Tag: ransomware

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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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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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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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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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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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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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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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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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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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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