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.

Altcoin Watch
XMR’s bearish setup comes as Monero prepares to launch the testnet version of its hard fork this month.
Monero avoids crypto market rout, but XMR price still risks 20% drop by June
Yashu Gola
2022-05-09T11:30:17+01:00
2827
Analysis
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 syst...
Blockchain and crypto can be a boon for tracking financial crimes
Prashant Jha
2022-04-28T15:40:00+01:00
2326
News
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...
AUSTRAC releases 2 new guides to help spot illicit crypto use
Brian Quarmby
2022-04-21T05:22:59+01:00
2039
News
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.
Monero’s crypto of choice as ransomware ‘double extortion’ attacks increase 500%
Martin Young
2022-04-20T04:51:47+01:00
6952
Analysis
Infrastructure firms will now have to report within 24 hours if they make a ransomware payment. “This surely will be a game changer.”
Skewed data: How could a new US law boost blockchain analysis?
Andrew Singer
2022-04-01T16:01:00+01:00
2598
Opinion
Ransomware will remain a major threat moving into 2022, and to counter it, the crypto ecosystem must come to terms with more regulation.
Want to weed out ransomware? Regulate crypto exchanges
Lior Lamesh
2022-02-20T05:12:00+00:00
4203
News
Russian hackers allegedly netted a profit of more than $400 million through crypto-ransomware in 2021.
Report: 74% of stolen funds from ransomware attacks went to Russian-affiliated wallet addresses in 2021
Zhiyuan Sun
2022-02-14T20:30:00+00:00
3242
News
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.
Ransomware crypto payments hit at least $602M last year: Chainalysis
Brian Newar
2022-02-11T03:30:11+00:00
1843

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