The U.S. Department of Treasury has sanctioned two Iranians allegedly involved in Bitcoin ransomware scheme SamSam.
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.
- News
- News
Companies are buying Bitcoin so they can quickly pay if their data is attacked by ransomware.
-
by Jon Buck
Uber hacked in 2016 for mobile numbers, names - affected devices may still be at risk.
-
by Jon Buck
SacRT hacked for 1 BTC - not a bad deal compared to Equifax and others.
- Security
The third major Bitcoin ransomware attack this year is doing the rounds centered on Russia and Ukraine.
- Security
As cryptocurrencies continue to rise, so will the associated crimes of corporate ransom and extortion.
- Security
Equifax investors sold $18 mln in shares three days after its historic hack, the company has admitted.
- Food for Thought
by Iyke Aru
Compliance-as-a-service company, Coinfirm claims to know where over 66,000 Bitcoins were moved after the BTC-e hack.
Editor’s Choice
- Teen Bitcoin Millionaire Erik Finman Proclaims Bitcoin Is ‘Dead’ in the Long Term
- Ethereum Unique Addresses Break 50 Million, Active Wallet Number Keeps Dropping
- Hong Kong Stock Exchange Calls Alleged Bitmain IPO Hesitation ‘Rumors’
- Peter Thiel-Backed Electronic Brokerage Firm Tagomi Launches
- Bitcoin, Ripple, Ethereum, Stellar, EOS, Litecoin, Bitcoin Cash, Bitcoin SV, TRON, Cardano: Price Analysis, Dec. 17