Latest Posts with ransomware tag

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An overview of Crypto crime in 2020

24 Feb 2021 4 minute read 9 comments fklivestolearn

Although Darknet markets revenue dominated, Ransomware & DeFi hacks were the bigger story that emerged last year 2020was a record-breaking year for cryptocurrencies, led by Bitcoin. Despite the COVID-19 pandemic wreaking havoc on the lives of people,...

Not Paying Ransomware is the Only Way We All Win

22 Feb 2021 1 minute read 9 comments Matthew Rosenquist

Ransomware is on the rise because cybercriminals are being rewarded. Those who are impacted have been paying the ransoms, thereby funding and encouraging attackers to expand and target others. The right path forward, to crush ransomware attacks, is...

Cautious Optimism and Grave Concerns as Intel Integrates Cybereason into Chips

27 Jan 2021 1 minute read 3 comments Matthew Rosenquist

Intel and Cybereason just announced that they are working to integrate Cybereason to collect data from hardware to software levels, with the goal of protecting users from ransomware. This is an opportunity for better cybersecurity, but also could be...

Is Paying Ransomware Now Illegal?

17 Oct 2020 1 minute read 3 comments Matthew Rosenquist

Security experts say don't pay ransomware, but now the U.S. Treasury Department is now declaring it illegal!  Every company on the Internet must deal with the threat and emerging regulations.  Ransomware continues to be a growing problem because vic...

Microsoft's New Tactics Disrupts Trickbot Ransomware

15 Oct 2020 1 minute read 3 comments Matthew Rosenquist

Microsoft and partners have taken down the Trickbot ransomware infrastructure. That is a temporary relief, as the cybercriminals will soon adapt. The bigger picture is how the Microsoft Digital Crimes Unit (DCU) has created a template and partnershi...

Chile, Argentina and Pakistan : Ransom of 750 BTC

12 Sep 2020 1 minute read 1 comment Gamma

Ransom of 750 BTC only for the Pakistan  It all started with an attack on the power plant, K-Electric, Pakistan's largest electricity producer attacked by ransomware. K-Electric is the only supplier to the city of Karachi which has 15 million inhabit...

How hackers made $1.14 millions worth in Bitcoin from a ransomware attack.

1 Jul 2020 1 minute read 0 comments alberdioni8406

In June 6, the University of California in San Francisco U.S registered an attack where hackers controlled computers from a research School of Medicine that is working in a vaccine for COVID-19 and to release they demanded $1,140.000. The cybercrimin...

The past two years have seen a surge in attacks from cryptocentric ransomware.

18 Jun 2020 6 minute read 0 comments PassionCryptodotcom

The past two years have seen a surge in attacks from cryptocentric ransomware. Not only do bad actors become more refined, but they facilitate access to other less sophisticated actors. Experts believe that crypto crime of this nature was particularl...

Report: Bitcoin ransomware ransom amounts increased by 300% since 2018

9 Jun 2020 1 minute read 0 comments Kluma

Over the past two years, cryptocurrency ransomware hackers have increased the average ransom amount by 200%. This is stated in the report of the company Crypsis Group. In 2019, the average buyback amounted to $ 115,123. The median amount has increase...

Three U.S. universities attacked by ransomware virus

7 Jun 2020 1 minute read 0 comments Kluma

A group of hackers called NetWalker attacked the networks of three American universities in order to infect the infrastructure with a cryptographic virus and extort ransom in bitcoins.   Attackers infiltrated the computer networks of the University...