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A financial firm registered in Canada has emerged as the payment processor for dozens of Russian cryptocurrency exchanges and websites hawking cybercrime services aimed at Russian-speaking customers, new research finds. A machine-translated version of Flymoney, one of dozens of cryptocurrency exchanges apparently nested at Cryptomus.
Analyzing cryptocurrency data, a research group has estimated a lower-bound on 2020 ransomware revenue: $350 million, four times more than in 2019. Ransomware is now an established worldwide business. Slashdot thread.
Operation ENDGAME dismantled key ransomware infrastructure, taking down 300 servers, 650 domains, and seizing 21.2M From May 19 to 22, 2025, Operation ENDGAME, coordinated by Europol and Eurojust, disrupted global ransomware infrastructure. in cryptocurrency, bringing the total to over 21.2M.
In January 2022, KrebsOnSecurity identified a Russian man named Mikhail Matveev as “ Wazawaka ,” a cybercriminal who was deeply involved in the formation and operation of multiple ransomware groups. government indicted Matveev as a top ransomware purveyor a year later, offering $10 million for information leading to his arrest.
Modern ransomware has two dimensions: pay to get your data back, and pay not to have your data dumped on the Internet. The Colonial Pipeline is another current high-profile ransomware victim. Ransomware has become the most profitable cybercrime business model, and until we solve those two problems, that’s not going to change.
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
Learn how to protect your business and staff from the MortalKombat ransomware and Laplas Clipper malware. The post Cryptocurrency users in the US hit by ransomware and Clipper malware appeared first on TechRepublic.
The DarkSide ransomware affiliate program responsible for the six-day outage at Colonial Pipeline this week that led to fuel shortages and price spikes across the country is running for the hills. The DarkSide message includes passages apparently penned by a leader of the REvil ransomware-as-a-service platform.
Earlier this month, I and others wrote a letter to Congress, basically saying that cryptocurrencies are an complete and total disaster, and urging them to regulate the space. Green writes: “I have no problem with the idea of legislators (intelligently) passing laws to regulate cryptocurrency. ” I have yet to see one.
A sophisticated cybercrime campaign, dubbed Elusive Comet , has been uncovered, in which North Korean threat actors are exploiting Zoom's remote control feature to infiltrate the systems of cryptocurrency professionals. The research behind the discovery was released by Security Alliance , which tracked and analyzed the campaign.
According to the FBI, it has successfully seized most of the Bitcoin ransom paid by Colonial Pipeline to “Darkside” criminals after the highly publicized ransomware attack that led to recent gas shortages in multiple US States.
According to prosecutors, the group mainly sought to steal cryptocurrency from victim companies and their employees. Those accounts state that the intruders assaulted Tylerb’s mother in the home invasion, and that they threatened to burn him with a blowtorch if he didn’t give up the keys to his cryptocurrency wallets.
US authorities charged a dual Russian and Israeli national for being a developer of the LockBit ransomware group. Rostislav Panev, 51, a dual Russian-Israeli national, was charged as a LockBit ransomware developer. The man is accused of being a LockBit ransomware developer from 2019 through at least February 2024.
Russian Phobos ransomware operator Evgenii Ptitsyn, accused of managing attacks, was extradited from South Korea to the US to face cybercrime charges. Russian Phobos ransomware operator Evgenii Ptitsyn, suspected of playing a key role in the ransomware operations, was extradited from South Korea to the US to face cybercrime charges.
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.”
In a surprising move related to international cybercrime, Russian authorities have charged Mikhail Matveev, also known as "Wazawaka," with creating ransomware to extort commercial organizations, according to Russian media outlet RIA. His alleged exploits include: The 2021 attack on Washington, D.C.'s Multiple attacks on critical U.S.
Authorities in India today arrested the alleged co-founder of Garantex , a cryptocurrency exchange sanctioned by the U.S. Treasury Office of Foreign Assets Control in April 2022 for receiving hundreds of millions in criminal proceeds, including funds used to facilitate hacking, ransomware, terrorism and drug trafficking.
A 36-year-old Yemeni man behind Black Kingdom ransomware is indicted in the U.S. authorities have indicted Rami Khaled Ahmed (aka Black Kingdom, of Sanaa, Yemen), a 36-year-old Yemeni national, suspected of being the administrator of the Black Kingdom ransomware operation. for 1,500 attacks on Microsoft Exchange servers.
A joint advisory from the US and Australian authorities states that Play ransomware has hit approximately 900 organizations over the past three years. In December 2023, CISA, the FBI, and ACSC warned of Play ransomware’s operation that hit 300 victims by October 2023. ” The Play ransomware group follows a double extortion model.
In February, he and Ermakov were arrested on charges of operating a short-lived ransomware affiliate program in 2021 called Sugar (a.k.a. Shefel claims his Sugar ransomware affiliate program was a bust, and never generated any profits. Sugar Locker), which targeted single computers and end-users instead of corporations.
