by: xpoolPosted on:

Embargo Ransomware Group Earns $34 Million Since April 2024

The ransomware group Embargo has amassed over $34 million in illicit proceeds since April 2024, according to blockchain intelligence firm TRM Labs. This emerging threat actor is gaining notoriety within the underground cybercrime landscape due to its use of a ‘ransomware-as-a-service’ model, targeting critical infrastructure across the United States. Hospitals and pharmaceutical networks have been among Embargo’s victims, with ransom demands exceeding $1.3 million in some cases.

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