Tag Archives: Ransomware

The bitcoin spikes that have occurred over the past year have led to serious jumps in ransomware attacks according to new data from Barracuda Networks, a company that provides cybersecurity products and services. Barracuda Networks Sheds Light on BTC Ransomware Between October of last year and May of 2021, the price of bitcoin rose by nearly 400 percent. That is the good news. Obviously, there are many crypto traders that raked in some heavy profits, and several...

The United States Department of Justice said that it recovered over $2 million worth of bitcoin, which was the majority of the ransom paid by the U.S. oil pipeline giant Colonial Pipeline to cybercriminal group DarkSide. DoJ Recovers 63.7 BTC The DoJ made the announcement in a press release on Monday (June 7, 2021). According to it, the department retrieved 63.7 bitcoins, worth $2.1 million, at the time. The operation was undertaken by the Ransomware and Digital Extortion...

Elliptic (a British blockchain security & analytics company) successfully traced DarkSide’s primary Bitcoin address, which contained over $90M in payments from 47 different victims. Ransomware As a Service – a Twisted Model DarkSide designs, creates and markets ransomware software to be sold to other cybercriminals who are able to locate the best targets. This type of software has the ability to lock down an entire system, making files and features on it inaccessible...

The Taiwanese multinational hardware and electronics company, Acer, is purportedly the latest popular organization to fall victim to the notorious REvil ransomware attack. According to recent reports, the perpetrators have requested one of the largest demands so far of up to $100 million paid in the privacy cryptocurrency – Monero.Ransomware Attack on AcerHeadquartered in New Taipei City, Acer is among the world’s largest manufacturers of computer hardware and electronics with revenue of over...

Ransomware attacks are one of the most notorious examples of crypto-related criminal activities 2020, with targets ranging from city halls and universities to major industries such as Tesla. And this week, hackers claimed a new victim: The gaming giant Capcom. Capcom is the corporation behind major hits like Devil May Cry, Resident Evil, Megaman and Street Fighter. Capcom’s Data is Worth $11 Million in Bitcoin At the beginning of November 2020, Capcom issued a statement...

The trial of Alexander Vinnik – the man allegedly responsible for a ransomware system that stole more than $157 million – has begun in Paris.Vinnik Will Now Stand Before a JudgeThe story behind Vinnik and his capture is a strange one. Vinnik was initially part of a cryptocurrency exchange known as BTC-e, which at one point, was one of the world’s largest crypto trading companies.Throughout his time with the trading platform, he served as a technical programmer, though it is said that he...

A young man who works in the cybersecurity industry that’s considered excellent at what he does is now helping many companies and government agencies eliminate the threat of ransomware. His name is Alessandro Euro, and he’s only 16 years of age, yet many institutions – from Twitter, Robinhood, Capital One and others – are looking for his expertise to help get rid of this problem once and for all.Getting Ransomware Out of the WayRansomware has become a hugely popular method of gaining access...

We do not negotiate with terrorists… This is the bedrock principle of countries like the United States. We’ve heard these words uttered in several movies and even political briefings, and now the idea of staying vigilant in times of strife appears to be edging its way into the minds of several other nations, including Argentina.Argentina Doesn’t Want to Give Up Its BitcoinRecently, the South American country had a little problem with cyberhackers. The country’s national migration agency was...

Two significant NetWalker ransomware attacks have surfaced in the past week. After Argentina’s official immigration agency suffered a hack demanding $4 million in Bitcoin, a recent report revealed that Pakistan’s largest power producer was compromised. The perpetrators demand up to $7.7 million in BTC.$7.7M In BTC Demanded From Pakistan Power ProducerThe cybersecurity website Bleeping Computer reported earlier that the sole electricity provider for Karachi, Pakistan, namely K-Electric, has...

Crypto fraud, sadly, is running rampant throughout the digital space, and according to a new report, popular crypto exchange Binance – arguably the biggest cryptocurrency trading platform by daily volume – has seemingly been associated with a common form of ransomware known as Ryuk.Binance Is a Central Hub for Ryuk EnforcersRyuk has been around since 2018. Per data from the FBI, the ransomware may be responsible for a minimum of $61 million in theft since it first emerged roughly two years...