#ransomware News

Hackers Demand $6 Million Bitcoin Ransom from Travelex

January 8, 2020 by Osato Avan-Nomayo at Bitcoin

UK-based currency exchange site Travelex is the latest victim of suspected cybercriminals demanding Bitcoin (BTC) ransom. The BBC reports that the alleged hackers want $6 million in BTC in exchange for the decryption of the company’s hacked files. $6 Million According to the BBC, currency exchange giant Travelex suffered a...

Mexico: State-Owned Oil Firm Targeted in $5 Million Bitcoin Ransomware Attack

November 13, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

Petroleos Mexicanos (PEMEX), a state-owned petroleum company established in 1938, has suffered a ransomware attack that has succeeded in shutting down its computers and online payment systems. The hackers are demanding for 565 BTC and have given the firm a 48-hour deadline to send the money. DoppelPaymer Attacks PEMEX In...

Bitcoin Ransomware Scare Shuts Down Johannesburg Online Processes

October 25, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

Johannesburg, South Africa’s biggest city has been forced to temporarily shut down all its online operations including its website, e-services, and billing systems, as a precautionary measure against a bitcoin (BTC) ransomware attack allegedly orchestrated by a group called the “Shadow Kill Hackers,” reports News24 on October 25, 2019. Bitcoin...

Spanish City Battles Ransomware Attack as Hackers Demand for Bitcoin

October 8, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

The online processes of Jerez de la Frontera, a city of more than 200k inhabitants located in southern Spain, have been crippled by a severe ransomware attack. The hackers are demanding an undisclosed amount in bitcoin and Spanish authorities are yet to pay the ransom and have instead deployed three...

New York City College Struck by Ransomware, $1.9 Million in Bitcoin Demanded

July 15, 2019 by Ashwath Balakrishnan at Bitcoin

Munroe College in Manhattan has been hit by a ransomware attack that has shut down the college's computer systems. The hackers are demanding 170 bitcoin (BTC), which is roughly $1.9 million. The malware infection came to light on the morning of July 10, but the specifications of the infection are...

Ransomware: Another U.S. City Pays Hackers Over $500k in Bitcoin

June 27, 2019 by Ogwu Osaemezu Emmanuel at Crime, News

The leaders of Lake City, a city of less than 70,000 people, located in central north Florida’s Columbia County, have paid the sum of 42 bitcoin (about $523k at press time ) to the hackers who orchestrated the catastrophic ransomware attack that totally crippled the area’s online processes two weeks...

Computer with a Red Skull and Crossbones

Florida’s Riviera Beach Authorities Set to Pay Hackers over $650,000 in Bitcoin

June 22, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

Riviera Beach, a tiny city of roughly 35,000 people located just north of West Palm Beach in Miami, Florida, has been crippled by a deadly ransomware attack and the leaders of the city have agreed to cough out a whopping 65 bitcoin (over $650,000 at press time) to regain their...

Evil hacker tentacles emerging from a red screen

Baltimore Struggles to Tackle Ransomware Attack as Hackers Demand $10,000 per Day

May 24, 2019 by Mohammad Musharraf at Crime, News

The entire United States' city of Baltimore is heading through what can be termed as a communication network blackout. Zero Hedge report published May 23, 2019, stated that the hackers who conducted the ransomware attack to crumple the city’s communication are now demanding $10,000 dollar worth of bitcoin per day....

Verizon Security Report: 23 Percent of Data Breaches Carried Out by State-Sponsored Cybercrime Syndicates

May 9, 2019 by Osato Avan-Nomayo at Altcoins, Bitcoin, Crime, Cybersecurity, News

A Verizon internet security report shows that state-sponsored hacking is becoming an increasingly larger part of global cybercrime, ZDNet reports, May 8, 2019. The Verizon report also showed that hackers prefer cryptocurrency to launder their stolen funds or to demand ransom payments. State-Sponsored Hacking Becoming a Clear & Present Danger...

Blind Woman of Justice Standing in front of a Computer Being Cryptojacked

Cryptojacking: Malicious Cryptocurrency Mining Is not a Crime, Japanese Court Rules

March 28, 2019 by Osato Avan-Nomayo at Altcoins, Crime, Mining, News, Regulation

A court in Japan has acquitted an individual accused of embedding a cryptojacking malware in his website to surreptitiously mine cryptocurrency using the computing power of the visitors to the site. Local Japanese media platform, The Mainichi reports that the court ruled that such activity wasn’t a criminal offense. Meanwhile,...

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