Tag Archives: Ransomware

Hackers pulled off a successful ransomware attack on COVID-19 researchers from the University of California in San Francisco and received 116 bitcoins.Now, recently surfaced transcripts reveal how the entire operation played out.Phase One: The HackAlthough the name of the group was initially a mystery, the Bloomberg report said that the organization had a history of targeting health-care entities. Later on, a group dubbed Netwalker claimed credit for executing the ransomware attack on the...

A corporate travel company has been forced to pay a massive bitcoin ransom to hackers that apparently took over its computer systems and encrypted its data. The company – known as CWT – is now nearly $5 million poorer, having paid approximately $4.5 million to get its information and network back.CWT Is the Latest Ransomware VictimAs many as 30,000 computers were taken over by unseen hijackers, who then proceeded to gain access to roughly two terabytes of unique data owned by the company. The...

According to experts, bitcoin ransomware attacks occur for one reason and one reason only… Because hackers love bitcoin.Bitcoin Ransomware Attacks: Will They Ever Stop?Members of the cybersecurity industry – such as Jason Ingalls, the founder and CEO of Ingalls Information Security – claim that there’s been a serious spike in bitcoin ransomware attacks over the past few years, and it’s happening strictly because hackers are looking to obtain BTC in the quickest and easiest way possible....

Bitcoin ransomware is on the rise.Ransomware Comes in a Big WayDuring the present COVID scare, many malicious actors have used the unstable environment to their advantage and sought new ways of garnering funds that they have no right to. There have been an increasing number of coronavirus-related scams meandering about, with many nasty individuals looking to sell fake masks or garner bitcoin donations for fake organizations claiming to be the World Health Organization (WHO) or the Red...

It’s happened again, folks. Another bitcoin ransomware attack has occurred, only this time, it appears the victimized company – in this case foreign exchange venture Travelex – had no other choice but to pay what the hackers were asking for.The Latest Bitcoin Ransomware Attack in the BooksThe event took place in early 2020, and executives have allegedly paid the hackers as many as 285 bitcoins as a means of getting their network and respective data back. It’s a scary thought that something so...

There are malicious actors and applications out there looking to take advantage of the fear and panic surrounding the coronavirus so they can get their hands on your bitcoin stash. The latest tool for this is a new coronavirus app for Android phones.New Coronavirus App Is DeadlyThe widespread panic has produced several products that seek to take advantage of what’s going on. Last week, Live Bitcoin News reported on the new Coronacoin that allowed users to bet on the number of deaths and virus...

Linus Neumann bei seinem Referat am Hackerkongress 36C3 Linus Neumann ist Informatiker und Sicherheitsexperte und einer der Sprecher des Chaos Computer Clubs (CCC) am Sonntag auf dem 36. Chaos Communication Congress (36C3) in Leipzig. Und da legt er ein spektakuläres Geständnis ab: Er sei auf eine plumpe PayPal-Phishing Attacke hereingefallen. Es kann also jedem passieren....

Linus Neumann bei seinem Referat am Hackerkongress 36C3 Linus Neumann ist Informatiker und Sicherheitsexperte und einer der Sprecher des Chaos Computer Clubs (CCC) am Sonntag auf dem 36. Chaos Communication Congress (36C3) in Leipzig. Und da legt er ein spektakuläres Geständnis ab: Er sei auf eine plumpe PayPal Phishing-Attacke hereingefallen. Es kann also jedem passieren,...

The city of New Orleans in Louisiana has declared a state of emergency after being hit with a massive ransomware attack.Ransomware Takes Out the Mardi Gras CityThe good news is that the city’s computer systems are still functional, and New Orleans is still alive and kicking. This can be attributed to fast action from city officials, who noticed a wide array of phishing attempts occurring last Friday. They quickly saw this as a sign that bigger things were about to come and shut down all...

The more prevalent bitcoin ransomware attacks become, the merrier it gets for insurance firms that offer cyber-liability insurance coverage. The City of Baltimore has become the latest example of this emerging trend. According to The Wall Street Journal, city officials on Wednesday authorized the purchase of cyber-liability insurance coverage worth $20 million. The Maryland city will be covered under two plans by two insurance firms – Chubb Insurance and AXA XL Insurance. Chubb Insurance...