Ransomware attackers use malicious software to block access to data and demand ransom in return, oftentimes deploying the threat to make proprietary data public.
Eastern Europe Actively Using Crypto for Illicit Purposes: Chainalysis
A significant amount of cryptocurrency activities in the Eastern Europe is related to dark market and ransomware, according to a Chainalysis report.
Over $1M in Ryuk Ransomware Bitcoin Was ‘Cashed Out’ on Binance: Report
Researchers reportedly traced bitcoin sent as payments to Ryuk ransomware controllers and found a good portion passed through Binance.
NetWalker Ransomware Gang Is Storing $7M Bitcoin In SegWit Cold Storage
The organization that’s encrypting computers and extorting companies has taken to SegWit addresses, according to McAfee and CipherTrace
Travel Management Firm CWT Pays Out $4.5M in Bitcoin After Ransomware Attack
The U.S. firm paid out a ransom of 414 bitcoin after its corporate files were locked up in a ransomware attack.
Argentine Telecom Hackers Demanded $7.5 Million in Crypto as Ransom
Argentina’s leading telecommunications company fought off a cyberattack on Saturday where hackers demanded a hefty ransom in monero to release keys that would allow infected computers back into the system.
UCSF Hospital Paid $1.14M in Bitcoin After Ransomware Attack
Ransomware group Netwalker is believed to be behind the attack on UCSF which temporarily restricted access to the School of Medicine’s data.
Bitcoin’s Ransomware Problem Won’t Go Away
By the end of 2019, at least $128 million in bitcoin had been paid to ransomware hackers. That’s not good optics for a payment system.
British Court Freezes $860,000 in Bitcoin Linked to Ransomware Payout
A U.K. court has ordered Bitfinex to freeze nearly $1 million in bitcoin after the crypto exchange and blockchain sleuthing firm Chainalysis traced the funds to a ransomware payment.
New Ransomware Tactic: Pay Us or the World Sees Your Keys
A new malware technique makes a company’s files public if it refuses to pay ransom.
Crypto Extortion on the Rise, Says Academic Study
Hackers can make up to $130,000 a month for a $10,000 investment.
Emsisoft Releases Bug Fix for Bitcoin-Ransoming Malware WannaCryFake
Software-firm Emsisoft released a bug fix for the bitcoin-ransoming malware, WannaCryFake.
Study Finds Most Ransomware Solutions Just Pay Out Crypto
A study has found that most ransomware recovery services are actually just paying crypto ransoms to hackers.
Malware Crypto Ransoms Rose By Almost 90% in Q1: Report
The average payout for ransomware attacks rose dramatically in the first quarter of 2019 – largely due to one variant called Ryuk.
PayPal Wins Patent for Way to Defend Against Crypto Ransomware
Online payments giant PayPal has been awarded a patent for a technique that could detect a type of crypto malware and mitigate its effects.
Crypto Exchange WEX Linked to Iranian Ransomware Operators, Says PwC
Cryptocurrency exchange WEX, formerly called BTC-e, may have been used to launder illicit gains from the SamSam ransomware, according to PwC.
Court Sentences Bitcoin Ransomware Creators to Community Service
The developers behind the CoinVault and BitCryptor ransomware were sentenced to 240 hours of community service in a Dutch court on Thursday.
Mobiles Next? Kaspersky Warns on Rapid Spread of Malicious Crypto Miners
Kaspersky Lab says crypto-mining malware is quickly replacing ransomware, warning that mobiles could be the next big target.