Kia Motors America Victim of Ransomware Attack Demanding $20M in Bitcoin, Rep...

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.....

A multinational electronic giant and a well-known manufacturer of Apple products is the latest victim of a millionaire ransomware attack deployed over the Thanksgiving weekend on one of its branches. Apple’s Manufacturer Is the Latest Victim of Well-Known Ransomware Gang Foxconn, a publicly-traded Taiwanese company and one of the largest electronics manufacturing firms, suffered a cyberattack deployed by Doppelpaymer, a group of hackers specialized in ransomware attacks, who asked for a 1,804 bitcoin (BTC) ransom, worth over $34 million as of press time. According to Bleeping....

Over 2000 MongoDB installations targetted by Bitcoin ransomware. Hacker demands 0.2 BTC as ransom to return the data. MongoDB, one of the widely-used database installation used in conjunction with JavaScript based applications has become a target of Ransomware attacks. The latest attack is said to have compromised at least 2000 MongoDB installations. The hacker behind the attack, going by the name “harak1r1” is demanding a ransom of 0.2BTC from affected users. The attack seems to exploit a well-known vulnerability detected back in 2015. The ransomware has targeted open servers running....

Paying the fee associated with a ransomware should always be seen as a last resort. There is no guarantee the decryption keys will restore full system access or revert all data back to its original state. The University of Calgary is the most recent victim of ransomware attacks, and the school paid CND$20,000 in Bitcoin to get rid of the malware. Despite paying the fee, not all systems are back online, as the provided decryption keys do not restore all systems automatically. Trouble started brewing for the University of Calgary on May 28, and students were advised not to connect their....

Adult Player, a pornographic Android app, is another example of ransomware that has been attacking Android users. This app secretly snaps pictures of people before locking their phones and demanding £330 in ransom before the phone was able to be used again. The activity was first noticed by the security firm Zscaler, a normal video playing app for videos of adult nature. The victims of the attack report that the app would use the phone’s front-facing camera to take their picture using and then lock the gadget completely. Similar claims came from Zscaler as it says the app Adult Player....