Tag: ransomware

New Type of Bitcoin Ransomware Claims to Infect Victims With the Coronavirus

Not too many people will be surprised to learn numerous scams involving the coronavirus have come to life. One of these scams focusing on Bitcoin, and claims to “infect entire families”. There is always someone interested in using a global pandemic to their advantage. Bitcoin Ransomware and the Coronavirus In this particular case, the criminal – or criminals – aim to obtain Bitcoin. A new form of ransomware has been …
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UK Court Asks Bitfinex to Freeze a Bitcoin Balance Linked to Ransomware Proceeds

Ransomware has proven to be an incredibly lucrative solution for cyber criminals. Most of these ventures end in a certain amount of Bitcoin changing hands between criminal and victim.  Not all of the proceeds from ransomware attacks can be cashed out, however. A Ransomware Deal Gone bad In the case of Bitfinex, several of its transactions have been flagged as suspicious. So much even that roughly $860,000 worth of Bitcoin …
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New Report Confirms 15% of Ransomware Victims Paid up in 2018

Ransomware remains a very prominent trend in the IT landscape. As more victims pay the associated ransom, that trend will only grow worse.  A new report issued by Dark Reading paints a very bleak picture. Ransomware is Still a Booming Industry It determines that ransomware is still a problematic industry, for many different reasons. First of all, the number of malware attacks remains incredibly high. That is primarily due to …
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Kaspersky Confirms Ransomware Attacks on Municipal Institutions Increased by 60%

New findings by research firm Kaspersky paint a worrisome outlook. Dozens of municipal institutions have dealt with ransomware attacks throughout 2019. The rise of malware and ransomware attacks has been well documented in recent years.  The Ransomware Industry Keeps Growing One would expect institutions and corporations to smarten up after so many years. That is not necessarily the case, according to a new Kaspersky report.  Over 170 different municipal institutions …
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