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 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
642
Expert Take
Michele Korver’s appointment to the U.S. Financial Crimes Enforcement Network promises to reduce illicit financial practices within the crypto space.
DoJ’s crypto czar joins FinCEN in brand-new role: Why it matters
Selva Ozelli
2021-07-09T16:37:00+01:00
2407
Sponsored
A blockchain-based healthcare platform is ramping up security even further, ensuring that patient files sent over its infrastructure are only viewed by the righ...
New security feature aims to help hospitals ward off threat of ransomware
Chris Jones
2021-07-07T12:00:00+01:00
847
Expert Take
Any ransom payments made in cryptocurrency are taxed as property rather than currency, so be aware of the U.S. tax implications.
Are cryptocurrency ransom payments tax-deductible?
Selva Ozelli
2021-07-04T08:17:00+01:00
2607
News
Democratic Representative Bill Foster has called for legal power to identify wallet holders and reverse crypto transactions in instances of criminal behavior su...
Driving ‘purists beserk’: Co-chair of blockchain caucus wants to 'reverse' crypto transactions
Brian Quarmby
2021-06-30T02:14:05+01:00
6443
News
CNBC’s Jim Cramer has sold off almost all of his BTC holdings, predicting bearish fundamentals will suppress Bitcoin’s price for the foreseeable future.
CNBC host boldly reveals he sold his BTC amid depths of bear market
Brian Quarmby
2021-06-22T03:24:54+01:00
8564
News
Joe Biden said that the U.S. and Russia might have the beginnings of a "cybersecurity arrangement that begins to bring some order" within the next year.
Biden hints at possible cybersecurity arrangement with Russia over ransomware attacks
Turner Wright
2021-06-16T21:07:23+01:00
2928
News
The FBI may have access to a lot more BTC in hacking group’s addresses.
New analysis sheds light on DOJ Bitcoin seizure as JBS pays massive $11M ransom
Martin Young
2021-06-10T03:45:16+01:00
16620

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