• Home
  • Cyber Crime
  • Cyber warfare
  • APT
  • Data Breach
  • Deep Web
  • Digital ID
  • Hacking
  • Hacktivism
  • Intelligence
  • Internet of Things
  • Laws and regulations
  • Malware
  • Mobile
  • Reports
  • Security
  • Social Networks
  • Terrorism
  • ICS-SCADA
  • POLICIES
  • Contact me
MUST READ

Microsoft uncovers macOS flaw allowing bypass TCC protections and exposing sensitive data

 | 

U.S. CISA adds Cisco ISE and PaperCut NG/MF flaws to its Known Exploited Vulnerabilities catalog

 | 

Critical WordPress Post SMTP plugin flaw exposes 200K+ sites to full takeover

 | 

Scattered Spider targets VMware ESXi in using social engineering

 | 

China-linked group Fire Ant exploits VMware and F5 flaws since early 2025

 | 

Allianz Life data breach exposed the data of most of its 1.4M customers

 | 

SECURITY AFFAIRS MALWARE NEWSLETTER ROUND 55

 | 

Security Affairs newsletter Round 534 by Pierluigi Paganini – INTERNATIONAL EDITION

 | 

Law enforcement operations seized BlackSuit ransomware gang’s darknet sites

 | 

Arizona woman sentenced for aiding North Korea in U.S. IT job fraud scheme

 | 

Operation CargoTalon targets Russia’s aerospace with EAGLET malware,

 | 

Unpatched flaw in EoL LG LNV5110R cameras lets hackers gain Admin access

 | 

Koske, a new AI-Generated Linux malware appears in the threat landscape

 | 

Mitel patches critical MiVoice MX-ONE Auth bypass flaw

 | 

Coyote malware is first-ever malware abusing Windows UI Automation

 | 

SonicWall fixed critical flaw in SMA 100 devices exploited in Overstep malware attacks

 | 

DSPM & AI Are Booming: $17.87B and $4.8T Markets by 2033

 | 

Stealth backdoor found in WordPress mu-Plugins folder

 | 

U.S. CISA adds CrushFTP, Google Chromium, and SysAid flaws to its Known Exploited Vulnerabilities catalog

 | 

U.S. CISA urges FCEB agencies to fix two Microsoft SharePoint flaws immediately and added them to its Known Exploited Vulnerabilities catalog

 | 
  • Home
  • Cyber Crime
  • Cyber warfare
  • APT
  • Data Breach
  • Deep Web
  • Digital ID
  • Hacking
  • Hacktivism
  • Intelligence
  • Internet of Things
  • Laws and regulations
  • Malware
  • Mobile
  • Reports
  • Security
  • Social Networks
  • Terrorism
  • ICS-SCADA
  • POLICIES
  • Contact me
  • Home
  • Breaking News
  • Cyber Crime
  • Malware
  • Security
  • Black Basta Ransomware gang accumulated at least $107 million in Bitcoin ransom payments since early 2022

Black Basta Ransomware gang accumulated at least $107 million in Bitcoin ransom payments since early 2022

Pierluigi Paganini December 01, 2023

The Black Basta ransomware gang infected over 300 victims accumulating ransom payments exceeding $100 million since early 2022.

The Black Basta ransomware group has been active since April 2022, like other ransomware operations, it implements a double-extortion attack model.  

A joint research by Elliptic and Corvus Insurance revealed that the group accumulated at least $107 million in Bitcoin ransom payments since early 2022. According to the experts, the ransomware gang has infected over 329 victims, including ABB, Capita, Dish Network, and Rheinmetall. 

The researchers analyzed blockchain transactions, they discovered a clear link between Black Basta and the Conti Group.

In 2022, the Conti gang discontinued its operations, coinciding with the emergence of the Black Basta group in the threat landscape.

The group mainly laundered the illicit funds through the Russian crypto exchange Garantex.

