Tag: ransomware

Law Firms to Open Bitcoin Wallets in Response to Ransomware Attacks No Comments

In response to a spate of hackings, some law firms have made the decision to preemptively open Bitcoin wallets to pay their attackers. John Sweeney, president of IT and cyber security advisory company LogicForce claimed that accounts would be used to settle ransoms as a "last resort" and the measure should be part of a wider contingency plan. For Sweeney, the decision is proactive rather than r...


ransomware, cryptocurrency, bitcoin, The Ultimate Guide To Dealing With Bitcoin In a Hacker-Proof Computing Environment

Alabama County Succumbs to Bitcoin Ransomware Demands No Comments

Yet another incident of hackers using Bitcoin as a payment method for ransomware attacks has surfaced. One of the largest counties in Alabama was the victims this time, and the security breach and subsequent encrypting of sensitive information cost the local government a not-inconsequential $37,000. The figure sounds a lot, but when you consider that County Commission Chairman Elton Dean estima...


ransomware

New Ransomware Doesn’t Want Your Bitcoins but Prefers Naked Pictures No Comments

Bitcoin and cryptocurrency have often been associated with ransomware over the past few months. Most types of malware effectively demand a payment in BTC before files are restored. nRansom proves to be a very different creature, as it has no interest in cryptocurrency whatsoever. That is good news for the industry, but the new payment method is even stranger. Victims are asked to send at least 10 ...


NewsBTC BTC-E Ransomware Bitcoin

BTC-E Is Responsible for Laundering 95% of all Ransomware Proceeds No Comments

Most people are aware of how ransomware works these days. After getting infected with malicious software, victims have to pay a Bitcoin sum to get their files restored. One question hardly anyone knew the answer to was how the criminals cashed out these Bitcoin proceeds. As it turns out, 95% of all collected funds were sold on the BTC-E exchange. That is a very disturbing development, especially w...


Speculators Eye the Day When Bitcoin Price Hits $1 Million No Comments

Cryptocurrency speculators and investment gurus are having a great time predicting Bitcoin's future as the popular digital currency's price continues to break records on a regular basis. A well-informed prediction, a random guess or just wishful thinking, everyone is coming up with a new Bitcoin price forecast. The latest one puts the cryptocurrency's price at $1 million in the future. Televisi...


Are People Becoming Immune to Ransomware Threats? No Comments

Bitcoin and ransomware share a profound yet undesirable connection, thanks to its extensive use by cybercriminals to demand ransom payments. The recent worldwide WannaCry ransomware attack could turn out to be the much-required tipping point which can shift the scales against those behind ransomware. Amid rising concerns about increasing Bitcoin ransomware attacks, WannaCry targeted thousands o...


ransomware, wannacry, bitcoin

WannaCry Influences Companies to Stock Bitcoin for Ransomware Emergencies No Comments

Ransomware attacks aren't new to the internet. There are recorded instances of such attacks even before Bitcoin came into existence. However, in the recent years, the number of ransomware attacks involving demands for payment in Bitcoin has rocketed through the roof. These incidents, mostly targeting businesses have put many companies on edge, forcing them to invest in Bitcoin as a measure to deal...


wannacry, ransomware

A Twist in the Narrative: Bitcoin Transactions Could Help Catch Those Behind WannaCry No Comments

Bitcoin has received a lot of negative press in the past, especially due to its increased usage among cybercriminals. But now, after a global scale WannaCry ransomware attack, the narrative about Bitcoin and its connections to crime seems to have taken a positive turn. According to a recent statement by the Head of Global Cybercrime at the United Nations, the Bitcoin ransom paid by some of the Wan...


wannacry, ransomware

Bitcoin Ransomware Makes Global IT Infrastructure “WannaCry” No Comments

One Bitcoin Ransomware attack on a global scale has literally lived up to its name “WannaCry.” The ransomware which is said to have compromised systems in more than 78 countries, including few vital networks like the ones belonging to UK's NHS has received worldwide coverage. Based on the available reports, the ransomware worm also known as WannaCrypt, WanaCrypt or WCry targeted vulnerable com...


ransomware, kaspersky, xpan

Repackaged XPan Ransomware Makes a Comeback in Brazil No Comments

Computer viruses and malware are known to evolve rapidly to stay a step ahead of antivirus and cybersecurity software. But sometimes hackers make a quick buck by reusing the same malicious application under different names. While there is a question of such ransomware's efficiency due to the availability of solutions to deal with such threats, criminals behind it have started to opt for a more loc...


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