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Photo: Paul Yeung/Bloomberg via Getty Images

A new project, Ransomwhere, aims to put a dollar figure on the profit-driven attacks that have become a headache for businesses, governments and non-profits around the globe.

Why it matters: While ransomware is clearly a growing problem, there hasn't been a good way to keep tabs on how much is being paid, and to whom.

How it works: Ransomwhere is an "open, crowdsourced ransomware payment tracker" launched by Jack Cable, a former government cybersecurity expert who now works as a security architect for Krebs Stamos Group.

  • Anyone can enter a payment demand they have received, though people are required to submit a screenshot of the ransom note as one means of verifying the legitimacy of claims posted to Ransomwhere.
  • The site also keeps a running tally of bitcoin payments by taking advantage of the public nature of blockchain ledgers.
  • As of Sunday night, Ransomwhere had tracked just over $60 million in ransomware payments.

What they're saying: Cable told Axios that he launched Ransomwhere because no one was really tracking the total impact and it's hard to address what you can't measure.

  • "Without knowing the full details of ransomware economics, it's hard to tell if actions have an effect on criminal behavior," Cable said. "Knowing that bitcoin is entirely public, I started building Ransomwhere as a method to crowdsource information on ransomware payments."

Go deeper: Ransomware epidemic intensifies

Go deeper

Dan Primack, author of Pro Rata
52 mins ago - Economy & Business

The great venture capital resignation

Illustration: Rae Cook/Axios

A growing number of top VCs are calling it quits, long before typical retirement age.

Between the lines: Generational turnover isn't new for venture capital, but in the past it's been born of lean times. What we're seeing now is the byproduct of unprecedented success.

Top economic regulators stressed by vacancies

Illustration: Annelise Capossela/Axios

The boom times are all around us (from corporate deal sprees to the breakneck rise of cryptocurrency) — and the agencies in charge are stretched thin trying to police it.

Why it matters: Overwhelmed staff and a slew of vacant posts could set back President Biden's big regulatory agenda.

GOP Sen. Chuck Grassley announces run for re-election

Photo: Greg Nash/The Hill/Bloomberg via Getty Images

Sen. Chuck Grassley (R-Iowa), the longest-serving Senate Republican, announced on Friday that he's running for re-election in 2022.

Why it matters: The GOP is looking to regain control of both chambers of Congress in the upcoming midterm elections. Several Republicans had urged the 88-year-old senator to run to avoid another retirement after five incumbent senators said they wouldn't seek re-election.