“Black Basta is a Russia-linked ransomware that emerged in early 2022. It has been used to attack more than 329 organizations globally and has grown to become the fourth-most active strain of ransomware by number of victims in 2022-2023.” reads the Elliptic’s report. “Our analysis suggests that Black Basta has received at least $107 million in ransom payments since early 2022, across more than 90 victims. The largest received ransom payment was $9 million, and at least 18 of the ransoms exceeded $1 million. The average ransom payment was $1.2 million.”

Black Basta ransomware

Most of the victims are in the manufacturing, engineering and construction, and retail sectors. 61,9% of the victims are in the US, 15.8% in Germany, and 5.9% in Canada.

Some of the victims’ ransom payments were sent by both Conti and Black Basta groups to gang behind the Qakbot malware.

In August, the FBI announced that the Qakbot botnet was dismantled as a result of an international law enforcement operation named Operation ‘Duck Hunt.’

Qakbot, also known as QBot, QuackBot and Pinkslipbot, is an info-stealing malware that has been active since 2008. The malware spreads via malspam campaigns, it inserts replies in active email threads.

Despite the law enforcement operation, the threat actors behind QakBot are still active, Cisco Talos warns.

According to the researchers, the threat actors behind the Qakbot bot have been conducting a campaign since early August 2023. The attacks aimed at distributing Ransom Knight ransomware and the Remcos RAT.

Approximately 10% of the Black Basta ransom amount was forwarded on to Qakbot, whike the group maintained 14% of ransom payments.

“These transactions indicate that approximately 10% of the ransom amount was forwarded on to Qakbot, in cases where they were involved in providing access to the victim.” concludes the victims.

“The Black Basta operator appears to take an average of 14% of ransom payments. This is a typical split seen in ransomware-as-a-service operations,” Elliptic says.

Follow me on Twitter: @securityaffairs and Facebook and Mastodon

Pierluigi Paganini

(SecurityAffairs – hacking, ransomware)


facebook linkedin twitter

Black Basta ransomware Conti Cybercrime Hacking hacking news information security news IT Information Security malware Pierluigi Paganini ransomware Security Affairs Security News

you might also like

Pierluigi Paganini July 29, 2025
Microsoft uncovers macOS flaw allowing bypass TCC protections and exposing sensitive data
Read more
Pierluigi Paganini July 28, 2025
U.S. CISA adds Cisco ISE and PaperCut NG/MF flaws to its Known Exploited Vulnerabilities catalog
Read more

leave a comment

newsletter

Subscribe to my email list and stay
up-to-date!

    recent articles

    Microsoft uncovers macOS flaw allowing bypass TCC protections and exposing sensitive data

    Hacking / July 29, 2025

    U.S. CISA adds Cisco ISE and PaperCut NG/MF flaws to its Known Exploited Vulnerabilities catalog

    Security / July 28, 2025

    Critical WordPress Post SMTP plugin flaw exposes 200K+ sites to full takeover

    Security / July 28, 2025

    Scattered Spider targets VMware ESXi in using social engineering

    Cyber Crime / July 28, 2025

    China-linked group Fire Ant exploits VMware and F5 flaws since early 2025

    Hacking / July 28, 2025

    To contact me write an email to:

    Pierluigi Paganini :
    pierluigi.paganini@securityaffairs.co

    LEARN MORE

    QUICK LINKS

    • Home
    • Cyber Crime
    • Cyber warfare
    • APT
    • Data Breach
    • Deep Web
    • Digital ID
    • Hacking
    • Hacktivism
    • Intelligence
    • Internet of Things
    • Laws and regulations
    • Malware
    • Mobile
    • Reports
    • Security
    • Social Networks
    • Terrorism
    • ICS-SCADA
    • POLICIES
    • Contact me

    Copyright@securityaffairs 2024

    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
    Cookie SettingsAccept All
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities...
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
    Non-necessary
    Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
    SAVE & ACCEPT