Researchers Expose Inner Workings of Billion-Dollar Wizard Spider Cybercrime Gang
May 18, 2022
The inner workings of a cybercriminal group known as the Wizard Spider have been exposed, shedding light on its organizational structure and motivations. "Most of Wizard Spider's efforts go into hacking European and U.S. businesses, with a special cracking tool used by some of their attackers to breach high-value targets," Swiss cybersecurity company PRODAFT said in a new report shared with The Hacker News. "Some of the money they get is put back into the project to develop new tools and talent." Wizard Spider, also known as Gold Blackburn, is believed to operate out of Russia and refers to a financially motivated threat actor that's been linked to the TrickBot botnet, a modular malware that was officially discontinued earlier this year in favor of improved malware such as BazarBackdoor. That's not all. The TrickBot operators have also extensively cooperated with Conti , another Russia-linked cybercrime group notorious for offering ransomware-a...
