Seriously Risky Business Newsletter
August 13, 2026
Srsly Risky Biz: Data Theft Extortion Is Booming! Hooray!
Presented by
Policy & Intelligence
The cybercriminal ecosystem is increasingly focussing on data theft and extortion rather than locking up victims' files. That criminals have stumbled across a new lucrative business model is a bittersweet win in the fight against disruptive, encrypting ransomware. Data theft extortion isn't great, but it doesn't leave widespread chaos in its wake like ransomware can.
Silent Ransom, aka Luna Moth, is one group currently making big bucks from data theft extortion. Last week The Cyber Risk Insurer reported two law firms had paid substantial ransoms to the group this year: Goodwin Procter and WilmerHale, which paid USD$10 million and $USD18 million respectively.
Silent Ransom has been targeting law firms since 2023. It historically used phishing and convinced victims to install legitimate remote access software which was then used to steal sensitive data. In the last year, however, they've brazenly sent people to compromise systems in person by posing as IT support staff.