New Tool Helps Victims Fight Bitcoin Ransomware
Kaspersky Lab has added a further 711 decryption keys to its database. Kaspersky Lab has released a new tool to help free computer files 'held hostage' by bitcoin ransomware. CoinVault, which has infected around 700 computers in the Netherlands, is a strain of malware that demands a rising amount of bitcoin to unlock files it has encrypted. Thanks to Kaspersky's ransomware decrypter, certain victims can now access their files free of charge. The tool was created after Dutch authorities shared a database of CoinVault's information (including IVs, keys and bitcoin wallets) with the firm as....
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Europol, the Dutch national police, McAfee, Intel Security and Kaspersky Labs have spent this past summer helping victims of ransomware. Calling themselves the “No More Ransom Project,” the group helps people learn about ransomware and how to prevent it, as well as offering tools to help victims recover lost data. A Web Portal Dedicated to Preventing and....
Law enforcement agencies and government officials are trying to come up with a strategy to fight Bitcoin ransomware on a global scale. One proposal would see countries not doing anything to stop ransomware groups should be treated the same as those who aid in terrorism. Playing the Terrorism Card to Fight Ransomware. The topic of Bitcoin ransomware has....
Ransomware is now becoming standardized to create a lucrative business model, ransomware as a service for amateur hackers. Ransomware as a Service. Developers of the crypto-ransomware tool, Cerber, have set up a RaaS (Ransomware as a Service) platform for amateur threat actors that could end up bringing in some big money by distributing their tool to a network of affiliates. The business technique could end up netting nearly $2 million. Security vendor Check Point Software Technologies has gathered data on the ransomware tool and determined that in July alone Cerber-affiliates have....
Two ransomware strains, CoinVault and Bitcryptor have been put to bed due to the joint efforts of law enforcement in Netherland and an independent cybersecurity firm. The authors of the malware sought ransom payments from victims in Bitcoin. Ransomware thieves who took Bitcoin payments in return for victims to access their files freely after their rogue file-locking methods have been put out of work. Two authors who allegedly developed the ransomware were arrested in Netherlands and Kaspersky, a cybersecurity firm has confirmed that it has amassed 14,000 decryption keys that are required....
The U.S. Federal Bureau of Investigation (FBI) has released an alert that warns private industry in the country about incidents of harassment of victims made by ransomware gangs, such as the well-known Doppelpaymer group. FBI Is Aware of Cold-Calling Tactics by Ransomware Gangs According to a PIN (private industry notification) alert regularly sent to U.S. companies to inform them about the latest updates in the cybersecurity sphere, shared by Zdnet, the FBI has been aware of incidents since February 2020, where Doppelpaymer has cold-called companies to intimidate victims by demanding them....