Embargo group generated $34M from ransomware attacks since April 2024, TRM Labs

Description

Ransomware group Embargo has been accused of moving more than $34 million in several crypto-linked payments since April 2024. According to blockchain intelligence firm TRM Labs, the group, which is still relatively new, has become a key player in the underground cybercrime world. TRM Labs revealed that Embargo operates under a ransomware-as-a-service model, hitting critical infrastructures across the United States. The report revealed that the group has hit hospitals and several pharmaceutical n...