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Much value in a brownfield Industrial Internet of Things (IIoT) implementation resides at its edge tier, where new types of devices and technologies are deployed to interoperate the legacy industrial control systems with servers and systems in the cloud, and leverage the benefits of the Internet of Things technologies. One of these novel devices is the IIoT edge gateway, which is used to connect critical physical systems with the cyber world, and to provide consistent storage, processing, and analytical and controlling capabilities. However, these devices also come with new and advanced threats such as targeted ransomware. In this paper, we investigate this threat in detail. We studied the threat actors' motivations, the anatomy of ransomware for edge gateways, and the likelihood of such ransomware attack to happen in the future. We found that threat actors find IIoT edge gateways attractive ransomware targets due to …