Bitcoin-seeking Ransomware Scam Busted
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....
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The National Fraud Intelligence Bureau (NFIB), which is a cybersecurity watchdog in the UK, warned the public of a new bitcoin ransomware scam circulating these days. The NFIB said that emails pretending to have originated from the UK Home Office, Ministry of Justice, and domestic oil company British Gas have been distributing malware called TorrentLocker. TorrentLocker locks up a user's files until a bitcoin ransom is paid. However, reports from previous years have revealed that majority of victims have declined to pay up to 4 BTC to decrypt their documents. Bitcoin Ransomware Scam. The....
A class-action lawsuit has reportedly been filed against a cryptocurrency scam that has duped many Indian investors. The scam, promoted in three Indian languages, lures investors by promising up to 900% return on investments. The Delhi court has directed a notice to be placed in major newspapers, seeking victims of this scam to come forward. Class-Action Lawsuit to Stop a Crypto Scam in India A representative lawsuit has reportedly been filed in order to stop a cryptocurrency scam from continuing to dupe Indian investors. The Delhi court last week directed a notice to be published in....
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....
In a ransomware attack, it is assumed that the hackers prefer the ransom being paid in bitcoin due to the anonymous nature of its transactions. It might not be true as the hackers are probably interested in bitcoin for entirely different reasons. Bitcoin and Ransomware, these words appear more frequently in a single sentence these days than we wish for. Ransomware attacks have become a common occurrence these days. We had earlier reported the use of Advertising network by cyber criminals to propagate ransomware to the computers belonging to the readers of some of the leading news websites.....
An international crime syndicate that siphoned money from ATM machines via cloned debit and credit cards was busted by authorities in India. Investigations revealed that the stolen cash was converted to bitcoin before being dispersed to members of the crime syndicate. An international crime racket involving key members in India and the United Arab Emirates was busted by Indian authorities. The criminal activity saw cloned cards stealing money from ATMs in various locations across India, the Times of India reports. Eventually, the stolen money was converted to bitcoin before being....