Ransomware- your money or your files
The Europol Podcast
Europol
4.6 • 7 Ratings
🗓️ 3 October 2022
⏱️ 25 minutes
🧾️ Download transcript
Summary
In 2021, Europol’s experts worked with international law enforcement and a cybersecurity company to target one of the most notorious cybercrime groups, REvil. REvil used a ransomware-as-a-service business model to generate profits. We hear from one of Europol’s cybercrime specialists, a member of the Romanian Police and a cybersecurity engineer from Bitdefender on how law enforcement dealt with this cybercriminal network.
Transcript
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| 0:00.0 | Revell is one of the most known cybercrime organized groups that started their criminal activity with a Ransomers Service project. |
| 0:12.0 | They have coordinated and organized with the aim of recruiting affiliates and through their affiliates to infect compromise computer systems of large organizations. |
| 0:22.9 | When we first saw the Gun Krab Ransomware, it was something quite unique, something quite new at that time. |
| 0:31.4 | Welcome to the Europol podcast, the official podcast of the EU Agency for Law Enforcement Cooperation. |
| 0:39.0 | In this series, we shine a light on some of the biggest operations Europol has supported |
| 0:43.7 | and how we continue to fight organised crime. |
| 0:51.0 | Ransomware, your money or your files. |
| 0:57.0 | Thank you. Ransomware, your money or your files. Cybercrime causes all kinds of havoc, from power outages to crippling financial losses. |
| 1:05.0 | It's a top priority for police forces in the European Union and for the investigators here at Europol as well. |
| 1:11.6 | But nowadays, it's not only the tech-savvy criminals that law enforcement needs to watch for. |
| 1:17.6 | Cybercrime services can now be purchased by paying a user fee, a rental fee, or a percentage of the criminal profits. |
| 1:25.6 | Cybercriminal networks offer tools such as malware, ransomware, and distributed denial of service, |
| 1:33.3 | or DDoS, attacks online, especially on the dark web. |
| 1:38.3 | This business model is known as crime as a service, and it makes criminal services easily available to anyone, lowering the level |
| 1:46.7 | of technical expertise previously required to perform specific activities. The crime as a service model |
| 1:53.3 | allows the developers and the affiliates to share the criminal profits. In this episode, we're going to |
| 1:59.3 | talk about a cybercriminal network called Revel, |
| 2:02.6 | and an operation that saw Europol and its partners take down several prolific affiliates |
| 2:07.5 | who were using Revel's services. Revel was a notorious ransomware group, and their |
| 2:15.7 | ransomware as a service business model was quite straightforward. |
| 2:19.7 | Step 1. Revel operators develop a type of malware called ransomware, which encrypts files |
| 2:26.0 | until a ransom is paid. Step 2. Revel's affiliates then pay to use the ransomware and |
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