrime, causing tens of millions of dollars in losses as organizations increasingly pay ransoms to mitigate operational disruptions and financial risks. While prior research…

Computer Science and Game Theory · Computer Science 2025-08-25 Haohui Zhang , Sirui Shen , Xinyu Hu , Chenglu Jin

Cybercriminals often leverage Bitcoin for their illicit activities. In this work, we propose back-and-forth exploration, a novel automated Bitcoin transaction tracing technique to identify cybercrime financial relationships. Given seed…

Cryptography and Security · Computer Science 2022-10-19 Gibran Gomez , Pedro Moreno-Sanchez , Juan Caballero

Ransomware has grown to become one of the most damaging types of cybercrime, affecting private and public organizations in any sector. While early types of ransomware targeted many victims via automated attacks, ransomware groups have…

Cryptography and Security · Computer Science 2026-05-26 Lea Müller , York Yannikos

While recognized as a theoretical and practical concept for over 20 years, only now ransomware has taken centerstage as one of the most prevalent cybercrimes. Various reports demonstrate the enormous burden placed on companies, which have…

Cryptography and Security · Computer Science 2017-08-23 Aron Laszka , Sadegh Farhang , Jens Grossklags
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