online resources

Ransomware task force calls for aggressive Bitcoin transaction tracing measures

The task force has proposed new rules that would facilitate aggressive cryptocurrency tracing and tighter licensing requirements for businesses handling digital assets. Government and industry have teamed up to fight a major increase in ransomware, with a newly formed ransomware task force calling for new measures to more aggressively trace Bitcoin and crypto capital flows. The task force includes law enforcement including FBI and U.S. Secret Service agents working alongside representatives of leading security and tech firms. According to an April 29 report from Reuters citing anonymous sources from the Department of Justice’s task force, the group is calling for…

Continue Reading Ransomware task force calls for aggressive Bitcoin transaction tracing measures

The Average American Sees Crypto Ransomware As A Threat Says Expert

Christopher Krebs stands as the former director of the US Cybersecurity and Infrastructure Security Agency (CISA). Krebs has given out a recent warning regarding how criminals are capable of deploying ransomware attacks more frequently thanks to crypto. Krebs Blaming Crypto For Ransomware It’s no secret that the crypto space has seen a massive increase in adoption throughout these recent months, mainly thanks to institutions and companies accepting digital payment options. In an interview done yesterday on the show Late Night With Bill Maher, Krebs was asked his thoughts on Bitcoin as a whole. Krebs gave a very interesting perspective of…

Continue Reading The Average American Sees Crypto Ransomware As A Threat Says Expert

Former US Director of cybersecurity: Crypto ransomware ‘running wild’

Ransomware is something the "average American" is worried about, says former cybersecurity top dog Chris Krebs Former Department of Homeland Security official Christopher Krebs called for greater governmental oversight of cryptocurrency in an interview yesterday, saying that anonymous payments are a threat “the average American is concerned about.”  In an interview on Late Night with Bill Maher, Maher asked the former U.S. Cybersecurity & Infrastructure Security Agency director about his thoughts on Bitcoin. “What’s gonna happen with Bitcoin? Where do you see that going? That’s in sort of your area, I see it bringing down civilization, but maybe I’m being…

Continue Reading Former US Director of cybersecurity: Crypto ransomware ‘running wild’

U.S Prosecutors Sentence Dark Overlord’ Gang Member to Five Year Jail Term

Bitcoin scammers have ramped up their operations and are currently launching extensive attacks across the world. However, governments have also improved their enforcement scope and are doing their best to bring some of them to book. Wyatt Handled Outreach to Victims In the latest crackdown effort, a British citizen has confessed to his role in working with a ransomware gang. According to a CyberScoop report, the U.S. Department of Justice (DoJ) secured a guilty plea from Nathan Wyatt, who confessed to being part of the notorious “The Dark Overlord” ransomware group. The Dark Overlord has made quite a name for itself.…

Continue Reading U.S Prosecutors Sentence Dark Overlord’ Gang Member to Five Year Jail Term

Egy kibertámadás Németországban emberéletet követelt

Egy német kórházat ért hackertámadás miatt hunyt el egy életveszélyes állapotban lévő beteg, mivel egy távolabbi kórházba kellett szállítani.  Egyre népszerűek a hackerek körében a zsarolóprogramok, melyekkel pénz követelnek bizonyos intézményektől vagy vállalatoktól azért, hogy bizalmas adataik ismét elérhetővé váljanak. Egy kibertámadás számos kellemetlenséget tud okozni a támadás célpontjának, de most egy ártatlan ember életet vesztette a hackerek miatt. Szeptember 10-én a németországi Düsseldorfi Egyetemi Kórházat (UKD) ransomware támadás sújtotta. A hackerek a kórház hálózatán egy szoftver sebezhetőséget kihasználva hozzáfértek az intézmény adataihoz. Mivel az informatikai rendszerek leálltak, a kórház megszakította a járóbeteg-és a sürgősségi ellátást. Aki járóbeteg-ellátásra érkezett volna…

