RBTALKS3: Vitali Kremez on the impending downfall of the RaaS ecosystem

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Vitali Kremez, CEO of Advanced Intelligence, talks to Risky Business about the impending downfall of the Ransomware-as-a-Service ecosystem, as major ransomware gangs are slowly moving to corporate hack-steal-extort-or-leak schemes, with no encryption involved.

In this conversations, Vitali explains how the proliferation of backup solutions in recent years and the broad-spectrum sanctions imposed on Russia following its invasion of Ukraine have “negatively” impacted the ransomware landscape, where groups are having a hard time getting paid by companies that either have backups or don’t want to break sanctions by accident.

Show notes

Graff Diamonds Sues Insurance for Losses After Paying $7.5M Ransom to Hackers

Vitali's Twitter thread on the downfall of RaaS operations