Bitcoin continues to account for the lion’s share of crypto-denominated ransomware payments — 98% as compared with just 2% for privacy coins like dash and moner...
Ransomware News
Ransomware is a type of malicious software made for the extortion of money. In principle, the software works by blocking the whole computer system or access to a user’s data through file encryption and then demands a ransom from the victim. Ransomware attacks are mainly target large organizations, as they have a large amount of valuable information and are ready to pay for it. Currently, as cryptocurrency has become one of the most convenient and fastest ways of payment, a lot of companies buy digital currencies in order to escape quickly from a ransomware attack. Bitcoin has also become one of the most popular currencies that is demanded by extorters as payment because of its relative anonymity and speed of transactions.
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by Helen Partz
PayPal was granted a cybersecurity patent to prevent crypto ransomware hackers from locking up users’ files.
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by Ana Berman
Iranian Bitcoin hackers used the WEX exchange to launder Bitcoin acquired through ransomware, according to a PwC report.
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About $1.7 billion in cryptocurrency was obtained via illicit means in 2018, according to a newly published report.
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Researchers argue that the ransomware attacks thought to have earned hackers $3.7 million in BTC likely came from Russian cybercriminals.
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by Helen Partz
The U.S. Department of Treasury has sanctioned two Iranians allegedly involved in Bitcoin ransomware scheme SamSam.
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Companies are buying Bitcoin so they can quickly pay if their data is attacked by ransomware.
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by Jon Buck
Uber hacked in 2016 for mobile numbers, names - affected devices may still be at risk.
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by Jon Buck
SacRT hacked for 1 BTC - not a bad deal compared to Equifax and others.
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The third major Bitcoin ransomware attack this year is doing the rounds centered on Russia and Ukraine.
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As cryptocurrencies continue to rise, so will the associated crimes of corporate ransom and extortion.
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Equifax investors sold $18 mln in shares three days after its historic hack, the company has admitted.
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