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Cryptocurrencies and cybercrime: A critical intermingling

Security Affairs

As cryptocurrencies have grown in popularity, there has also been growing concern about cybercrime involvement in this sector Cryptocurrencies have revolutionized the financial world, offering new investment opportunities and decentralized transactions.

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Google Cybersecurity Action Team Threat Horizons Report #9 Is Out!

Anton on Security

This quick and easy money maker serves a clear profit motive for criminal actors, as it allows threat actors to use a victim’s cloud processing power to mine for cryptocurrency in a shorter period of time. ” [ A.C. — free ransomware in the cloud is often different from the classics ] Now, go and read the report!

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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.

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Ragnar Locker Ransomware strikes a cybersecurity firm

CyberSecurity Insiders

Ragnar Locker Ransomware, notorious hacking group that spreads file encrypting malware to large-scale organizations, has hit a security firm this time and stole data to prove it’s worth. The post Ragnar Locker Ransomware strikes a cybersecurity firm appeared first on Cybersecurity Insiders.

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Google Cybersecurity Action Team Threat Horizons Report #3 Is Out!

Anton on Security

for “ransomware” in the cloud] observed was where attackers were seen brute forcing SQL databases, cloning a database table into a new table , encrypting the data, and proceeding to drop the original table. ” [A.C.?—?cloud cloud ransomware isn’t really ‘a ware’, but a RansomOp where humans?—?not not malware?

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Phorpiex botnet sent millions of phishing emails to deliver LockBit Black ransomware

Security Affairs

Experts reported that since April, the Phorpiex botnet sent millions of phishing emails to spread LockBit Black ransomware. The ZIP archives contain a compressed executable payload that, if executed, will start the encryption process with LockBit Black ransomware. ” states the report published by the NJCCIC. 177 and 185[.]215[.]113[.]66.

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Ransomware Attack on Ferrari

CyberSecurity Insiders

Ferrari, the luxury car maker, was recently hit by a ransomware attack that apparently led to data leak that is now being posted online on an installment basis. NOTE 2- FBI and other law enforcement agencies across the world are urging the populace not to pay a ransom, if in case, they are targeted by a file encrypting malware.