A case study published for Ransom-ISAC by researcher Rakesh Krishnan says a U.S. government entity pays around $1 million to stop stolen files from being published. The report is based on a leaked negotiation chat and the blockchain record associated with the payment. In the communications and payment trail, the group that receives the money describes itself as “Kairos.” However, the case study notes that Kairos may not fit a conventional ransomware profile. Krishnan’s analysis reportedly finds no evidence that the group locked a single file, which would typically be central to ransomware operations. The sources describe the situation as an extortion-type negotiation where the payment is tied to preventing data exposure rather than to encrypting systems. While the case study draws conclusions from the available chat logs and transaction information, it does not provide additional, publicly confirmed details about the specific government unit involved or the full scope of the underlying theft beyond the claim that files were at risk of being leaked. The reporting focuses on what the leaked materials and blockchain evidence indicate about how the payment and negotiations occurred.
Case study: US government entity paid about $1M to group over stolen data extortion
A case study published for Ransom-ISAC by researcher Rakesh Krishnan says a U.S. government entity pays around $1 million to stop stolen files from being published. The report is based on a leaked neg...
- A Ransom-ISAC case study by Rakesh Krishnan says a U.S. government entity paid about $1 million.
- The case study is based on a leaked negotiation chat and the blockchain trail of the payment.
- The receiving group calls itself “Kairos.”
- The analysis says there is no indication Kairos locked any files, unlike typical ransomware behavior.
- The payment is presented as aimed at preventing stolen files from being published.
A US government entity paid around $1m to stop stolen files from being published, according to a case study by researcher Rakesh Krishnan for Ransom-ISAC. The analysis draws on a leaked negotiation chat and the blockchain trail the payment left behind. The group behind the deal calls itself Kairos, but it may not be a ransomware gang […] This story continues at The Next Web
4 hours agoA U.S. government entity paid about $1 million to keep stolen files from being leaked, according to a new case study by Rakesh Krishnan for Ransom-ISAC, built on a leaked negotiation chat and the blockchain trail the payment left. The odd part: the group that took the money calls itself Kairos, but it may not be a ransomware gang at all. Krishnan found no sign that it ever locked a single
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