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
The new bill, if passed, will allow cyber warfare operatives to take over control of critical infrastructure under attack.
Aussie cyber spies to control critical infrastructure during ransomware attacks
Inigo Vaca
2021-10-20T06:41:24+01:00
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News
Australian authorities will be able to seize or freeze cryptocurrencies linked to cybercrime under new legislation.
New Australian ransomware plan allows for seizure of crypto
Martin Young
2021-10-13T06:42:26+01:00
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News
“Following the flow of ransomware payments on the blockchain is instrumental for law enforcement to understand and dismantle ransomware operations,” said Chaina...
Chainalysis acquires cybercrime investigative firm Excygent in fight against ransomware attacks
Turner Wright
2021-10-06T20:45:00+01:00
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News
The Ransom Disclosure Act aims to help the Department of Homeland Security gather critical data on ransom payments in cryptocurrency and fiat.
US Senator Warren introduces bill to study crypto’s role in ransomware
Arijit Sarkar
2021-10-06T10:05:44+01:00
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Breaking news
The government agency hinted at possible additional sanctions for "financial institutions, cyber insurance firms, and companies involved in digital forensics an...
US Treasury Dept sanctions crypto OTC broker Suex for alleged role in facilitating transactions for ransomware attacks
Turner Wright
2021-09-21T17:30:00+01:00
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News
Senator Hassan wants federal agencies to take more action, while Senator Lummis is more concerned about innovation being stifled.
Senator lobbies agencies over the use of crypto in ransomware
Martin Young
2021-09-17T06:15:17+01:00
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News
The United States is offering crypto assets to incentivize white hat hackers to uncover state-sponsored actors and potential terrorists on the dark web.
US State Department offers up to $10 million in crypto rewards to white hat hackers
Martin Young
2021-08-17T04:47:26+01:00
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News
The IT firm denies that it paid a ransom to the Russian hacker group in exchange for the decryption tool.
Kaseya recovers data stolen in ransomware attack with mysterious decryption tool
Martin Young
2021-07-27T06:03:16+01:00
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