Malwarebytes

JANUARY 10, 2024

We have seen several high-profile accounts that were taken over on X (formerly Twitter) only to be used for cryptocurrency related promotional activities, like expressing the approval of exchange-traded funds (ETFs). A spot Bitcoin ETF will buy the cryptocurrency directly, “on the spot”, at its current price, throughout the day.

Accountability 92

Accountability Scams Hacking Cryptocurrency 92

Malwarebytes

FEBRUARY 17, 2023

Depending on the flow of infection, targets can expect to find a demand for payment to unlock encrypted files or sneaky malware looking to grab cryptocurrency details from system clipboard functions. The email is cryptocurrency themed, and claims that a payment of yours has “timed out” and will need resending.

Ransomware 78

Ransomware Malware Cryptocurrency Encryption 78

CyberSecurity Insiders

JANUARY 5, 2022

In support of the Gramm Leach Bliley Act, FTC is advising companies to follow the CISA formulated guidance to mitigate the risks associated with Log4J. Usually, such gangs steal data and then encrypt a database until a ransom is paid in Cryptocurrency. Also, these gangs are capable of wiping out data from backup systems. .

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Backups Cryptocurrency Ransomware Software 128

Krebs on Security

AUGUST 9, 2019

And that posed risks based on what we did say publicly while the ransom negotiations were going on. “It was a very substantial amount, but we had the money wired and were ready to pay it in cryptocurrency in the case that it made sense to do so,” he told customers.

Phishing 208

Phishing Backups Ransomware Encryption 208

Malwarebytes

APRIL 6, 2022

Where scams sometimes diverge from real fundraising sites is in requesting payment via cryptocurrency. There are things you can do to lessen the risk from awful scams such as the above. While cryptocurrency is being used for some forms of genuine donation, it’s a bear-pit out there, and this should be a red flag.

Scams 112

Scams Cryptocurrency Backups Phishing 112

Malwarebytes

OCTOBER 27, 2023

In a security blog about Octo Tempest Microsoft states: “Octo Tempest monetized their intrusions in 2022 by selling SIM swaps to other criminals and performing account takeovers of high-net-worth individuals to steal their cryptocurrency.” Create offsite, offline backups. Don’t get attacked twice.

Social Engineering 98

Social Engineering Engineering Ransomware Backups 98

Malwarebytes

NOVEMBER 6, 2023

In 2022, Octo Tempest began selling SIM swaps to other criminals and performing account takeovers of high-net-worth individuals in order to steal their cryptocurrency. Create offsite, offline backups. Keep backups offsite and offline, beyond the reach of attackers. Don’t get attacked twice.

Ransomware 104

Ransomware Backups Accountability Social Engineering 104

Malwarebytes

JULY 27, 2022

Given the rising energy prizes and the falling, yet still profitable, cryptocurrency exchange rates, we wouldn’t be surprised to find servers abused for cryptomining. vulnerability to take over Windows servers and install a malware strain that mined the Electroneum cryptocurrency. Mitigation, detection, and remediation.

Backups 87

Backups Cryptocurrency Passwords Internet 87

Security Boulevard

MAY 23, 2022

This could put the rest of the network at risk of becoming part of the Sysrv-K botnet,” according to Microsoft. “We At its core a cryptocurrency miner. At its core, Sysrv is a worm and a cryptocurrency miner, Cujo AI, a cyberseucrity company, said in a September 2021 blog. Sysrv was first discovered in December 2020.

Cryptocurrency 64

Cryptocurrency Backups Malware Passwords 64

eSecurity Planet

JUNE 16, 2022

This represents the greatest transfer of economic wealth in history, risks the incentives for innovation and investment, is exponentially larger than the damage inflicted from natural disasters in a year, and will be more profitable than the global trade of all major illegal drugs combined,” the report warned. Backup and encryption.

Backups 141

Backups Ransomware Firewall Malware 141

Malwarebytes

MAY 18, 2022

The variant they focused on uses a range of known exploits for vulnerabilities in web apps and databases to install cryptocurrency miners on both Windows and Linux systems. Once it has gained a foothold and the bot malware is running on a compromised system it deploys a Monero cryptocurrency miner. The favorite cryptocurrency.

Cryptocurrency 67

Cryptocurrency IoT Malware DDOS 67

Malwarebytes

FEBRUARY 21, 2023

According to Varonis, there’s no outright demand for Bitcoin or another form of cryptocurrency. Create offsite, offline backups. Keep backups offsite and offline, beyond the reach of attackers. We don’t just report on threats—we remove them Cybersecurity risks should never spread beyond a headline.

