Bitcoin Becomes Media Scapegoat as NSA-Derived Ransomware Hits 99 Countries
A global ransomware attack derived from a leaked NSA tool successfully breached into 100,000 computer systems and servers across 99 countries. During the first day of the attack, the focus was set on Bitcoin instead, which had minimal involvement in the ransomware attack, rather than the use of an NSA tool developed using taxpayers’ capital. What actually happened. On May 12, the WannaCry ransomware began to spread across the world, attacking 75,000 computers in a matter of hours. According to MalwareTech, WannaCry targeted and encrypted 100,000 computers in a period of 24 hours, quickly....
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The increase in ransomware attacks on banks has forced them to buy bitcoin. Who would have imagined that traditional banks would be buying Bitcoin so soon? The answer is – probably no one. The recent increase in Bitcoin ransomware attacks on banks and financial institutions has forced them to take this extreme step. According to the CEO of Malwarebytes – Marcin Kleczynski, the malicious ransomware programs have created a huge security threat to banks. In order to ensure uninterrupted service, the banking industry is even prepared to pay the price demanded by cyber criminals to recover data....
Paying ransomware hackers to decrypt infected computers doesn't always work, and may even be a crime in some countries.
The world of Bitcoin ransomware has gotten a lot more creepy now that security researchers have announced it is all but impossible to crack the encryption used by the latest strain of TeslaCrypt. Keeping in mind how this Bitcoin ransomware is being spread by infected and networks on the main media outlet websites, there is an alarmingly high possibility of infection, and no way to do anything about it but paying the ransom fee. TeslaCrypt 3.0.1 is one type of Bitcoin ransomware that nobody wants to deal with right now.
For those readers unfamiliar with the concept of Bitcoin ransomware, we should take the time to briefly explain what this phenomenon is all about. Bitcoin ransomware has been a topic of substantial discussion in the media throughout 2015, and the year 2016 does not seem to be changing that anytime soon. There have been numerous reports of this type of attack against companies and individual users, even though there are a few easy steps to avoid ransomware from infecting one’s device. Bitcoin is not to blame for these attacks by any means, only the people who create this software. Although....
It is evident the United States have quite a few things to worry about. Their next President is getting all of the media attention, but malware should not be underestimated either. One of the primary reasons why bitcoin is becoming so popular is due to the ransomware threat This type of malicious software corrupts computer files and encrypts them. Restoring data access is – in most cases – only possible by paying a bitcoin fee. But as it turns out, Las Vegas is somewhat of a malware hub these days. It is not uncommon to see ransomware being distributed in the US on a large scale. Various....