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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Cyberthreats related to cryptocurrencies have increased with rising demand for the digital assets, a study has concluded. Russia, Thailand and Peru are the most affected countries by malicious attacks designed to exploit the heightened interest in decentralized money, the authors point out. Booming Crypto Markets Bring Out Cybercriminals Despite the ongoing Covid pandemic still leading the headlines around the world, the topic has lost some prominence in the cyberthreat landscape since the beginning of this year. At the same time, threats related to cryptocurrencies have increased....
Over the course of 2015, many individuals and companies have been affected by ransomware. While this may have nothing to do with Bitcoin at first glance, there have been a few cases where the ransomware could only be removed by paying a certain fee in Bitcoin. But those days may be over now, as a decryption toolkit for various types of ransomware has been made publicly available, free of charge. CryptoLocker and CoinVault Ransomware. Two types of ransomware making headlines all across the world in recent months are called CryptoLocker and CoinVault. Both types of ransomware operate, in the....
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 concerned,....
The new GoldenEye ransomware poses as a resume to infect computers belonging to HR departments. James Bond, the fictional spy, has met his match when it comes to deception. A new ransomware named after one of the Bond movies, GoldenEye infects work computers by posing as a job application. According to cybersecurity researchers, the GoldenEye ransomware is a variant of previously known Petya ransomware. The ransomware targets the HR departments of the companies as they receive hundreds if not thousands of emails from unknown people applying for job positions. A well-crafted mail delivers....
A number of companies in the UK are stockpiling bitcoins in the event of a ransomware infection, according to a recent survey of 250 information technology specialists in the country. Data security firm Citrix released the results of a survey it conducted with public relations firm Censuswide, which suggested that ransomware – malware that encrypts up a computer’s files until a ransom is paid (usually in bitcoin) to unlock the data – is a prevailing concern among some companies in the UK. Thirty-three percent of those surveyed said their companies maintain a stash of bitcoin just in case.....