Continue Reading Egy kibertámadás Németországban emberéletet követelt

Argentina Is in a Fight with a Bitcoin Ransomware Group

We do not negotiate with terrorists… This is the bedrock principle of countries like the United States. We’ve heard these words uttered in several movies and even political briefings, and now the idea of staying vigilant in times of strife appears to be edging its way into the minds of several other nations, including Argentina. Argentina Doesn’t Want to Give Up Its Bitcoin Recently, the South American country had a little problem with cyberhackers. The country’s national migration agency was forced into a temporary shutdown not too long ago after cyberthieves gained control of the office’s computer networks and data…

Continue Reading Argentina Is in a Fight with a Bitcoin Ransomware Group

The IRS offers a $625,000 bounty to anyone who can break Monero and Lightning

The United States IRS agency has announced a bounty of up to $625k to anyone who can crack Monero’s privacy. The United States Internal Revenue Services (IRS) has offered a bounty of up to $625,000 to anyone who can break purportedly untraceable privacy coins like Monero (XMR) as well as trace transactions on Bitcoin’s (BTC) Lightning Network.  The official proposal, published last week, says the IRS will accept submissions in the form of working prototypes until September 16. If accepted, applicants will receive an initial payment of $500,000. This grant will allow applicants to develop their prototype into a working…

Continue Reading The IRS offers a $625,000 bounty to anyone who can break Monero and Lightning

Hackers Demand $7.7M In Bitcoin From Pakistan’s Largest Power Provider

Two significant NetWalker ransomware attacks have surfaced in the past week. After Argentina’s official immigration agency suffered a hack demanding $4 million in Bitcoin, a recent report revealed that Pakistan’s largest power producer was compromised. The perpetrators demand up to $7.7 million in BTC. $7.7M In BTC Demanded From Pakistan Power Producer The cybersecurity website Bleeping Computer reported earlier that the sole electricity provider for Karachi, Pakistan, namely K-Electric, has suffered a ransomware attack. K-Electric supplies power to over 2.5 million citizens, but the hack has not affected those services. Instead, the perpetrators have targeted the online billing platform, and…

Continue Reading Hackers Demand $7.7M In Bitcoin From Pakistan’s Largest Power Provider

Ransomware Gang Forces Top Chilean Bank Offline

Ransomware attacks have continued to intensify across the world. With the lockdown still in full force, more companies have had to deal with security issues. The latest company to fall victim to this security challenge is Banco Estado, one of the three largest Chilean banks. Easing Off the Attack Gradually Earlier this week, the bank announced that it had shut down all operations nationwide in response to a ransomware attack. Per a public statement, the bank explained that it would close its branches for 24 hours, but promised customers of the safety of their funds. Citing sources close to the investigation,…

Continue Reading Ransomware Gang Forces Top Chilean Bank Offline

Cybercriminals Attack Argentinian Agency, Demand $4 Million in BTC Ransom 

Ransomware attacks have become quite prominent in the past few months, with criminals deploying malware at an alarming rate. However, while individuals and businesses are usually the top targets, a ransomware operation recently infected Argentina’s border control agency too. “Immigration is Down”  Over the weekend, Bleeping Computer reported that a group of ransomware attackers breached Dirección Nacional de Migraciones, Argentina’s immigration agency, on August 27. The report explained that the group had used the NetWalker ransomware, and they initially asked the immigration agency to pay $2 million to get their files back.  A ransom note that the hackers sent to the…

Continue Reading Cybercriminals Attack Argentinian Agency, Demand $4 Million in BTC Ransom 

Major Chilean bank shuts down all branches following ransomware attack

There is a nationwide alert for future ransomware campaigns against Chilean companies. Banco Estado, the only public bank in Chile and one of the three largest in the country, had to shut down its nationwide operations on Monday due to a cyberattack that turned out to be a ransomware launched by REvil. According to a public statement, the branches will remain closed for at least one day, but clarified that customers’ funds have not been affected by the incident. Citing sources close to the investigation, ZDNet reported that the REvil ransomware gang is behind the attack. It reportedly originated from…

Continue Reading Major Chilean bank shuts down all branches following ransomware attack

