Ransomware

Binance Fails to Prevent Hackers from Laundering Stolen Cryptocurrency Funds
Aug 26, 2020 at 14:53
News
Binance Fails to Prevent Hackers from Laundering Stolen Cryptocurrency Funds
Hackers use Binance cryptocurrency exchange to launder stolen money. As per the report by the federal Bureau of Investigation (FBI), a principal federal law enforcement agency, ransomware dubbed Ryuk has been used since its creation in 2018 to steal cryptocurrency worth $61 million.
The King for Thieves: Criminals Tend to Choose Monero Over Bitcoin
Jul 02, 2020 at 13:28
News
The King for Thieves: Criminals Tend to Choose Monero Over Bitcoin
Cryptocurrency has been attracting illegal dealers since its very inception. Due to its anonymity and security, Bitcoin was widely used as a payment method on the darknet shadow markets. However, lately criminals started paying more attention to Monero as this cryptocurrency allows for an enhanced secrecy and disguise.
Is Bitcoin and Cryptocurrency Still Used in Terror Financing?
Feb 24, 2020 at 10:40
News
Is Bitcoin and Cryptocurrency Still Used in Terror Financing?
Since the birth of Bitcoin, cryptocurrencies have been criticized for supporting illegal activities including terror operations, drug trading, human trafficking, money laundering, sex, frauds, monetizing ransomware, purchasing illicit products, and many others. People know how that accusation can damage the reputation and legal status of cryptocurrencies.
Travelex Attackers Are Demanding Over 741 Bitcoin Ransom
Jan 09, 2020 at 13:45
News
Travelex Attackers Are Demanding Over 741 Bitcoin Ransom
The Travelex platform, active internationally for the exchange of currencies, has been hit by a heavy ransomware attack.
US City Riviera Beach Paid $600,000 in Bitcoin to Cyber Criminals
Jun 27, 2019 at 10:06
News
US City Riviera Beach Paid $600,000 in Bitcoin to Cyber Criminals
The United States (US) City Riviera Beach, Florida, paid a ransom of around $600,000 in Bitcoin (BTC) to cyber criminals. The anonymous hackers took control of the city’s systems a few weeks back as part of a perturbing tendency striking a multitude number of administrative systems in the US. The attackers demanded the ransom to be paid in Bitcoin, the world’s oldest cryptocurrency.
Bitcoin & Cryptocurrency Ransomware Attacks Soars by Over 500%
May 13, 2019 at 13:47
News
Bitcoin & Cryptocurrency Ransomware Attacks Soars by Over 500%
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.
Crypto Ransomware Attacks Soppy Users Demanding Money
Feb 17, 2019 at 15:25
News
Crypto Ransomware Attacks Soppy Users Demanding Money
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.
Crypto Mining Malware has Become a New Way of Tricking Innocent Users
Dec 03, 2018 at 16:51
News
Crypto Mining Malware has Become a New Way of Tricking Innocent Users
Ransomware has always been the main means of getting access to easy money for cybercriminals. However, the tendency shifted since new powerful financial technology began to evolve. Cryptocurrency mining platforms, especially those focused on Bitcoin and Monero, have become the favourite victims of malware programs.
Police Warns Users of New Deadly Ransomware Scam &  Urge Not to Pay the Bitcoin Ransom
Oct 17, 2018 at 15:29
News
Police Warns Users of New Deadly Ransomware Scam & Urge Not to Pay the Bitcoin Ransom
A new deadly virus known as Dharma is seriously infecting computers (PCs) and servers by encrypting and locking files, which can only be successfully unlocked via a Bitcoin payment, responsible authorities warned on October 16, 2018.
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