The blockchain analytics group Chainalysis pegs the yearly number at close to $350 million. The FBI, in the statistic it worried was wildly underreported, saw $29 million in transactions last year alone. But we need to actually know how well things are working and whether these actions are changing the game," said Cable.īased on limitations in the amount of data Cable has been able to aggregate, the site currently tracks $60 million in ransomware transactions over the course of history. "People have proposed different ways of combating ransomware via economic means, whether that's outright banning payments or other methods, such as Putin to get some of this under control.
If the project goes well, Cable sees it as a means to evaluate the success of different ransomware prevention policies. Cable formally launched the site last week, based on publicly available wallet information, user wallet submissions and bulk information donations from researchers. In his spare time Cable's working on Ransomwhere, an open visualization website analyzing Bitcoin wallet transactions. And without that, it can be hard to gauge the impact of whether what we're doing makes a difference," said Jack Cable, a Krebs Stamos Group researcher. "We don't have at least publicly comprehensive data sets for payments. That is unfortunate, as the information would be invaluable as researchers hope to get a handle on the scope of ransomware and what could be done to prevent further outbreaks. Various blockchain analysis groups have the means to compile ransomware statistics, but only for a price. The FBI notes in its annual IC3 report that ransomware is uniquely underreported, and its statistics can't really be trusted. The bureau noted in its annual IC3 report that ransomware is uniquely underreported (FBI) The FBI’s Cyber Division leads the nation’s efforts to investigate and prosecute internet crimes.
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