Townsend Business Center Averts Ransomware Attack With Data Backups
It is good to see is how academics are no longer referring to Bitcoin as being an anonymous currency. Ransomware continues to threaten both consumers and enterprises all over the world. Belfast-based Townsend Business Center faced major issues when their systems were held to ransom by unknown internet criminals. A sum of Bitcoins had to be paid to receive the decryption key and get rid of the malware, although that payment never took place. Instead, the matter was resolved by alerting the police. Whenever a personal or enterprise device is infected with ransomware one should never give in....
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What is of particular concern is how the St. Louis library may not have any data backups to resolve this matter quickly. Ransomware continues to be utilized by internet criminals all over the world. Earlier this week, the libraries of St. Louis have been crippled by a ransomware attack. Public terminals provided by the library to the poor and vulnerable of the city had to be shut down as a result. Moreover, any system related to processing book and material lending remained inaccessible for quite some time. As one would come to expect from a ransomware attack, the criminals demanded a....
Ransomware remains one of the most worrying threats to IT infrastructure in this day and age. Hackers are not worried about who they target with this malware, as long as there is a monetary gain on the horizon. The Los Angeles County health department is one of the latest targets in a major ransomware attack. This news comes on the heels of the Hollywood Presbyterian Medical Center facing a similar threat, forcing them to pay US$17,000 in Bitcoin to have access restored. Los Angeles County Health Department Attack. While this ransomware attack against the Los Angeles County Health....
Banks do not have the best of reputations as it is, and this decision will only make things worse. It is not the first time major banks plan to stockpile Bitcoin to thwart ransomware attacks. Even though that money should be spent on improving the IT department, financial institutions tend to take the easier option. Rolling over and paying the Bitcoin ransom will only invite more trouble down the line, though. But for now, London banks want to buy up Bitcoin in the case of a cyber attack. Dealing with a ransomware attack can be quite devastating. Computer systems and important files are....
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.....
Ransomware is becoming increasingly popular with hackers and cyber criminals. The ability to lock down an entire system and render it useless until a ransom has been met is quite powerful. Ransomware often requires payment in a method that is irreversible, allowing the criminals to keep any payments they received unless they are caught of course. The FBI has warned that companies might not be able to get their data back unless they pay the ransom or have backups in which they can restore the system to. Cryptolocker was incredibly prevalent for a year but was replaced by Cryptowall, a very....