The New Republic Thinks Banning Crypto Will Stop Ransomware Attacks. It Won’t.
Look, we have to nip this narrative in the bud. The New Republic recently published a hit piece on cryptocurrencies. It relates them to Ransomware Attacks, references the DarkSide saga, and claims, “ It’s never been easier to hack a company, get paid for it, and escape scot-free.” Is it, though? What they conveniently left […]
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In fact, 1% of attacks saw a demand of US$150,000 to be paid in Bitcoin. Ransomware developers are always one step ahead of security researchers these days. Not only in the way their software works, but also how they target potential victims. American businesses are seeing an influx in ransomware attacks all of a sudden. More particularly, company executives are a prime target for ransom are right now. While nearly nine in ten ransomware attacks are targeting hospitals these days, corporations are not out of the woods just yet. A new study unveiled how 40% of businesses investigated had....
In a joint statement published by the White House, members from the Counter Ransomware Initiative acknowledged that crypto could be facilitating ransomware attacks around the world. Related Reading | Ransomware Group REvil Hacks 200 U.S. Companies, Demands $70M In Bitcoin As Ransom Representatives from the European Union, Canada, United Arab Emirate, the United, Kingdom, the […]
Nearly 1.2 million money-stealing malware incidents were discovered in Q3 of 2016. Additionally, over 821,000 unique device crypto ransomware attacks were successfully blocked. Every time a report related to ransomware is published, there is a growing reason for concern. Although the public knows about this threat, the number of attacks continues to increase. In fact, a new Kaspersky Labs report indicates things are starting to get out hand rather quickly. In Q3 of 2016, there have been 3.5 times as many ransomware modifications as before. Criminals seem to be enjoying themselves when it....
Ransomware and Bitcoin make a great combination, but for all the wrong reasons. There was a sudden increase in the number of ransomware attacks earlier in this year which continued into the last few months. While these attacks continue even today, most of them usually go unreported in the media. Cryptowall is one of the widely used malware to launch ransomware attacks. The malware has been so good at doing its job that even the FBI has given up on it. What the guys behind it are using it for is a completely different story though. Who is behind all these ransomware attacks involving....
The founder of the world’s largest hedge fund and macroeconomic genius Ray Dalio recently revealed his concerns over governments banning Bitcoin. In response, we’re outlining all the key reasons why this simply will not happen, and even if it did, it wouldn’t stop the cryptocurrency from continuing on. Why Banning Bitcoin Won’t Happen, And Governments Can’t Stop It Ray Dalio is the founder and co-chairman of Bridgewater Associates, the world’s most successful hedge fund. His […]