Search results for ransomware

2020 was quite a controversial year for the cryptocurrency industry. It started with the bearish sentiment, triggering the collapse of the market. However, the second half of the year turned out to be positive for cryptocurrency, as COVID-related lockdown triggered a significant interest in it.

Bitcoin, which was introduced to the world as a better means of payment and the future of money, has had its downsides since its inauguration. Bitcoin allows faster and cheaper transaction propagation from anywhere in the world. The cryptocurrency was designed to conceal the identities of the transacting parties and display on a chain of characters known as public address on the blockchain.

The Travelex platform, active internationally for the exchange of currencies, has been hit by a heavy ransomware attack.

The first quarter (Q1) of 2019 registered a high average Bitcoin (BTC) payout for ransomware attacks, according to statistics published by security researchers at Kaspersky Lab, and Coveware, a firm which helps victims payout. The number of users (victims) that met cryptocurrency ransomware in 2018 and Q1 of 2019 soared by over 500% and 90% respectively.

Internet users have recently reported being provoked to open a phishing email containing crypto ransomware links. Cybercriminals used the ransomware program ‘GandCrab’ to encrypt victim’s data and requested a payout in Bitcoin or Dash for lifting a block from their files.

The creators of the WannaCry ransomware virus have withdrawn all the money, $140,000 in Bitcoin.

Last months the ransomware software Wanna Cry attacked 200,000 victims in at least 150 countries worldwide and a huge fuss was made of the capability of hackers to use Bitcoin in illegal actions. Now, a new ransomware comes on stage.

A recent report from Google states that the possibility of getting infected with Android ransomware is close to zero.

In 2016 a new illegal industry emerged in the bitcoin ecosystem. Ransomware, a malicious program with the ability to encrypt a file or lock the user out totally from a computing device. Hackers invented a way of blocking user access to very important servers and demanding a ransom of bitcoin in exchange for an unlocking key.