ITPro: BlackMatter ransomware gang claims to have ceased operation
Despite shutting the operation, industry experts remain unconvinced it will spell the end of the group behind the ransomware, saying that a return under a different guise is likely.
“This is highly unlikely to be the end of the threat actors behind the BlackMatter group and this looks like a classic rebrand or splintering," Carl Wearn, head of e-crime at Mimecast said to IT Pro.
"Cyber criminals that are making this much money rarely give up, as the greed that drives them to commit the crimes in the first place rarely allows them to stop. Many criminal organisations claim to shut down in an attempt to reduce the heat, just to splinter, or return after a brief hiatus under a different name."