Cyber Insurance 84

Cyber Insurance Insurance Ransomware Encryption 84

eSecurity Planet

JANUARY 6, 2022

Third-party Risks Take Center Stage. Third-party risks are at the forefront of security concerns, with identity risk management provider SecZetta predicting that “supply chain paranoia” will take over the cybersecurity world this year. Also read: Best Third-Party Risk Management (TPRM) Tools for 2022. .”

Ransomware 128

Ransomware Cybersecurity Artificial Intelligence CISO 128

Malwarebytes

JANUARY 22, 2023

The data is based on an analysis of the cryptocurrency addresses known to be controlled by ransomware attackers. We don’t just report on threats—we remove them Cybersecurity risks should never spread beyond a headline. in 2021 to at least $456.8 For those interested, the report provides a lot more details.

Ransomware 80

Ransomware Backups Cryptocurrency Risk 80

SC Magazine

JUNE 28, 2021

When a company is hit with ransomware, they’re often faced with three choices: pay up, lean on backups or rebuild the entire IT network. In fact, many companies that buy cyber insurance tend to view it as a tool for resilience against cyber attacks rather than a risk mitigation tool. The findings echo similar claims made in a U.S.

Cyber Insurance 136

Cyber Insurance Insurance Ransomware Marketing 136

Security Affairs

OCTOBER 31, 2022

In the early afternoon of Friday 12 May 2017, the media broke the news of a global computer security attack carried out through a malicious code capable of encrypting data residing in information systems and demanding a ransom in cryptocurrency to restore them, the Wannacry ransomware. What should we learn from this?

Malware 98

Malware Computers and Electronics Encryption Ransomware 98

Malwarebytes

AUGUST 25, 2023

Even so, they were able to steal close to $126,000 from five victims by abusing the SIM data used to secure their cryptocurrency accounts. One particularly unusual aspect of this attack would be Lapsus$ demanding that Nvidia make all of their graphics card drivers open source, or else risk internal data being leaked.

Ransomware 81

Ransomware Backups Software Cryptocurrency 81

eSecurity Planet

FEBRUARY 16, 2021

For access to the decryption key, the victim must make prompt payment, often in cryptocurrency shielding the attacker’s identity. Below we outline 18 industry tips for actions you can take to reduce your risk of a ransomware attack: Action. Offline Backups. Attackers will inform the victim that their data is encrypted.

Ransomware 97

Ransomware Backups Software Encryption 97

Spinone

AUGUST 13, 2019

To be able to access them, you need a digital key, which you will get after you pay a ransom, usually in cryptocurrency. Google Drive Can Become a “Ricocheted Victim” of Ransomware T hrough the Backup & Sync Tool Backup & Sync is a free synchronization tool from Google. Educate yourself and your employees.

Ransomware 70

Ransomware Backups Encryption Malware 70

SecureWorld News

SEPTEMBER 23, 2021

His unique insights around cybersecurity-related topics shine a light on ransomware risk for organizations, government agencies, and the public. It starts with having a robust strategic plan that focuses on risk management. Within that, it's four categories: preparation, updates, protection, and backups.

Ransomware 73

Ransomware Cyber Insurance Insurance Government 73

Spinone

JANUARY 28, 2020

This is why this type of ransomware is considered a medium-risk type. The payment is always in Bitcoin or another digital cryptocurrency that is hard/impossible to track. New ransomware forms can even seep into your backup and encrypt it, leaving you with no options rather than to pay. Otherwise, it will keep encrypting files.

Ransomware 52

Ransomware Backups Encryption Malware 52

SC Magazine

JUNE 15, 2021

In that sense, leaders across the executive team are being briefed about the likelihood of attack, and weighing potential costs tied to risk against nearer term cybersecurity investments. They’re not going to save $250,000 at the risk of, say, $5 million,” Corll added. And they’re taking fewer chances.

Ransomware 60

Ransomware Insurance Cyber Insurance Risk 60

Security Affairs

MAY 15, 2022

The botnet also supports scanning capabilities for WordPress configuration files and their backups, the feature allows operators to access sensitive data, including database credentials. This could put the rest of the network at risk of becoming part of the Sysrv-K botnet. ” reads a Tweet published by Microsoft.

Security Intelligence 83

Security Intelligence Malware Architecture Backups 83

Pentester Academy

FEBRUARY 23, 2023

or sign up for a 7-day, risk-free trial with INE and access this lab and a robust library covering the latest in Cyber Security, Networking, Cloud, and Data Science! It targets the Windows operating system by encrypting data and demanding ransom payments in the form of cryptocurrency (Bitcoin). The countdown is also shown to the user.

Ransomware 52

Ransomware Encryption Cryptocurrency Banking 52

Thales Cloud Protection & Licensing

NOVEMBER 2, 2017

In just a few short years, Bitcoin, the innovative cryptocurrency underpinned by Blockchain technology, has earned broad legitimacy and won plaudits from many top technologists, investors, and even bankers. So participation was limited… …until cloud wallets came along. Think about it for a moment.

