Companies Concerned about Rising Ransomware and Cyberthreats

Companies Concerned about Rising Ransomware and Cyberthreats

Increasing ransomware and other cyberthreats have got top executives concerned about their companies. The New York State Department of Financial Services recently released a draft dictating new cybersecurity regulations for finance sector. Hailed the first of its kind in the United States, it has received a fair share of criticism as well. The Bitcoin companies in the region come under NYDFS, which makes these new regulations applicable to them as well. These challenging regulations, once implemented may turn out to be the savior of millions of customers, especially at the time when....


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FBI Advises Victims Pay Ransom on Ransomware

Ransomware is becoming increasingly popular with hackers and cyber criminals. The ability to lock down an entire system and render it useless until a ransom has been met is quite powerful. Ransomware often requires payment in a method that is irreversible, allowing the criminals to keep any payments they received unless they are caught of course. The FBI has warned that companies might not be able to get their data back unless they pay the ransom or have backups in which they can restore the system to. Cryptolocker was incredibly prevalent for a year but was replaced by Cryptowall, a very....

Security Experts Warn About The Evolution of Ransomware In 2017

One thing seems certain: it will become harder to detect this malicious software in the future. One of the most popular trends in 2016 has been the surge in ransomware deployment. Over the coming 12 months, this situation will only get worse. Enterprises and users are advised to take the necessary precautions to nip these attacks in the bud. In the first week of the new year, new types of ransomware have made their presence known already. KillDisk is a type of malware that has been around for some time already. A new version of this ransomware strain has security researchers....

Unbreakable Encryption By TeslaCrypt Ransomware Forces Users To Pay Bitcoin Fee

The world of Bitcoin ransomware has gotten a lot more creepy now that security researchers have announced it is all but impossible to crack the encryption used by the latest strain of TeslaCrypt. Keeping in mind how this Bitcoin ransomware is being spread by infected and networks on the main media outlet websites, there is an alarmingly high possibility of infection, and no way to do anything about it but paying the ransom fee. TeslaCrypt 3.0.1 is one type of Bitcoin ransomware that nobody wants to deal with right now.

More Ransomware! Cryptofortress & TeslaCrypt prefers BTC too

WARNING! There is a new ransomware on the block. With great power comes great responsibility! However, it is unfortunate that cybercriminals are leveraging upon the power of bitcoin (especially anonymity and ease of transfer) for all the wrong purposes. Recently many computers around the world were targeted by multiple ransomware. These ransomware - TorrentLocker, CTB-Locker and the latest TeslaCrypt enters the computer through infected files that the user might have downloaded as an email attachment or a software patch/ plugin. Once written to disk, they gain access to stored data to....