Ransomware News

Cryptojacking has become a lucrative choice for cybercriminals as many victims are unaware they have been compromised.

The university reluctantly paid €200,000 in Bitcoin in December 2019 to avoid losing critical research data and resources.

A new report suggests that a notorious North Korea-affiliated hacking group may be behind last week’s $100 million Harmony attack.

While North Korea leads the world in crypto crime, crypto analytic firms have estimated that DPRK hackers have found it increasingly difficult to launder stolen crypto funds.

The firm said it was starting a "Crypto Incident Response" hotline to "help bring bad actors to justice and demonstrate that crypto is not the asset class of anonymity and crime.”

Three experts from the private sector appeared before the Senate committee Tuesday to talk about ransomware attacks and how to combat them.

XMR’s bearish setup comes as Monero prepares to launch the testnet version of its hard fork this month.

The notion of crypto being a tool for money laundering is often propagated by naysayers that include policymakers with a stake in the traditional financial system.

AUSTRAC also urged financial institutions from debanking clients who may be engaged in suspicious account activity, as a mistake could be costly to “Australia’s economy.”

A surge in ransomware in 2021 has also resulted in a surge in Monero usage as the method of payment, as more criminal groups want only XMR.

Infrastructure firms will now have to report within 24 hours if they make a ransomware payment. “This surely will be a game changer.”

Ransomware will remain a major threat moving into 2022, and to counter it, the crypto ecosystem must come to terms with more regulation.

Russian hackers allegedly netted a profit of more than $400 million through crypto-ransomware in 2021.

The total amount of value extracted through ransomware payments in 2021 is expected to rise above 2020 levels once all the data is sorted through.

“This will not be the last time — the U.S. government will continue to aggressively pursue the entire ransomware ecosystem and increase our nation’s resilience to cyber threats,” said Attorney General Merrick Garland.