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.

Breaking news
The group is known to have targeted critical infrastructure, healthcare providers and more over the past two years.
US Justice Department seizes website of prolific ransomware gang Hive
Zhiyuan Sun
2023-01-26T15:54:51+00:00
2130
Newsletter
Anatoly Legkodymov, founder of China-based crypto firm Bitzlato, was arrested under suspicion of money laundering related to illicit Russian finance.
Enforcement goes on with Bitzlato action: Law Decoded, Jan. 16–23
David Attlee
2023-01-23T11:29:01+00:00
5175
News
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.
Ransom refusals hit attackers where it hurts: 40% revenue drop in 2022 — Chainalysis
Brayden Lindrea
2023-01-20T05:10:18+00:00
4700
News
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.
Cybercrooks to ditch BTC as regulation and tracking improves: Kaspersky
Martin Young
2022-11-23T05:58:00+00:00
7705
News
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 th...
Russian stablecoin usage surged after Ukraine invasion: Report
Luke Huigsloot
2022-10-13T06:31:08+01:00
3629
News
The Office of Foreign Asset Control sanctioned 7 Bitcoin addresses allegedly connected to Iranian nationals Ahmad Khatibi Aghada and Amir Hossein Nikaeed Ravar.
US Treasury sanctions Iran-based ransomware group and associated Bitcoin addresses
Turner Wright
2022-09-14T18:15:00+01:00
1961
News
The FBI, along with two other federal agencies, CISA and MS-ISAC, asked U.S. citizens to report information that helps track the whereabouts of the hackers.
FBI seeks Bitcoin wallet information of ransomware attackers
Arijit Sarkar
2022-09-07T09:44:57+01:00
3401
News
Cryptojacking has become a lucrative choice for cybercriminals as many victims are unaware they have been compromised.
‘Cryptojacking’ rises 30% to record highs despite crypto slump: Report
Martin Young
2022-07-27T05:46:53+01:00
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