Ransomware Fines Could Cost UK Business £122bn

Ransomware is now becoming standardized to create a lucrative business model, ransomware as a service for amateur hackers. Ransomware as a Service. Developers of the crypto-ransomware tool, Cerber, have set up a RaaS (Ransomware as a Service) platform for amateur threat actors that could end up bringing in some big money by distributing their tool to a network of affiliates. The business technique could end up netting nearly $2 million. Security vendor Check Point Software Technologies has gathered data on the ransomware tool and determined that in July alone Cerber-affiliates have....

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....

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....

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,....

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.....