Technology 90

Technology Backups Cryptocurrency Risk 90

SecureWorld News

SEPTEMBER 27, 2020

Now that some companies have managed to avoid paying ransom by restoring from backup, the gangs have upped their game. This last point about lawyers and cryptocurrency hits home and bothers me the most. I certainly agree that the largely unregulated flow of cryptocurrency is unworkable and ultimately brings more harm than good.

Ransomware 67

Ransomware Cryptocurrency Computers and Electronics Banking 67

Webroot

FEBRUARY 11, 2021

This is a scam that’s been around for years and since no one can reverse a cryptocurrency transaction, it’s very likely here to stay. With the increase of remote workers using unsecured systems and personal devices to access corporate networks, all businesses are at risk from opportunists who bait remote employees.

Scams 108

Scams Phishing Firewall Social Engineering 108

NetSpi Executives

APRIL 27, 2024

Victims pay ransomware adversaries for decryption keys through cryptocurrency, such as Bitcoin. Hunt and destroy or encrypt backups hosted in local and cloud networks as well as virtual machine snapshots. Protect your backup systems. Does backup protect against ransomware? Test your ability to restore from backups.

Ransomware 52

Ransomware Cyber Insurance Backups Insurance 52

Malwarebytes

FEBRUARY 8, 2023

The Ryuk ransoms, paid in cryptocurrency such as Bitcoin, were split into smaller portions and then forwarded on to multiple cryptocurrency wallets and then placed into exchange accounts for other forms of currency. This should include restoring from backups, client outreach, and reporting to law enforcement among others.

Ransomware 82

Ransomware Backups Cryptocurrency Social Engineering 82

Pen Test

OCTOBER 10, 2023

Victims are instructed to pay a ransom payment, usually demanded in cryptocurrency, in exchange for the decryption key. Double extortion introduces catastrophic risks of data breach and loss of customer trust if sensitive information gets leaked publicly. Use immutable object storage for backups. Don't let patching lag.

Ransomware 52

Ransomware Backups Insurance Cyber Insurance 52

Webroot

OCTOBER 1, 2021

The deepfake showcased a bogus discussion of an obscure cryptocurrency that helped to bolster financial gains for the currency. Matt Aldridge, lead solutions consultant at Carbonite + Webroot, forecasted, “All forms of the energy sector will continue to be at serious risk. A very clever technique,” says Milbourne.

Ransomware 112

Ransomware Backups Threat Reports Small Business 112

Security Boulevard

FEBRUARY 9, 2023

With victims now making progress against the threat of encryption and leveraging backups, threat actors will likely rely more heavily on the threat of extortion going forward. This, in turn, may spark law enforcement operations to prosecute cryptocurrency cyberattacks, but will come at the cost of reduced privacy to users.

Technology 52

Technology Cybersecurity Cryptocurrency Education 52

Spinone

MAY 8, 2020

Coupled with the current pandemic and the cybersecurity threats that have been very prevalent and growing in recent years such as ransomware, there are many different cyber risk types n 2020 that your business needs to prepare for. How can your business minimize the risk of a cyberattack on your business-critical data?

Cyber Attacks 78

Cyber Attacks Phishing Backups Ransomware 78

eSecurity Planet

JULY 25, 2023

Incident response inside an organization often depends on a specialized security team that is tasked with quickly identifying and addressing active security incidents and notifying the business of potential security risks. Cryptojacking : Unauthorized use of a computer’s processing power to mine cryptocurrencies.

Software 86

Software Data breaches DDOS Ransomware 86

SecureWorld News

AUGUST 21, 2020

The ISO assisted the college in restoring locally managed IT services and systems from backup copies. The University had servers encrypted but restored the systems and the access from backups. The University made the payment in cryptocurrency, through a third party firm. But it still decided to pay a ransom demand.

Ransomware 83

Ransomware Cyber Insurance Insurance Backups 83

eSecurity Planet

DECEMBER 7, 2023

ECC is used for email encryption, cryptocurrency digital signatures, and internet communication protocols. In each of these cases, the cracked encryption can lead to leaked data, but the nature of the risk remains distinct. Similarly, over time, the risk of accidental disclosure of keys will steadily increase.

Encryption 101

Encryption Passwords IoT Firewall 101

Spinone

OCTOBER 13, 2020

Whether it is synchronized files from on-premises to cloud environments or the risk of encryption of cloud email, ransomware is a real threat to your data. Ransom payments are generally demanded in the form of untraceable cryptocurrency such as Bitcoin. Backups aren’t working. How much can ransomware cost your business?

Ransomware 52

Ransomware Backups Data breaches Encryption 52