Schneier on Security

JANUARY 31, 2023

Chainalysis reports that worldwide ransomware payments were down in 2022. Ransomware attackers extorted at least $456.8 When we published last year’s version of this report, for example, we had only identified $602 million in ransomware payments in 2021. million from victims in 2022, down from $765.6

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Krebs on Security

FEBRUARY 20, 2024

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.

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SecureWorld News

MARCH 15, 2023

Alright, how many of you saw a cryptocurrency ad on TV in 2022? Now the important question: how many of you got scammed in some sort of way by cryptocurrency or another type of investment? The report shows that phishing schemes were the most common type of cybercrime reported by victims in 2022, with 300,497 complaints.

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Cybercrime Scams Cryptocurrency Identity Theft 124

We Live Security

JUNE 11, 2021

Should we expect cybercriminals to ditch the pseudonymous cryptocurrency for other forms of payment that may be better at throwing law enforcement off the scent? The post Tracking ransomware cryptocurrency payments: What now for Bitcoin? appeared first on WeLiveSecurity.

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Krebs on Security

JUNE 15, 2021

Department of Justice (DOJ) last week announced the arrest of a 55-year-old Latvian woman who’s alleged to have worked as a programmer for Trickbot , a malware-as-a-service platform responsible for infecting millions of computers and seeding many of those systems with ransomware. Alla Witte’s personal website — allawitte[.]nl

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Cybercrime Ransomware Passwords Banking 304

Security Affairs

JANUARY 2, 2022

North Korea-linked threat actors are behind some of the largest cyberattacks against cryptocurrency exchanges. North Korea-linked APT groups are suspected to be behind some of the largest cyberattacks against cryptocurrency exchanges. billion (2 trillion won) worth of cryptocurrency from multiple exchanges during the past five years.

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SC Magazine

JUNE 28, 2021

A technician inspects the backside of a cryptocurrency mining farm in Saint Hyacinthe, Quebec. Cryptocurrency is famously anonymous, but evading capture is not the only reason cryptocurrency is the go-to payment solution for ransomware. First, understanding the role of cryptocurrency in ransomware.

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Malwarebytes

DECEMBER 19, 2022

On June 7, 2021, the US Department of Justice announced a breakthrough : Less than one month after the oil and gas pipeline company Colonial Pipeline had paid its ransomware attackers roughly $4.4 In cybercrime, this isn't supposed to happen—or at least it wasn't, until recently. Cryptocurrency is vital to modern cybercrime.

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Krebs on Security

MARCH 11, 2024

Borrowing from the playbook of ransomware purveyors, the darknet narcotics bazaar Incognito Market has begun extorting all of its vendors and buyers, threatening to publish cryptocurrency transaction and chat records of users who refuse to pay a fee ranging from $100 to $20,000. “And yes, this is an extortion!!!! .”

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Marketing Scams Cryptocurrency Cybercrime 275

CSO Magazine

JANUARY 31, 2023

Cybercrime is a growing scourge that transcends borders, spreading across the boundaries of virtually all the world's nearly 200 nation-states. From ransomware attacks to rampant cryptocurrency theft, criminal exploitation of borderless digital systems threatens global economic security and the political welfare of all countries.

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Cybercrime Cryptocurrency Ransomware Cybersecurity 92

Malwarebytes

SEPTEMBER 19, 2023

The German police in cooperation with the US Secret Service have executed search warrants against suspected members of the DoppelPaymer ransomware group in Germany and Ukraine. Cryptocurrency investigators use specialized strategies to track down criminals. Although cryptocurrency is anonymous, that doesn't mean it's untraceable.

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Security Boulevard

FEBRUARY 24, 2021

In mid-February 2021, the Department of Justice shared the content of what had been a sealed indictment charging three North Korean (DPRK) hacking “operatives” with a plethora of cybercrimes, including “cyber heists and extortion schemes, targeting both traditional and cryptocurrencies.” Assistant Attorney General John C.

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Cybercrime Hacking Cryptocurrency Ransomware 136

Security Boulevard

JANUARY 13, 2022

Ransomware is defined as a type of malware that blocks access to data until a sum of money is paid. This niche type of cybercrime is now big business due to the rise of cryptocurrency and the ransomware as a…. The post Top Ransomware Detection Techniques appeared first on LogRhythm.

