Security News > 2020 > October > REvil ransomware gang claims over $100 million profit in a year
REvil ransomware developers say that they made more than $100 million in one year by extorting large businesses across the world from various sectors.
Like almost all ransomware gangs today, REvil runs a ransomware-as-a-service operation.
"Most work is done by distributors and ransomware is just a tool, so they think that's a fair split," REvil representative, Unknown, told Russian OSINT. This means that the developers set the ransom amount, run the negotiations, and collect the money that is later split with affiliates.
REvil initially made its profit from victims paying the ransom to unlock encrypted files.
This ransomware syndicate is also referred to as Sodin or Sodinokibi but the name REvil is inspired by the Resident Evil movie and stands for Ransomware Evil.