Bitcoin Ransomware May Soon Become a Thing of the Past
As technology advances, the use of new tools and blockchain ledger may put an end to the ransomware menace. Ransomware has been around since 1989 after Joseph Popp created the first malware known as AIDS or PC Cyborg. After 27 years, internet users are still finding themselves becoming targets to advanced versions of these malware which holds them for ransom by encrypting all the files on their computer. Almost all ransomware demand varying amounts in ransom to be sent in the form of bitcoin to the creator or distributor of the malware in order to get the decryption tool to regain access....
Related News
In fact, 1% of attacks saw a demand of US$150,000 to be paid in Bitcoin. Ransomware developers are always one step ahead of security researchers these days. Not only in the way their software works, but also how they target potential victims. American businesses are seeing an influx in ransomware attacks all of a sudden. More particularly, company executives are a prime target for ransom are right now. While nearly nine in ten ransomware attacks are targeting hospitals these days, corporations are not out of the woods just yet. A new study unveiled how 40% of businesses investigated had....
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 CEO of Chainalysis expects law enforcement agencies armed with the company's technology to catch up with those responsible for ransomware attacks soon. The reign of terror unleashed by Bitcoin ransomware may soon come to an end. According to the blockchain analysis company Chainalysis, law enforcement agencies are gearing up to combat cyber crimes of this nature. Ransomware attacks have seen a drastic rise in the recent days. Cybercriminals, who were initially targeting individual users for small ransoms have graduated to bigger targets. Some of the recent targets include big....
Throughout the past few years, various major institutions have fallen victim to the ransomware threat. Ransomware has become a real plague for Internet users all over the world. There is nothing more annoying than using a computer only to have the end user completely locked out due to a piece of malware encrypting all of the necessary files. Various German hospitals have fallen victim to ransomware infections in the past few weeks, and the only option was to pay a Bitcoin ransom so day-to-day operations could continue. Throughout the past few years, various major institutions have fallen....
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....