G7 Warns of Crypto Threat From Tidal Wave of Ransomware Attacks
Paying ransomware hackers to decrypt infected computers doesn't always work, and may even be a crime in some countries.
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The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued a warning that alerts financial institutions in the United States about increasing ransomware attacks against coronavirus vaccine research organizations. US Treasury Warns of Ransomware Attacks, Phishing Schemes Targeting Covid-19 Vaccine Research Institutions According to the alert, FinCEN says that fraud, ransomware attacks, and “similar types of criminal activity” target the distribution of Covid-19 vaccines, which could affect their supply chains if proper actions are not taken on....
Ransomware attackers use malicious software to block access to data and demand ransom in return, oftentimes deploying the threat to make proprietary data public.
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....
The topic of Bitcoin ransomware has been beaten around the bush multiple times by now, but a recent report by Intel Security shows the threat is far from over. In fact, their findings suggest ransomware becomes a grave threat by 2021, and healthcare institutions will be the primary target. Bitcoin Ransomware To Keep Targeting Healthcare Sector. It is not the first time Bitcoin ransomware and healthcare are mentioned in the same breath, as these malware attacks have caused issues for various hospitals all over the world in the past few months. A new report by Intel Security indicates this....
A Federal Trade Commission (FTC) panel said on Wednesday that while the threat of ransomware can be scary, simple “cyber hygiene,” or in other words, routine and basic security measures, are often enough to sufficiently counter these online attacks. FTC Panel Talks Ransomware. Nevertheless, the panel did not want to downplay the threat, or the damage ransomware has caused everyday users who have been victimized by attackers Chad Wilson, the Director of Information Security at Children’s National Medical Center in Washington D.C., did not mince words regarding his feelings toward....