New Ransomware Strains No Longer Want Your Bitcoin
Most people around the world are well aware of the potential effect ransomware could have on their computer. But in some cases, the effects are far more dire, as a Michigan municipal utility had to shut down all of their services. However, instead of asking for a Bitcoin ransom, the Internet criminals want gift cards. Ransomware Developers Moving Away From Bitcoin? Although the world of ransomware is constantly evolving, several features and properties have remained the same through the past few years. One of those properties was how ransomware victims would have to pay a fee in Bitcoin,....
Related News
Bitcoin ransomware has been a thorn in the eye of many digital currency enthusiasts, and security experts have had a hard time coming up with solutions. Throughout the years, there have been various ransomware strains, all of which brought something new to the table and making it harder to be removed from an infected computer. But the latest solution by Bitdefender may put an end to most of the misery. A Solution To Bitcoin Ransomware? It is hard to ignore the damage caused by Bitcoin ransomware over the past few years, as there have been so many attacks against individual users,....
The total amount of value extracted through ransomware payments in 2021 is expected to rise above 2020 levels once all the data is sorted through. A new report estimates that ransomware payments tallied at least $602 million in 2021 — but the actual total could be much higher.Blockchain analysis firm Chainalysis released new data on Feb. 10 about ransomware activity related to cryptocurrency in 2021. However it stated that the total value is likely to end up surpassing the $692 million taken in 2020.“In fact, despite these numbers, anecdotal evidence, plus the fact that ransomware revenue....
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....
Nearly 1.2 million money-stealing malware incidents were discovered in Q3 of 2016. Additionally, over 821,000 unique device crypto ransomware attacks were successfully blocked. Every time a report related to ransomware is published, there is a growing reason for concern. Although the public knows about this threat, the number of attacks continues to increase. In fact, a new Kaspersky Labs report indicates things are starting to get out hand rather quickly. In Q3 of 2016, there have been 3.5 times as many ransomware modifications as before. Criminals seem to be enjoying themselves when it....
Russian hackers allegedly netted a profit of more than $400 million through crypto-ransomware in 2021. According to a new report published by blockchain analytics firm Chainalysis on Monday, approximately 74%, or over $400 million USD, of ransomware revenue last year were funneled into high-risk wallet addresses that are likely to have been based in Russia. The report analyzed ransomware hacks throughout 2021 and determined their affiliation to Russia through three key characteristics:Traces of Russia-based cybercriminal organization Evil Corp being behind a given breach; the group has....