Archive | ransomware

Mad Money Host Jim Cramer Argues That the Tide is Turning Against Bitcoin

Jim Cramer, host of CNBC’s Mad Money, argued that Bitcoin may have reached its peak. His comments come as the cryptocurrency market dropped below $200 billion in value, with Bitcoin struggling with the $6,000 mark. In June 2018, the former hedge fund manager said the leading virtual currency could eventually be worth $1 million one… […]

Hacked Accounts on Crypto Exchanges Rose 369% in 2017, Research Finds

New research has found that crypto hacks are increasing, with a majority of criminal activity originating from the U.S., according to International cybersecurity firm Group-IB. Poor Security Measures According to Group-IB, hacked accounts rose 369 per cent in 2017 compared to the previous year, with 720 usernames and passwords stolen across 19 of the top exchanges,… […]

Top 5 Threats Keeping Cybersecurity Professionals Up at Night

If you’d asked any cybersecurity professional around this time last year what the greatest threat to cybersecurity was, they’d have undoubtedly said ransomware. Now worth over a billion dollars a year (and rising), with attacks like WannaCry and Petya/NotPetya wreaking havoc, every expert worth their salt was planning ways to stay ahead of the hackers. […]

Crypto Mining Malware on the Rise as Ransomware Declines

A new study by Kaspersky Lab has found that incidents of cryptocurrency related ransomware declined 30% since 2016 from 2.58 million to 1.81 million, while simultaneously cryptocurrency mining malware incidents have risen 44.5% from 1.9 million to 2.74 million. Kaspersky Lab suspects that there is a direct causation between these statistics, they say cybercriminals have […]

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 […]