Archive | ransomware

The Role of Bitcoin in Crime: Ransomware

If there is one criminal trend related to Bitcoin that’s made a global impact, it has to be ransomware. This destructive type of malicious software has claimed thousands of victims across the world. It also highlights the potential of Bitcoin as a global payment method, albeit for nefarious purposes. The Ransomware Craze Is Still Alive […]

Australian Health Service Provider Asked to Pay $15,000 Bitcoin Ransom

Cyber attacks are a very big problem in day and age. In a lot of cases, such threats are designed to steal sensitive information from companies and service providers. Australia’s Family Planning NSW recently fell victim to such an attack which saw thousands of patients almost having their sensitive details exposed. The criminals demanded a… […]

Symantec’s “Internet Security Threat Report” Highlights Crypto’s Increased Use in Cyber Crime

Internet security firm Symantec has published their 23rd Internet Security Threat Report. The document identifies an increase in the incidents of cyber crime that involve cryptocurrency in some way. The most prominent examples are cryptojacking and ransomware attacks. More Cyber Criminals Using Cryptocurrency The report largely focuses on the following areas: cryptojacking, ransomware, targeted attacks, mobile […]

Hackers Target Atlanta Government Computers, Bitcoin Ransom Demanded

A group of hackers are demanding payment in Bitcoin to unlock computer systems they were able infiltrate in Atlanta. Yesterday’s ransomware attack targeted computers in important government departments. Data stored on the affected systems has been digitally encrypted. Another Case of Bitcoin Ransomware The security breach was first reported via a statement by the city […]

Miners, Botnets, and Monero Create Perfect Storm for Cryptomining

Several things have come together in a perfect storm to create the most recent crypto-crime trend: the ability to surreptitiously install illicit Monero miners on unsuspecting computers around the world. Windows servers, laptops, Android devices, and IoT connected devices are all at risk. The worst part? Targets often are unaware that they’ve been hacked — unless they’re able […]

Colorado Department of Transportation, CDOT, Completely Offline After Ransomware Virus

Employees at the Colorado Department of Transportation (CDOT) spent the second day offline today, while security officials — including the FBI — continue to investigate a ransomware virus that hijacked computer files and demanded payment in Bitcoin for their return. According to Amy Ford, a CDOT spokeswoman, only employee computers running Windows and equipped with McAfee […]

Ransomware Creators Having Funds Stolen; Victims Locked Out

Ransomware distributors and other cybercriminals expecting an easy payday are having their illicitly obtained “earnings” stolen by likeminded individuals, who are hijacking the ransom payments before they are received and redirecting them into their own cryptocurrency wallets. At first glance, this may not seem like a huge problem — attackers getting a taste of their own […]

SpriteCoin Infects Cryptocurrency Users’ Computers with Ransomware

Cryptocurrency users have become a favorite target of cybercriminals over the past few years. With the value of all these currencies increasing exponentially, it is evident that criminal entities want their share of the cake. As a result, we have seen an influx of new malware-laden applications and tools, all of which are designed to obtain Bitcoin […]

Fake Cryptocurrency App Lures Victims Into Installing Ransomware

Cyber researchers at Fortinet have managed to unearth a cryptocurrency app that is actually a ransomware in disguise. The cybersecurity firm, in its report, indicated SpriteCoin app to be a new kind of ransomware technique. It poses as a “sure-to-be-profitable” cryptocurrency, prompts targets into installing it for profits, and encrypts their files. The ransomware asks […]

Kroll Report Taps Bitcoin as Major Cyberthreat in China

China is a country where cryptocurrencies are frowned upon. This is for many different reasons, including disturbing the financial ecosystem. However, there is another big threat most people seem to be unaware of right now. A lot of new Bitcoin-related scams have appeared out of nowhere. These are the findings of Kroll, a global risk […]

North Korea Behind Recent YouBit Hack?

Cybercrime experts are attributing the most recent Bitcoin heist to North Korea. The Wall Street Journal report that the South Korean cryptocurrency exchange YouBit is the latest victim of a malicious hacking, and that their northern neighbours are to blame. YouBit have been forced to declare themselves bankrupt after 17 percent of their digital assets […]

Bitcoin Blackmail Attempts Are On the Rise – But No One’s Paying

It was an audacious and callous scheme. A parcel bomb, mailed to a crowded German market, with a ransom note demanding €10 million in bitcoins. Had the device packed with gunpowder, shrapnel, and nails detonated, the casualties would have been extensive. In the event, the bomb, like the ransom demand, proved to be a damp […]