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Ransomware
Former UK Cybersecurity Chief Says Laws Are Needed to Stop Ransomware Payouts
“People are paying bitcoin to criminals and claiming back cash” via insurance claims, Ciaran Martin said.
Bitcoin Is Aiding the Ransomware Industry
We are living in a world where the second-order effects of permissionless money – like the greater use of ransomware – are already evident.
Coronavirus-Induced Poverty Will Bring More Bitcoin Crime in 2021: Kaspersky Report
The cybersecurity specialist foresees a rise in crypto crime ahead in 2021 as the COVID-19 epidemic hits national economies.
Cyberattackers Demand $11M in Bitcoin From Japanese Gaming Giant Capcom
Japanese gaming giant Capcom’s networks have reportedly come under attack, with criminals demanding a bitcoin ransom in exchange for not leaking confidential company information to the public.
Ban All Ransomware Payments, in Bitcoin or Otherwise
The U.S. Treasury Department has outlawed certain ransomware payments. If it was serious, it would go further, says our columnist.
G7 Warns of Crypto Threat From Tidal Wave of Ransomware Attacks
Paying ransomware hackers to decrypt infected computers doesn't always work, and may even be a crime in some countries.
OFAC Warns That Firms Helping Victims With Ransomware Payouts Risk Violating Its Rules
If you assist a ransomware victim in paying out to cyber attackers, you could end up facing civil penalties, OFAC says.
FinCEN Warns on Ransomware Attacks, Notes Increased Targeting of Government Entities
Ransomware attackers use malicious software to block access to data and demand ransom in return, oftentimes deploying the threat to make proprietary data public.
Eastern Europe Actively Using Crypto for Illicit Purposes: Chainalysis
A significant amount of cryptocurrency activities in the Eastern Europe is related to the dark market and ransomware, according to a Chainalysis report.
Over $1M in Ryuk Ransomware Bitcoin Was 'Cashed Out' on Binance: Report
Researchers reportedly traced bitcoin sent as payments to Ryuk ransomware controllers and found a good portion passed through Binance.
