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. Unfortunately, attacks like this work, and the hackers received $121,000 that was never paid back.

Scams 107

Scams Phishing Firewall Social Engineering 107

NetSpi Executives

APRIL 27, 2024

Victims pay ransomware adversaries for decryption keys through cryptocurrency, such as Bitcoin. Disable or bypass detective security controls. 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?

Ransomware 52

Ransomware Cyber Insurance Backups Insurance 52

eSecurity Planet

OCTOBER 21, 2022

To apply more pressure, the attacker might also encrypt backup files to render them inaccessible. This note will provide instructions on how to pay the ransom, usually through difficult-to-trace means like cryptocurrency. And immutable backups are a particularly important ransomware protection.

Malware 75

Malware Adware Spyware Antivirus 75

SecureList

MAY 12, 2021

Finally, negotiations with the victims may be handled by yet another team and when the ransom is paid out, a whole new set of skills is needed to launder the cryptocurrency obtained. They interact with each other through internet handles, paying for services with cryptocurrency. Monero (XMR) cryptocurrency is used for payment.

Ransomware 130

Ransomware Encryption Malware Cybercrime 130

Spinone

JANUARY 20, 2020

The most preferred method of ransom payment is cryptocurrency because it is hard to track. Some of them don’t have a backup at all; others can back up data infrequently, like once a month or even less often. In fact, only 25% of home users have automatic weekly backups. Pass some security awareness courses for beginners.

Ransomware 59

Ransomware Encryption Antivirus Backups 59