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Disrupting Ransomware by Disrupting Bitcoin

Schneier on Security

Ransomware isn’t new; the idea dates back to 1986 with the “Brain” computer virus. This is where the suggestion to ban cryptocurrencies as a way to “solve” ransomware comes from. In this light, banning cryptocurrencies like bitcoin is an obvious solution.

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The Link Between Ransomware and Cryptocurrency

eSecurity Planet

There are few guarantees in the IT industry, but one certainty is that as the world steps into 2022, ransomware will continue to be a primary cyberthreat. The dangers from ransomware have risen sharply since WannaCry and NotPetya hit the scene in 2017, and this year has been no different. Cryptocurrency Fuels Ransomware.

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DarkSide Ransomware Gang Quits After Servers, Bitcoin Stash Seized

Krebs on Security

The DarkSide ransomware affiliate program responsible for the six-day outage at Colonial Pipeline this week that led to fuel shortages and price spikes across the country is running for the hills. The DarkSide message includes passages apparently penned by a leader of the REvil ransomware-as-a-service platform.

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BlackCat Ransomware Group Implodes After Apparent $22M Payment by Change Healthcare

Krebs on Security

healthcare giant Change Healthcare has made a $22 million extortion payment to the infamous BlackCat ransomware group (a.k.a. On March 1, a cryptocurrency address that security researchers had already mapped to BlackCat received a single transaction worth approximately $22 million. There are indications that U.S.

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Conti Ransomware gang pays salaries and develops cryptocurrency

CyberSecurity Insiders

But here’s a news piece that gives details of a ransomware group that paid $6 million in salaries last year and even tried to develop its cryptocurrency. Conti Ransomware group is the hacking group in discussion and is reported to have been led by an individual code named ‘Stern’.

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Hackers Hold Instagram Influencers’ Accounts Hostage with Ransomware

Adam Levin

High-profile Instagram accounts are being targeted by ransomware attacks and phishing schemes, with evidence suggesting that many account holders are paying the attackers. W]e will have to delete your account within 3 hours,” the hackers’ message adds, threatening to wipe out the account if the ransom isn’t paid.

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Feds Seize LockBit Ransomware Websites, Offer Decryption Tools, Troll Affiliates

Krebs on Security

authorities have seized the darknet websites run by LockBit , a prolific and destructive ransomware group that has claimed more than 2,000 victims worldwide and extorted over $120 million in payments. LockBit members have executed attacks against thousands of victims in the United States and around the world, according to the U.S.