Cybersecurity Today

The Ransomware Ecosystem: An Encore Holiday Episode

Dec 26, 2025
Tammy Harper, a Senior threat intelligence researcher at Flare.io and dark web investigator, delves into the intricate world of ransomware. She explains how ransomware-as-a-service works, detailing revenue sharing models and the role of initial access brokers. Tammy also covers modern extortion methods, including double and triple extortion tactics. Listeners will learn about the evolution of ransomware, the impact of WannaCry, and insights into notorious groups like Conti and LockBit, as well as the socio-economic factors driving cybercrime.
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INSIGHT

Marketing Drove LockBit Growth

  • LockBit used aggressive marketing and affiliate incentives to dominate pre‑2024.
ANECDOTE

Ransomware Manuals Trained Affiliates

  • Bastor Lord (NHA) published training manuals that sold for thousands and drove onboarding.
ADVICE

Follow Insurers And Use Negotiators

  • Involve experienced negotiators and follow insurer/legal guidance during ransom talks.
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