Ransomware Hackers Team Up, Causing Major Company Chaos

Sophisticated ransomware hackers are paralyzing major companies like MGM Resorts, causing chaos and demanding huge ransoms.

A group of young, English-speaking hackers called Scattered Spider has teamed up with a notorious Russian ransomware gang, exponentially increasing the threat.

Scattered Spider uses social engineering to break into networks, then provides access to the Russians who deploy malware and handle extortion negotiations.

Ransomware attacks are becoming increasingly disruptive and lucrative, with over $1 billion in global losses per year.

Law enforcement has made some arrests but the Russia-based gangs operate with impunity, and the problem continues getting worse.