#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,...

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

November 30, 2018 by Aisshwarya Tiwari at Altcoins, Business, Finance, News, Tech

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...

Alaskan City of Valdez Pays off Bitcoin Ransom After Four Months

November 19, 2018 by Priyeshu Garg at Bitcoin, Blockchain, Mining, News, Platform, Regulation, Tech

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...

Bitcoin Ransomware Strikes Port of San Diego

October 1, 2018 by Priyeshu Garg at Bitcoin, Finance, Mining, News, Platform, Tech

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....

Report: Researchers Discover New Cryptojacking Malware for Mining Monero

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

September 30, 2018 by Liam J Kelly at Altcoins, Crime, Interviews, Mining, News

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...

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

September 18, 2018 by Priyeshu Garg at Bitcoin, Business, Commentary, Crime, News

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...

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