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Tag: ransomware

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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Largest India Conglomerate Victim of Monero Cryptojacking

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

Largest India Conglomerate Victim of Monero Cryptojacking

Aditya Birla Group, one of India’s top business conglomerates is the first victim of a “cryptojacking” attack that occurred In April 2018. The attack was first detected in some of the conglomerates overseas subsidiary’s, but it quickly spread to manufacturing and other companies closer to home within days. First in India, but Illicit Mining Is a Long-Standing Problem Over 2,000…

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Hong Kong Gangsters Not Interested in Cryptocurrencies

Category: Altcoins, Bitcoin, Business, News, Regulation

Hong Kong Gangsters Not Interested in Cryptocurrencies

The Money Laundering and Terrorist Financing Risk Assessment Report released by the Hong Kong Financial Services and Treasury (FSTB) has concluded that cryptocurrencies are not a tool employed by the island’s criminal fraternity. Hong Kong is currently witnessing stern discourse around whether the city is doing enough to combat financial crime. Hong Kong a Powerful, Free Economy Struggling With Regulation…

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Real-World Crimes Involving Bitcoin and Ethereum Are on the Rise

Category: Altcoins, Bitcoin, Ethereum, News

Real-World Crimes Involving Bitcoin and Ethereum Are on the Rise

Most people think of cryptocurrency-related heists as incidents where crafty hackers compromise computers, steal victims’ Bitcoin wallet keys and transfer the funds away. This misconception is well-founded and is indeed exactly how many tech-savvy crooks have masterminded the most notorious theft campaigns in this domain. However, some malefactors go the old school route and coerce owners into parting with their…

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DOJ Slaps Sanctions on Iranians Behind HBO Bitcoin Ransomware Attack

Category: Bitcoin, News, Regulation

DOJ Slaps Sanctions on Iranians Behind HBO Bitcoin Ransomware Attack

The United States Department of Justice, in coordination with the Department of Treasury, has slapped charges against one Iranian entity and ten of its nationals as a part of a broader crackdown on hackers. The press release dated March 23, 2018, reveals that the individuals had engaged in the theft of valuable intellectual property from organizations across America and elsewhere,…

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Hackers Block Access to Atlanta Government Computers, Demand Bitcoin Ransom

Category: Bitcoin, News, Tech

Hackers Block Access to Atlanta Government Computers, Demand Bitcoin Ransom

According to a report published by Fortune, this Thursday, March 22, Hackers have attacked and blocked the access to critical computer systems of the Atlanta city government. The hackers are now demanding a ransom of $51,000 to be paid in bitcoin to provide the cryptographic key that unlocks the issue. The report said that several central governmental systems in Atlanta…

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Thanatos Ransomware: The First to Demand Bitcoin Cash as Ransom

Category: Altcoins, Finance, News, Tech

Thanatos Ransomware: The First to Demand Bitcoin Cash as Ransom

MalwareHunterTeam, a group malware researchers, discovered a ransomware dubbed Thanatos that demands ransom in bitcoin cash (BCH). Ransomware has surfaced the web for quite some time now and is usually linked with cryptocurrencies such as monero and zcash. However, Thanatos is the first that demands payment from victims in BCH. MalwareHunterTeam announced about their discoveries via a tweet. Monero and…

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