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.
TTEC , [ NASDAQ: TTEC ], a company used by some of the world’s largest brands to help manage customer support and sales online and over the phone, is dealing with disruptions from a network security incident resulting from a ransomware attack, KrebsOnSecurity has learned. ET: TTEC confirmed a ransomware attack. Update, 6:20 p.m.
healthcare giant Change Healthcare has made a $22 million extortion payment to the infamous BlackCat ransomware group (a.k.a. On March 1, a cryptocurrency address that security researchers had already mapped to BlackCat received a single transaction worth approximately $22 million. There are indications that U.S.
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.
Romanian national was sentenced to 20 years in prison for his role in NetWalker ransomware attacks, pleading guilty to fraud charges in June. Romanian national Daniel Christian Hulea, 30, was sentenced to 20 years in prison for his role in NetWalker ransomware attacks. in cryptocurrency obtained from ransom payments.
. “tylerb”) fled the United Kingdom in February 2023, after a rival cybercrime gang hired thugs to invade his home, assault his mother, and threaten to burn him with a blowtorch unless he gave up the keys to his cryptocurrency wallet. His extradition to the United States was first reported last week by Bloomberg. ” U.S.
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.
There's a new ransomware for the Mac called ThiefQuest or EvilQuest. Given that ransomware is so rare on Macs to begin with, this one-two punch is especially noteworthy. But if you're someone who already torrents programs and is used to ignoring Apple's flags, ThiefQuest illustrates the risks of that approach.
Synoptek , a California business that provides cloud hosting and IT management services to more than a thousand customer nationwide, suffered a ransomware attack this week that has disrupted operations for many of its clients, according to sources. A now-deleted Tweet from Synoptek on Dec.
indicted Russian Rustam Gallyamov for leading the Qakbot botnet, which infected 700K+ devices and was used in ransomware attacks. authorities have indicted Russian national Rustam Gallyamov, the leader of the Qakbot operation, which infected over 700,000 computers and facilitated ransomware attacks. and abroad.
The crooks behind an affiliate program that paid cybercriminals to install the destructive and wildly successful GandCrab ransomware strain announced on May 31, 2019 they were terminating the program after allegedly having earned more than $2 billion in extortion payouts from victims. Image: Malwarebytes.
The attacks have resulted in millions of dollars in theft, including cryptocurrency and sensitive corporate data, showcasing the ongoing threat of organized cybercrime. Scattered Spider has gained infamy for its high-profile cyberattacks, including the ransomware assault on MGM Casino in 2023 , which caused widespread disruption.
seized $283,000 in cryptocurrency from an account linked to Sami as part of actions against the illicit activities of PopeyeTools. According to DoJ PopeyeTools has offered for sale the access devices and personally identifiable information (PII) of at least 227,000 individuals and generated at least $1.7 million in revenue.
Secret Service and Department of Homeland Security told reporters on Wednesday the trio’s activities involved extortion, phishing, direct attacks on financial institutions and ATM networks, as well as malicious applications that masqueraded as software tools to help people manage their cryptocurrency holdings.
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.
A new dark web service is marketing to cybercriminals who are curious to see how their various cryptocurrency holdings and transactions may be linked to known criminal activity. “The likes of ransomware and darknet markets rely on payments being made in Bitcoin and other cryptocurrencies.
The Medusa ransomware operation hit over 300 organizations in critical infrastructure sectors in the United States until February 2025. The FBI, CISA, and MS-ISAC have issued a joint advisory detailing Medusa ransomware tactics, techniques, and indicators of compromise (IOCs) based on FBI investigations as recent as February 2025.
A clipper malware is a type of malicious software designed to intercept and manipulate clipboard data, typically for cryptocurrency theft. When a victim copies a cryptocurrency wallet address, the malware replaces it with an attacker-controlled address, redirecting funds to the hacker instead of the intended recipient.
. “In this scenario, criminals use free online document converter tools to load malware onto victims computers, leading to incidents such as ransomware.” They can also steal personal data, banking details, cryptocurrency info, emails, and passwords by scraping the files the users upload. ” continues the alert.
In a bold response to a sophisticated insider-led data breach, Coinbase has turned the tables on cybercriminals who recently targeted the organization with ransomware. Coinbase, the largest cryptocurrency exchange platform in the U.S., Seeking justice rather than being silent is a new tactic," Soroko added. "It
government did not name the victim organization, but there is every indication that the money was stolen from the now-defunct cryptocurrency exchange FTX , which had just filed for bankruptcy on that same day. A graphic illustrating the flow of more than $400 million in cryptocurrencies stolen from FTX on Nov. 11-12, 2022.
Victims included gaming, telecom, and cryptocurrency firms, with losses reaching millions in stolen cryptocurrency and data from hundreds of thousands of accounts. Victims included gaming, telecom, and cryptocurrency firms, with losses reaching millions in stolen cryptocurrency and data from hundreds of thousands of accounts.
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