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BlockchaINVEST • January 7 - March 11, 2019

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Tag: ransomware

Report: No Correlation Between Crypto Mining Attacks and Legal Status of Cryptocurrency in the Country

Category: Altcoins, Business, Finance, News, Tech

Report: No Correlation Between Crypto Mining Attacks and Legal Status of Cryptocurrency in the Country

The growing popularity of cryptocurrencies has forced cybercriminals to invest resources in the development of more robust mining technologies to replace the typical ransomware Trojans, reports Kaspersky Lab’s cyber threat research arm Securelist, November 28, 2018. Cryptojacking Almost as Famous as Ransomware Attacks A cybersecurity bulletin titled “Story of the year: miners” talks about the emerging trends among the cybercriminals…

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Alaskan City of Valdez Pays off Bitcoin Ransom After Four Months

Category: Bitcoin, Blockchain, Mining, News, Platform, Regulation, Tech

Alaskan City of Valdez Pays off Bitcoin Ransom After Four Months

Officials from the City of Valdez are in the final phases of recovering information from its servers after four months of it being held by cyber-criminals demanding a bitcoin ransom, KTUU reported on November 18, 2018. Cyberattack That Held City’s Info for Ransom in Final Recovery Phase A small Alaskan town of Valdez became the victim of a malicious cyber-attack…

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Bitcoin Ransomware Strikes Port of San Diego

Category: Bitcoin, Finance, Mining, News, Platform, Tech

Bitcoin Ransomware Strikes Port of San Diego

A cybersecurity breach at the Port of San Diego on September 25 described as “serious cybersecurity incident” by Port CEO Randa Conglio was, in fact, a ransomware attack by cybercriminals demanding bitcoin. This was revealed in a report on September 28, 2018, in the Times of San Diego quoting Conglio. Effect of Ransomware Attack Speaking to the media, Conglio confirmed…

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Computer Infected by Monero Malware? There’s a Workgroup for That

Category: Altcoins, Crime, Interviews, Mining, News

Computer Infected by Monero Malware? There’s a Workgroup for That

It seems like every day the crypto news zeitgeist is reporting on yet another Monero (XMR) malware hacking attempt. The scale is different from nations, individuals, and everyone in between, but the mechanism appears relatively the same. A simple Javascript Coinhive plug-in, a wallet, and one of the strongest privacy-centric cryptocurrencies on the Internet means just about anyone can be…

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This Company Is Using Bitcoin to Help Others Pay for Ransomware Attacks

Category: Bitcoin, Business, Commentary, Crime, News

This Company Is Using Bitcoin to Help Others Pay for Ransomware Attacks

A company based in Norwalk, Connecticut is helping small businesses deal with ransomware attacks by negotiating with cybercriminals to reduce ransom amounts and paying them in bitcoin, a Forbes report from September 17, 2018, showed. When “Never Pay” Is not an Option While ransomware attacks have become a new normal to many big companies dealing with a lot of private…

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North Korea Moving to Crypto Exchanges and Mining

Category: Altcoins, Bitcoin, Crime, Exchange, Mining, News, Regulation

North Korea Moving to Crypto Exchanges and Mining

While South Korea is fast becoming a formidable force to reckon with in the global cryptospace, it’s North Korean brother has been more interested in using its distributed ledger technology expertise to wreak havoc on the world. In similar, more law-abiding news, a report from Yonhap on August 27, 2018, indicated that North Korea may be looking towards launching a…

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Vitalik Buterin’s Seven Deadly Crypto Sins: Account Security

Category: Altcoins, Bitcoin, Blockchain, Crime, Cryptocyclopedia, Ethereum

Vitalik Buterin’s Seven Deadly Crypto Sins: Account Security

In the following series, BTCManager will be walking through, in detail, seven questions posed by the co-creator of Ethereum Vitalik Buterin. These seven questions are some of the most relevant features of this booming ecosystem. From security, as in this week’s installment, to governance and everything in between. The series was inspired by a discussion between Buterin and a WeChat…

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The Anatomy of a Successful BItcoin Ransomware Attack and How to Prevent Becoming a Victim

Category: Altcoins, Bitcoin, Business, Crime, News, Tech

The Anatomy of a Successful  BItcoin Ransomware Attack and How to Prevent Becoming a Victim

In early 2016, reports of a particularly crippling ransomware attack began to surface. While many of the victims were based in the U.S., the attacks were also witnessed in other parts of the world. The ransomware has proceeded to be active since then and continues to update and better itself with each version released. What Is SamSam? Leading security outfit…

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Dutch Authorities Slap Bitcoin Ransomware Creators with 240 Hours Community Service

Category: Bitcoin, Crime, News, Regulation

Dutch Authorities Slap Bitcoin Ransomware Creators with 240 Hours Community Service

Two malicious coders who orchestrated a ransomware attack on 1,259 computers demanding bitcoin back in 2015 have finally been sentenced to 240 hours of community service by a Rotterdam court, according to a local news source NU on July 26, 2018. Community Service not Jail Term Two brothers, Melvin and Dennis van de B. have been ordered by a Rotterdam…

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Rakhni Virus Updated to Deploy Cryptocurrency Mining Software and Ransomware on Victims’ Computers

Category: Bitcoin, News

Rakhni Virus Updated to Deploy Cryptocurrency Mining Software and Ransomware on Victims’ Computers

Identified as a top cyber-threat in 2013, the nefarious Rakhni ransomware will not be left behind and is now infiltrating computers with fraudulent cryptojacking software. Updated Rakhni Targets Cryptocurrency On July 6, 2018, cybersecurity website Bleeping Computer reported unauthorized activities conducted by the Rakhni ransomware on PCs identified to be those of cryptocurrency users.  The revelation comes after Kaspersky Lab…

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