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The Trade Secret: Firms That Promised High-Tech Ransomware Solutions Almost Always Just Pay the Hackers

The Trade Secret: Firms That Promised High-Tech Ransomware Solutions Almost Always Just Pay the Hackers (Trends, Reports, Analysis)

“So the question is, is every time that we get hit by SamSam, and every time we facilitate a payment — and here’s where it gets really dicey — does that mean we are technically funding terrorism?” Proven Data promised to help ransomware victims by unlocking their data with the “latest technology,” according to company emails and former clients. Tracing Ransom Payments From Proven Data to Iran Although bitcoin transactions are intended to be anonymous and difficult to track, ProPublica was able to trace four payments from New York-based Proven Data Recovery to the SamSam ransomware attackers in Iran. Siegel refers to a handful of firms globally, including Proven Data and MonsterCloud, as “ransomware payment mills.” They “demonstrate how easily intermediaries can prey on the emotions of a ransomware victim” by advertising “guaranteed decryption without having to pay the hacker,” he said in a blog post.

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