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Ransomware Cryptocurrency Cybercrime Malware 115

Krebs on Security

MARCH 7, 2022

Three stories here last week pored over several years’ worth of internal chat records stolen from the Conti ransomware group, the most profitable ransomware gang in operation today. This final post on the Conti conversations explores different schemes that Conti pursued to invest in and steal cryptocurrencies.

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Security Weekly

JUNE 1, 2021

While 2021 will, unfortunately, play host to a wide variety of threats, it’s unlikely any factor will feature more prominently than cryptocurrency. Two types of attacks leverage cryptocurrency directly: extortion and cryptojacking. Before cryptocurrency, cybercriminals worked a lot harder to get paid a lot less.

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Krebs on Security

JANUARY 28, 2022

In December 2021, researchers discovered a new ransomware-as-a-service named ALPHV (a.k.a. “ BlackCat “), considered to be the first professional cybercrime group to create and use a ransomware strain written in the Rust programming language. Image: Varonis. Image: Varonis. ” Meanwhile, the U.S.

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SC Magazine

JUNE 28, 2021

A technician inspects the backside of a cryptocurrency mining farm in Saint Hyacinthe, Quebec. Cryptocurrency is famously anonymous, but evading capture is not the only reason cryptocurrency is the go-to payment solution for ransomware. First, understanding the role of cryptocurrency in ransomware.

Cryptocurrency 69

Cryptocurrency Ransomware Banking Cybercrime 69

Graham Cluley

MARCH 7, 2024

If you have been optimistically daydreaming that losses attributed to cybercrime might have reduced in the last year, it's time to wake up. The FBI's latest annual Internet Crime Complaint Center (IC3) report has just been published, and makes for some grim reading. Read more in my article on the Tripwire State of Security blog.

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Cybercrime Internet Internet Scams 110

Security Affairs

DECEMBER 14, 2023

French police arrested a Russian national who is suspected of laundering money resulting from the criminal activity of the Hive ransomware gang. The French authorities arrested in Paris a Russian national who is suspected of laundering criminal proceeds for the Hive ransomware gang. anti-cybercrime (Ofac).”

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Security Affairs

MAY 2, 2024

The Ukrainian national, Yaroslav Vasinskyi (24), aka Rabotnik, has been sentenced to more than 13 years in prison and must pay $16 million in restitution for conducting numerous ransomware attacks and extorting victims. Vasinskyi is a REvil ransomware affiliate since at least March 1st, 2019. Vasinskyi was extradited to the U.S.

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SecureWorld News

OCTOBER 7, 2021

Treasury Department announced a counter-ransomware initiative to battle cybercrime like ransomware. The United States Department of Justice (DOJ) is taking steps forward to combat criminal activity made easy by Bitcoin by launching the National Cryptocurrency Enforcement Team (NCET). How will the NCET operate?

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Cryptocurrency Cybercrime Ransomware CISO 59

Security Affairs

OCTOBER 3, 2021

The Biden administration announced it will work with 30 countries, including NATO allies and G7 partners, to curb global cybercrime. President Joe Biden announced that the US will work with 30 countries to curb cybercrime and dismantle ransomware gangs that are targeting organizations worldwide. Pierluigi Paganini.

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Cybercrime Artificial Intelligence Ransomware Cryptocurrency 94

Security Boulevard

AUGUST 2, 2022

Current threat actor activity is incentivized by a broad attack surface represented through high volumes of users and systems, and high potential profits represented through the variety of cryptocurrency offerings. It is easy to detect and block things like malicious cryptocurrency apps or crypto-phishing websites.

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Cryptocurrency Ransomware Government Risk 98

Security Affairs

JANUARY 24, 2022

’ In February 2008, the US authorities dismantled the global cybercrime organization tracked as Infraud Organization, which was involved in stealing and selling credit card and personal identity data. Its purported founder Andrey Novak is wanted in the US on the accusations of cybercrime. SecurityAffairs – hacking, cybercrime).

