Cerber ransomware earns $2.3mil with 0.3% response rate

/ Computerworld, CSO /
The fast-growing Cerber ransomware earned nearly $200,000 in July despite a payment rate of just 0.3 percent as a result of its affiliate distribution model, according to a new report by Check Point and IntSights Cyber Intelligence.

That puts it on track to make $2.3 million this year, said Maya Horowitz, group manager of threat intelligence at Israel-based Check Point Software Technologies Ltd..

In the affiliate model, non-technical customers can run their own campaigns using the platform and get to keep 60 percent of the profits. Affiliates get access to easy-to-use management tools, Cerber’s Bitcoin laundering system, as well as the ransomware itself. Each day, eight new Cerber ransomware campaigns are launched, she said, with over 150 affiliates at current count.

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Read full article at CSO magazine.

Article also reprinted in Computerworld.

About The Author

Maria Korolov is editor and publisher of Hypergrid Business. She has been a journalist for more than twenty years and has worked for the Chicago Tribune, Reuters, and Computerworld and has reported from over a dozen countries, including Russia and China.

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