U.S. Banks Brace For Retaliatory Ransomware Attacks From Russia
Major U.S. banks are expecting retaliatory ransomware attacks following the imposition of tough sanctions on Russia for invading Ukraine, cyber specialists and executives say. Tensions between Russia and the West worsened Saturday as the US and its allies attempted to block some Russian banks from the SWIFT international payment system and imposed restrictions on the […]
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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....
Chainalysis has stated that ransomware arrests will soon take place targeting cyber criminals behind ransomware attacks. Rise of Ransomware Attacks. Over the past six months, ransomware attacks have become an issue to government, business and healthcare organizations. In January, CCN reported that three banks and a pharmaceutical company in India had been targeted by a ransomware scheme with the ransom demand in bitcoins. Three Greek banks were reported hacked last November with the hackers demanding their ransom be paid in bitcoins. While the individuals in question were unable to gain....
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....
The rise of ransomware attacks is giving banks a cause for concern as they now have to buy and keep cryptocurrency in the event it is needed to pay criminals when their files are held to ransom. In an interview with Business Insider, Malwarebytes CEO, Marcin Kleczynski, said the situation has become so aggressive to the business environment in the last six to 12 months that companies from 25 people to 250,000 people are getting hit with ransomware. In the past year, the number of such recorded attacks – and the call for bitcoin-related payment for ransom – has been worrying. The Rise of....
Russian law enforcement agencies have dismantled the notorious hacking group Revil, believed to be behind ransomware attacks in the U.S. involving cryptocurrency. Although Moscow is unlikely to hand over Russian citizens to Washington, the operation has been carried out on request from the United States, despite heightened geopolitical tensions between the two powers.
Russia’s FSB Hits Cybercrime Group Revil
On Friday, the Federal Security Service of the Russian Federation (FSB) announced it has conducted raids against Revil in the capital Moscow, St. Petersburg,....