Explore the rise of ransomware in this 22-minute Black Hat conference talk. Delve into the rapid growth of this cybercrime revenue source, its reliance on Bitcoin and Tor, and the methods used to track ransomware operations. Learn about the American faction, payment URLs, and the intricacies of ransom transactions. Discover how researchers measure revenue, utilize machine vision, and analyze market trends. Gain insights into victim behavior, money flow, and interesting facts about ransomware operations. Examine the turning point in ransomware evolution, server success rates, and the affiliate model. Understand domain generation techniques, telemetry, and the emergence of Ransomware as a Service. Presented by Elie Bursztein, Kylie McRoberts, and Luca Invernizzi, this talk offers a comprehensive end-to-end analysis of ransomware's impact on cybersecurity.