Explore the inner workings of a cyberattack, and understand its stages and techniques to strengthen cybersecurity defenses.
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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- News
SmokeLoader, RaccoonStealer (also known as RecordBreaker) and Vidar top the charts, according to BlackBerry’s list.
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Attackers of this kind are supposedly “big game hunting” large-scale organizations with deep pockets to extract ”the most money possible” out of these firms.
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The hack on Latitude Financial is Australia’s biggest cyberattack, with driver’s license numbers, passports and financial documents among the stolen information.
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While tens of millions worth of crypto were donated to Ukraine in the last year, pro-Kremlin groups have also leveraged digital currencies to buy military supplies and spread propaganda.
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Daleep Singh argues that crowding out cryptocurrencies by establishing a CBDC in the United States would protect the country's national interests.
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Since Russia’s invasion a year ago, there’s been $28.9 million in Ether donated to Ukraine, as well as $22.8 million in Bitcoin and $11.6 million in Tether.
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Since December 2022, the two malicious files — MortalKombat ransomware and Laplas Clipper malware — have been actively scouting the internet and stealing cryptocurrencies from unwary investors.
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While the Senator did not expand on other details of the upcoming bill, she suggested that DeFi should not be exempt from AML laws.
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To protect against crime in the metaverse, take precautions, such as using secure passwords, and report suspected criminal activities to law enforcement.
- Breaking news
The group is known to have targeted critical infrastructure, healthcare providers and more over the past two years.
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Anatoly Legkodymov, founder of China-based crypto firm Bitzlato, was arrested under suspicion of money laundering related to illicit Russian finance.
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A number of industry pundits believe the U.S. Office of Foreign Assets Control’s threat to impose sanctions has victims thinking twice about paying up.
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The cybersecurity firm predicted that crypto-related cybercrime won’t slow down in 2023, but it will move on from Bitcoin as a source of payment.
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According to Chainalysis data, Russia’s stablecoin usage has increased since the onset of the war, due partly to ordinary Russian citizens seeking to protect their assets.
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