June 19, 2025 By Kaaviya
Qilin ransomware has rapidly ascended to become the world’s most prevalent ransomware threat, accumulating over $50 million in ransom payments throughout 2024 alone.
Originally developed as ‘Agent’ in 2022 and later recorded in the Rust programming language, this sophisticated malware has evolved into a formidable weapon targeting critical infrastructure across more than 25 countries.
Qilin Ransomware Emergence
Qilin gained significant traction by late 2023 through targeted attacks on VMware ESXi infrastructure, establishing itself as a dominant force in the cybercriminal ecosystem.
Named after the mythical Chinese creature symbolizing power and prosperity, the ransomware has been linked to threat actors, including Scattered Spiders and entities associated with North Korea.