Ransomware hackers shut down Argentina’s borders, demand $4M BTC

Officials shut down border checkpoints for 4 hours on Aug. 27. Government officials in Argentina are refusing to negotiate with a ransomware group that forced them to briefly close all immigration checkpoints on Aug. 27. According to a Sept. 6 report on Bleeping Computer, a group of Netwalker ransomware hackers breached Argentina's immigration agency, Dirección Nacional de Migraciones, on Aug. 27 and initially demanded a $2 million payment to restore its servers.  "Your files are encrypted,” stated a ransom note on a Tor payment page sent to the immigration agency. “Only way to decrypt your files is [sic] buy the…

Continue Reading Ransomware hackers shut down Argentina’s borders, demand $4M BTC

Hackers Closed Argentina’s Borders With $4M BTC Ransom Demand

Hackers closed Argentina’s borders after they launched their attack demanding Bitcoin payments as we are reading more in today’s bitcoin news. The ransomware attack by cybercriminals will be stopped once the government pays a Bitcoin ransomware of $4 million in Bitcoin. The hackers closed the borders of the country by slowing down the immigration offices and control pools for four hours. The attackers were later identified by authorities as NetWalker which is a ransom operation that targets government or corporate computer networks. Argentina’s immigration agency was the victim this time in an attack that stopped the border crossings as the…

Continue Reading Hackers Closed Argentina’s Borders With $4M BTC Ransom Demand

The mischievous Ryuk: Combatting the ‘Death Note’-inspired ransomware

As the Ryuk ransomware continues to wreak havoc, tracking ransomware payments has become critical in stopping criminals from cashing out. There is still an element of the crypto “Wild West” in 2020, as cryptocurrency stolen through hacks and ransomware attacks is still being cashed out on major exchanges around the world. Ransomware attacks have proved to be a lucrative cash cow for cybercriminals over the past few years, with the United States Federal Bureau of Investigation estimating that over $144 million worth of Bitcoin was stolen between October 2013 and November 2019. A press conference held by the FBI in…

Continue Reading The mischievous Ryuk: Combatting the ‘Death Note’-inspired ransomware

Tesla Employee Thwarts Ransomware Attack on the Company 

The Federal Bureau of Investigation (FBI) has made significant progress in shutting down a ransomware attempt on Tesla, the country’s top manufacturer of electric vehicles. Last week, the investigative agency unsealed a criminal complaint against Pavel Kriuchkov, a 27-year old Russian citizen who tried to hatch a ransomware plan against the Silicon Valley firm. Loyal to the EV Manufacturer While the complaint didn’t mention Tesla, company-related new source, Teslarati confirmed that the firm was the attack’s target. Elon Musk, Tesla’s billionaire CEO, also acknowledged the tweet, calling it a “serious attack.” According to the complaint, Kriuchkov had tried to recruit a…

Continue Reading Tesla Employee Thwarts Ransomware Attack on the Company 

FBI and Tesla thwart $4 million Bitcoin ransomware plot

The FBI have arrested one of the conspirators in a planned ransomware attack against electric car maker Tesla. A young Russian citizen and his co-conspirators came within an inch of carrying out a major ransomware attack against Tesla — unaware that their target had already turned them in. Last week, the United States Federal Bureau Investigation (FBI) unsealed a criminal complaint against a conspirator in a thwarted ransomware plot against the electric car maker Tesla. On Aug. 22, the Bureau arrested 27 year-old Russian citizen Pavel Kriuchkov in Los Angeles, who had allegedly spent much of his month in the…

Continue Reading FBI and Tesla thwart $4 million Bitcoin ransomware plot

Ransomware Funds Are Moving In and Out of Binance

Crypto fraud, sadly, is running rampant throughout the digital space, and according to a new report, popular crypto exchange Binance – arguably the biggest cryptocurrency trading platform by daily volume – has seemingly been associated with a common form of ransomware known as Ryuk. Binance Is a Central Hub for Ryuk Enforcers Ryuk has been around since 2018. Per data from the FBI, the ransomware may be responsible for a minimum of $61 million in theft since it first emerged roughly two years ago. Ryuk works by encrypting people’s data and making it inaccessible to the original owners. It then…

Continue Reading Ransomware Funds Are Moving In and Out of Binance

End of content

No more pages to load