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SecureList

JUNE 12, 2023

Introduction Stealing cryptocurrencies is nothing new. Attackers such as those behind the Coinvault ransomware were after your Bitcoin wallets , too. Since then, stealing cryptocurrencies has continued to occupy cybercriminals. For example, the Mt. Gox exchange was robbed of many bitcoins back in the beginning of 2010s.

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CyberSecurity Insiders

NOVEMBER 13, 2022

In case of ransomware, the victim is being asked to shell out millions to free up data. To block such payments, Clare O’Neil, the Australian Home Affairs Minister, issued a public statement through ABC Television on November 13th,2022, issuing a ban on financial payments made to cybercrime in any form.

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Krebs on Security

JUNE 2, 2020

The criminal group behind the REvil ransomware enterprise has begun auctioning off sensitive data stolen from companies hit by its malicious software. A partial screenshot from the REvil ransomware group’s Dark Web blog. and Europe in early March.” So it’s a double vig.”

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Security Affairs

JUNE 30, 2022

A former Canadian government IT worker admitted to being a high-level member of the Russian cybercrime group NetWalker. to charges related to his involvement with the Russian cybercrime group NetWalker. and EU law enforcement authorities allowed the seizure of the leak sites used by NetWalker ransomware operators.

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SecureWorld News

JANUARY 27, 2023

The United States Department of Justice (DOJ) recently announced that it has successfully taken down the HIVE ransomware network, an international cybercrime ring that had been responsible for stealing and encrypting the data of more than 1,500 companies from 80 different countries. Cybercrime is a constantly evolving threat.

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SecureWorld News

JULY 15, 2021

million worth of cryptocurrency for Colonial Pipeline following a ransomware attack that disrupted the company's operations. Detectives from the Met’s Economic Crime Command seized £180 million, or roughly $249 million, in cryptocurrency following intelligence received about the transfer of criminal assets. How did the U.K.

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Cryptocurrency Passwords Ransomware Cybercrime 97

SiteLock

AUGUST 2, 2021

You’ve likely heard of ransomware, the highly profitable cybercrime through which malicious actors gain unauthorized access to sensitive data and hold it hostage in exchange for a ransom, typically paid in cryptocurrency. With that in mind, you’re likely wondering “What is ransomware as a service?” What is […].

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Malwarebytes

JANUARY 20, 2023

The US Department of Justice (DOJ) has released information about the arrest of Anatoly Legkodymov, the founder and majority owner of a cryptocurrency exchange called Bitzlato, on money laundering charges. The exchange is thought to have fueled crypto-related crimes like ransomware by helping cybercriminals launder illegally obtained money.

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Ransomware Cryptocurrency Accountability Cybercrime 85

Security Affairs

MARCH 23, 2024

An operation conducted by the Federal Criminal Police Office in Germany (BKA) and the Frankfurt cybercrime combating unit (ZIT) led to the seizure of the infrastructure of the darknet marketplace Nemesis Market in Germany and Lithuania. The law enforcement confiscated about 94,000 euros worth of cryptocurrencies.

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Security Affairs

SEPTEMBER 17, 2018

Palo Alto Network researchers discovered a new malware, tracked as XBash, that combines features from ransomware, cryptocurrency miners, botnets, and worms. The malicious code combines features from different families of malware such as ransomware, cryptocurrency miners, botnets, and worms.

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Malwarebytes

JUNE 16, 2021

According to a press release issued by Ukrainian authorities, law enforcement officials also shut down infrastructure that was used to spread the cybercrime gang’s ransomware, which was first spotted in February of 2019 as a new variant of the Cryptomix family. Instead, the arrests involved money launderers, Intel 471 said.

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Security Affairs

OCTOBER 4, 2021

Two ransomware operators arrested in Kyiv, Ukraine, that are suspected to have attacked more than 100 companies causing more than $150M in damages. A joint international law enforcement operation led to the arrest of the ransomware operators in Kyiv, Ukraine on September 28. million in cryptocurrencies. In addition, $ 1.3

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SecureWorld News

JULY 18, 2023

A former IT security analyst has been handed a prison sentence of nearly four years for his involvement in a failed extortion attempt during a ransomware attack on his former employer. Liles took advantage of his knowledge of the company's systems and posed as the ransomware gang responsible for the attack, Bleeping Computer reports.

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