U.S. markets close in 56 minutes
  • S&P 500

    4,420.58
    +17.92 (+0.41%)
     
  • Dow 30

    34,992.55
    +199.88 (+0.57%)
     
  • Nasdaq

    14,878.86
    +98.33 (+0.67%)
     
  • Russell 2000

    2,231.90
    +35.58 (+1.62%)
     
  • Crude Oil

    69.08
    +0.93 (+1.36%)
     
  • Gold

    1,803.20
    -7.30 (-0.40%)
     
  • Silver

    25.17
    -0.29 (-1.12%)
     
  • EUR/USD

    1.1839
    -0.0004 (-0.04%)
     
  • 10-Yr Bond

    1.2200
    +0.0360 (+3.04%)
     
  • GBP/USD

    1.3930
    +0.0046 (+0.33%)
     
  • USD/JPY

    109.7610
    +0.2930 (+0.27%)
     
  • BTC-USD

    40,887.64
    +1,365.29 (+3.45%)
     
  • CMC Crypto 200

    1,007.03
    +31.14 (+3.19%)
     
  • FTSE 100

    7,120.43
    -3.43 (-0.05%)
     
  • Nikkei 225

    27,728.12
    +144.04 (+0.52%)
     

"Ransomwhere" project tracks payment demands

·1 min read

A new project, Ransomwhere, aims to put a dollar figure on the profit-driven attacks that have become a headache for businesses, governments and non-profits around the globe.

Why it matters: While ransomware is clearly a growing problem, there hasn't been a good way to keep tabs on how much is being paid, and to whom.

Get market news worthy of your time with Axios Markets. Subscribe for free.

How it works: Ransomwhere is an "open, crowdsourced ransomware payment tracker" launched by Jack Cable, a former government cybersecurity expert who now works as a security architect for Krebs Stamos Group.

  • Anyone can enter a payment demand they have received, though people are required to submit a screenshot of the ransom note as one means of verifying the legitimacy of claims posted to Ransomwhere.

  • The site also keeps a running tally of bitcoin payments by taking advantage of the public nature of blockchain ledgers.

  • As of Sunday night, Ransomwhere had tracked just over $60 million in ransomware payments.

What they're saying: Cable told Axios that he launched Ransomwhere because no one was really tracking the total impact and it's hard to address what you can't measure.

  • "Without knowing the full details of ransomware economics, it's hard to tell if actions have an effect on criminal behavior," Cable said. "Knowing that bitcoin is entirely public, I started building Ransomwhere as a method to crowdsource information on ransomware payments."

Go deeper: Ransomware epidemic intensifies

Like this article? Get more from Axios and subscribe to Axios Markets for free.