Extortionists Now Send Fake Bitcoin Ransom Threats
Bitcoin demanding ransomware has become a common occurrence these days. People dread receiving a ransom note from cybercriminals responsible for launching attacks on critical IT infrastructure and web applications across the internet. Many times, such acts lead to massive losses while compromising the safety and security of those directly or indirectly affected by the attack. Few extortionists have decided to capitalize on the pre-existing fear by sending out fake threats. A cryptocurrency blog platform recently reported an increase in the fake threat emails demanding Bitcoin payments.....
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CryptoCoinsNews and sister-site Hacked have both been targeted in a DDoS attack by extortionists demanding a bitcoin payment. The extortionists also claimed further threats in exchange for a ransom. CryptoCoinsNews, a prominent resource and news outlet for readers looking into bitcoin-, alternative currencies-, block chain-, and fintech-related news was the target of a DDoS attack earlier this morning. One of the extortionists, going by the name 'Jon', sent in an email demanding 2 Bitcoins to reveal 'fatal security vulnerabilities' on the website while threatening to contact our....
The FBI has changed its stance on ransomware extortionists saying people targeted should refuse to pay the bitcoin ransom despite a previous statement from the FBI encouraging victims to pay a ransom. At a recent Federal Trade Commission’s Fall Technology Series, supervisory special agent for the FBI’s Cyber Division, Will Bales, said that businesses or individuals targeted by ransomware should refuse to pay the ransom, as reported in Dark Reading. He said: People have to remember that ransomware does not affect just one person or one business. It will more than likely move on and affect....
The Los Angeles Community College District (LACCD) has confirmed a payment of $28,000 in bitcoin toward cybercriminals wielding ransomware. The Los Angeles Valley College (LAVC) was targeted by the extortionists, who successfully encrypted the college’s email systems, voicemail and computer networks. First detected on December 30, 2016, the attackers forced a week-long deadline to pay the ransom. According to independent student newspaper The Valley Star, a ransom note appeared on a compromised college server and it simply read: You have 7 days to send us the Bitcoin after 7 days we will....
Ukrainian mall receives bomb threat from an unknown person, demands $200 BTC ransom to stop sending further threats. Cybercriminals are giving Bitcoin a bad name. Starting with hacking attempts, criminals have been trying to extort money from unsuspecting individuals and businesses by infecting their computers with ransomware or blackmailing them with ill-gotten confidential information. The ransom demand, in Bitcoin payments, is a common thread that unites all these threats. Deviating from standard operating procedures followed by hackers, an unknown individual or a group of individuals....
What seemed like a Black Friday hack has revealed extortionists demanding bitcoin ransom. Last weekend, San Francisco public transit fare systems began to refuse commuters’ money. The hacker demanded 100 bitcoin from SFMTA to put its payment systems back in place to undo the revenue loss. San Francisco Municipal Transportation Agency (SFMTA) refused to....