Tag Archives: Ryuk

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...

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...

Ransomware extortionists get counter-offered to zero. | Source: ShutterstockWhen ransomware attackers targeted the city of New Bedford, Massachusetts, two months ago demanding $5.3 million in Bitcoin, they must have felt very confident when turning down a counter-offer of $400,000 that the city presented. That feeling probably turned to regret soon thereafter as it has now emerged that the U.S. city did not bid up.According to Mayor Jon Mitchel, instead of offering more, the city decided to...