Bitcoin Ransomware Attacks Involving Cryptowall Originated from the Same Place - Report
Ransomware and Bitcoin make a great combination, but for all the wrong reasons. There was a sudden increase in the number of ransomware attacks earlier in this year which continued into the last few months. While these attacks continue even today, most of them usually go unreported in the media. Cryptowall is one of the widely used malware to launch ransomware attacks. The malware has been so good at doing its job that even the FBI has given up on it. What the guys behind it are using it for is a completely different story though. Who is behind all these ransomware attacks involving....
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The Federal Bureau of Investigation reported that the the total losses generated by the bitcoin ransomware called Cryptowall have reached $18 million. The FBI's Internet Crime Complaint Center stated that the agency received 992 complaints related to Cryptowall between April 2014 and June 2015. Bitcoin has typically been used by hackers as their means of demanding ransom from companies they've attacked with their malware. In Brisbane, a company has reportedly paid this bitcoin ransom but the hackers refused to back down with their demands. Bitcoin Ransomware Attacks. Typically these....
The malware authors making up the cyber gang behind the intrusive Cryptowall 3.0 ransomware, a strain of malware, have raked in an estimated $325 million from hundreds of thousands of victims around the world by demanding ransom payments in Bitcoin. The ransomware has been active since January, 2015. A cybercriminal group that develops and deploys Cryptowall 3.0 may have gathered millions of dollars of ransom in Bitcoin in this past year alone, a comprehensive study points out. Cryptowall version 3.0 the latest variant of a ransomware that is among the most effective tools used by....
A cyber-security industry group has published new research on the CryptoWall ransomware campaign, finding that the attacks have generated more than $300m in ransom income and stem from a single source or entity. The report was published earlier this week by the Cyber Threat Alliance, founded by Intel Security, Symantec, Palo Alto Networks and Fortinet. Major takeaways from the organization's research include evidence of as much as $325m worth of ransomware victim payments and more than 400,000 attempts to infect computers with the third variant of CryptoWall (CW3), many of which appear to....
The ransomware industry has exploded recently. Often, hackers demand bitcoin payments in order to restore computer systems. Bitcoin.com investigates what to do to prevent ransomware attacks. 2016 ‘The Year of Ransomware’. A report by McAfee Labs published in December revealed that the number of new ransomware samples totaled 3,860,603 in the third....
Bitcoin ransomware has been a new type of malware attacking computers and networks all over the world. By decrypting all important file extensions, and forcing the device owner to pay a ransom in bitcoin to decrypt the files, assailants have found a new way to abuse the popular digital currency for nefarious acts. Even though it looked like this threat was “under control” for a brief while, a new version of CryptoWall is making the rounds. Unfortunately, the latest version of the CryptoWall ransomware has not removed the option for infected users to pay in Bitcoin. In fact, several....