DoJ, Chainalysis work to break up ransomware network that targets hospitals
The Department of Justice has seized half a million dollars in crypto from NetWalker, in an operation that also involved Bulgarian authorities. United States authorities have hit a major malware operator, with help from leading blockchain analytics firm Chainalysis.On Wednesday, the Department of Justice announced the seizure of $454,530.19 in cryptocurrency from NetWalker, a ransomware operator the Federal Bureau of Investigation alleges to have targeted hospitals globally amid the COVID-19 pandemic. Piggybacking on the DoJ's announcement was Chainalysis, which took the opportunity to....
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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....
Ransomware has been on the rise as of late, and it is a cyber security threat a lot of businesses and government services are taking seriously. According to Chainalysis, the blockchain monitoring company, more ransomware-related arrests from law enforcement are on the horizon. Can Companies Like Chainalysis Curb Ransomware and Cyber Crime? Cybercriminals....
“Following the flow of ransomware payments on the blockchain is instrumental for law enforcement to understand and dismantle ransomware operations,” said Chainalysis CEO Michael Gronager. Blockchain analytics firm Chainalysis has purchased cybercrime investigative company Excygent for an undisclosed amount, hinting the two will continue to work together to help “dismantle ransomware operations.”In an Oct. 5 announcement, Chainalysis CEO Michael Gronager said the firm had collaborated with Excygent on projects including seizing cryptocurrency connected to the now defunct darknet market Silk....
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.....