New Ransomware Extorts 70 Bitcoins in Three Weeks
An improved version of CryptXXX ransomware has raked in over $45,000 in three weeks after fixing a crypto flaw that allowed victims to recover their data for free. Over the last few months a cat-and-mouse game has ensued with CryptXXX developers and security researchers with the researchers sourcing out ways for victims to reclaim back their data without paying the ransom. Despite the fact that researchers from Kaspersky Lab had provided a free tool to victims to decrypt their data that would normally cost them more than $500, it wasn’t long before the developers at CryptXXX were able to....
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Just when you think that you have seen it all, a ransomware demands money for charity by encrypting all files on the user's computer.' Doing something bad with good intentions don’t make it right! Maybe no one told this to the cybercriminals behind this new Bitcoin ransomware. CryptMix, the new ransomware doing rounds on the internet extorts money out of its victims, but forwards the ransom for charity. Like any other ransomware, CryptMix encrypts the files on the victim’s computer making it unusable. According to Heimdal Security, a well-known anti-malware and cyber security software....
Chainalysis has stated that ransomware arrests will soon take place targeting cyber criminals behind ransomware attacks. Rise of Ransomware Attacks. Over the past six months, ransomware attacks have become an issue to government, business and healthcare organizations. In January, CCN reported that three banks and a pharmaceutical company in India had been targeted by a ransomware scheme with the ransom demand in bitcoins. Three Greek banks were reported hacked last November with the hackers demanding their ransom be paid in bitcoins. While the individuals in question were unable to gain....
Bitcoin ransomware is one of the biggest threats individuals, and enterprises are facing today. CryptXXX has the potential to become one of the most dangerous versions of this malware to date. Bitcoin users who have been keeping an eye on this history of crypto-ransomware will remember the name Reveton, which was one of the very first types of this....
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.....
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....