In an interview with CNBC’s Squawk Box this week, former Federal Reserve Chair Ben Bernanke dished out some heavy crypto criticism, opining that “they were intended to be a substitute for fiat money a...
Tag: Ransomware
The UK Is Set To Promote Crypto Adoption And Crackdown On Ransomware Attacks Following Queen’s Speech ⋆ ZyCrypto
Advertisement     While regulatory uncertainty plagues crypto markets in developed economies, the UK looks set to turn this around. Following the “Queen’s Speech” to k...
US offers $15 million in rewards for information on Russia-based Conti ransomware group
The United States is offering rewards totaling as much as $15 million for information on the Russia-based Conti ransomware group, State Department spokesman Ned Price said in a statement on Friday. Th...
The US Offers $15 Million: In Exchange For Information Regarding Conti Ransomware
Ransomware attacks are common and remain to be a threat as they are constantly being carried out by various groups. The U.S.Department of State has set a considerable sum of money in turn ...
US offers $15M for info on Conti ransomware
The U.S.Department of State set two separate bounties for information on the Conti ransomware organized crime group totaling $15 million. Any information that helps identify or locate the Conti group ...
Why Monero [XMR] is a growing favorite among ransomware groups
Monero is reportedly the most favored currency used by ransomware actors. A recently released study by CipherTrace reports on the trends in ransomware in 2021. The study titled, “Current Trends in Ran...
Monero Becomes First Choice Of Ransom Payments: “double extortion” Ransomware Attacks Increases By 500%
CipherTrace, a blockchain analytics firm, has revealed the growing influence of privacy-focused crypto assets such as Monero in the growth of ransomware. The report titled “Current Trends in Ransomwa...
Report: Ransomware groups show preference for Monero, charge more for Bitcoin ransom
Ransomware attackers prefer to receive their ransom payment in a popular privacy token, Monero (XMR), due to its ability to obfuscate sending and receiving wallets, according to a report by blockchain...
CipherTrace report increased XMR payments for ransomware attacks 1
TL; DR Breakdown CipherTrace reports an increase in XMR payments for ransomware Chainalysis data confirms the CipherTrace report Hackers are dumping BTC for XMR CipherTrace, a blockchain firm in the c...
Monero’s crypto of choice as ransomware ‘double extortion’ attacks increase 500%
A new report by blockchain analytics firm CipherTrace highlights the growing role that privacy-focused cryptocurrencies such as Monero are playing in the rising tide of ransomware. “Current Trends in ...
No, Cryptocurrencies Are Not Causing Any Ransomware Epidemic – crypto.news
Vice’s Christian Devolu argues that cryptocurrency has fundamentally changed how cybercrime is carried out. In the past, hackers have used ransomware to extort money from prominent organizations, and ...
Cryptocurrency ransomware attacks cross milestone with Russian group Conti leaks
Cryptocurrency ransomware reaches new heights with Russian ransomware attack Conti group is hurt by leaks as the Ukraine war continues to wage The group has supported Russia’s invasion of Ukraine A ...
Russian ransomware group Conti hurt by leaks amid Ukraine fighting
A Russian organization known as Conti, which the FBI calls one of the most prolific ransomware groups of 2021, has been damaged by leaks detailing its size, leadership and business operations, as well...
Crypto Use Aids Ransomware Investigations According To US Financial Regulator
As cybercrime increased with the spread of the COVID-19 pandemic and cyberwarfare became a hot topic following Russia’s attack on Ukraine, cryptocurrency increasingly became associated with illegal an...
Sebastien Vachon-Desjardins to Face Trial in U.S. for Crypto Ransomware Scheme
A Canadian government employee thought to be involved in a series of crypto-related ransomware attacks has been extradited to the United States to face judgement. Sebastien Vachon-Desjardins – who wor...
Department of Justice Seizes Over $28,000,000 in Crypto From Hacker Accused of Serial Ransomware Attacks
The U.S. Department of Justice (DOJ) is seizing more than $28 million worth of Bitcoin (BTC) from a hacker accused of participating in a ransomware attack that impacted victims all over the world. Acc...
Ex-Canadian government employee extradited to the US in crypto ransomware case
Crypto ransomware case linked to NetWalker has led to the extradition of ex-Canadian government employee Sebastien Vachon-Desjardins worked for the Public Works and Government Services The attack wa...
Canadian Police Seize Bitcoin Worth $28 Million From Former Government Employee in Ransomware Case – Regulation Bitcoin News
Canada’s police have seized bitcoin worth more than $28 million from a former government employee who has been extradited to the U.S. to “face charges for dozens of ransomware attacks resulting in the...
US Officials seize $28 million in crypto, Canadian Ransomware suspect handed to the US
A former Canadian Government employee was extradited to the US to face charges for participating in the Netwalker ransomware to take out millions of dollars from the victims. Netwalker ransomware has ...
Omnibus Bill: The House to Focus on Provisions on Ransomware and Chinese Yuan
An Omnibus Bill passed the House of Representatives and is directed towards the Senate. The Bill consists of provisions on China’s Central Bank Digital Currency and requirements regarding ransom...
‘Ransomware’ Charges Brought against Canadian Man in the US
The US Department of Justice announced on Thursday that a Canadian man was extradited to the United States to face charges for dozens of ransomware attacks, resulting in the payment of tens of million...
$1.5 trillion omnibus bill leaves the House with provisions targeting ransomware and China’s digital yuan
advertisement A long-delayed appropriations bill for 2022 has passed in the House of Representatives and is heading for the Senate as of March 9. Included in the bill’s 2,741 pages of legislatio...
Alleged ransomware attacker extradited to the US, $28.2 million in bitcoin seized
A Canadian man was extradited to the US on Wednesday after being accused of conducting ransomware attacks in 2020. Sebastien Vachon-Desjardins, 34, from Quebec, was accused of carrying out dozens of ...
Ransomware group threatens to release Nvidia’s ‘most closely guarded secrets’
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PST, subscribe here. Hello and welcome to Daily Crunch for Friday, March 4, 2022! It’s F...
Ransomware Group Suffers Data Leak After Siding With Russia
One of the most successful ransomware groups has experienced a massive leak of internal data after it sided with Russia in the Ukrainian conflict. The data leak from Conti, a cybercriminal group belie...
U.S. Banks Brace For Retaliatory Ransomware Attacks From Russia
Major U.S. banks are expecting retaliatory ransomware attacks following the imposition of tough sanctions on Russia for invading Ukraine, cyber specialists and executives say. Tensions between Russia ...
Alert: Don’t be the next victim of crypto ransomware, know how to secure assets
According to a recent Fortinet report, ransomware employment growth increased by 1,070 percent between July 2020 and June 2021, with other experts verifying the spread of this kind of extortion. Rans...
Want to weed out ransomware? Regulate crypto exchanges
Just between July 2020 and June 2021, ransomware activity soared by a whopping 1,070%, according to a recent Fortinet report, with other researchers confirming the proliferation of this mode of extort...
FBI Says Crypto Payments Are a ‘Huge Challenge’ Amid Rise in Ransomware Attacks
During a virtual panel with Bloomberg on Tuesday, the assistant director of the FBI’s Cyber Division, Bryan Vorndran, said that “crypto is the primary currency, the primary vehicle, to fac...
74% of stolen funds from ransomware attacks went to Russian-affiliated wallet addresses in 2021
According to a new report published by blockchain analytics firm Chainalysis on Monday, approximately 74%, or over $400 million USD, of ransomware revenue last year were funneled into high-risk wallet...