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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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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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A history of ransomware: How did it get this far?

Malwarebytes

Today's ransomware is the scourge of many organizations. If we define ransomware as malware that encrypts files to extort the owner of the system, then the first malware that could be classified as ransomware is the 1989 AIDS Trojan. Not many victims did this, and the symmetric encryption was relatively easy to crack.

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Sneaky DoubleFinger loads GreetingGhoul targeting your cryptocurrency

SecureList

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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DoppelPaymer ransomware group suspects identified

Malwarebytes

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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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.

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Australia to issue ban on ransomware payments after Latitude Financial Cyber Attack

CyberSecurity Insiders

The Australian government is set to issue a complete ban on ransomware payments after one of its major financial lenders became the target of a massive file-encrypting malware attack on March 16th this year. Technically, transactions related to digital cryptocurrencies like Bitcoin and Monero are anonymous and therefore hard to ban.