Tag: ransomware

Identifying the Hidden Threat

What do basketball and cybersecurity have in common? More than you think. When you break down the stats, it’s usually all about finding the hidden threat before its too late. Cybersecurity has zero days and ransomware attack vectors. Our news outlets have been flooded with them lately: Colonial Pipeline, JBS Foods, AXA, and the list keeps growing. Basketball just posted its NBA 2020-21 season stats. Tobias Harris just posted many …
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New ransomware taskforce report published, how to disrupt ransomware and reduce effects of attacks

The Institute for Security and Technology’s Ransomware Task Force (RTF) (over 60 experts) published an 81-page report presenting 48 recommendations to disrupt the ransomware business and mitigate the effect of such attacks. More on the story here: https://securityandtechnology.org/ransomwaretaskforce/report/xxx We have an expert comment from Ilia Kolochenko CEO, Founder and Chief Architect at ImmuniWeb (bio below): “The report provides a wide spectrum of valuable and bright ideas, however, most of them are burdensome and …
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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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