Blockchain Security
ICBC forced to trade with USB drive due to ransomware attack
ICBC was disconnected from its trading partners after a cyberattack.
Zoltan Vardai
Lens
ransomware
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Blockchain Security
DOJ, FBI hack Hive Network, save US$130 mln from crypto ransomware attacks
The FBI and the DOJ have concluded a month-long disruption campaign against the Hive ransomware group, preventing victims from having to pay US $130 million.
Dylan Butts
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Bitcoin News
US Justice Dept. seizes US$500K from North Korea-backed hackers
The U.S. Justice Department seized about US$500,000 from North Korea-backed hackers using ransomware, Deputy Attorney General Lisa Monaco announced on Tuesday. See related article: US Treasury says prioritize sanctioning North Korea for crypto hacking Fast facts Hackers demanded Bitcoin ransom from Kansas and Colorado medical providers that were attacked by a never-before-seen ransomware strain called […]
Danny Park
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Regulation
Russian darknet Hydra, crypto exchange Garantex sanctioned by U.S.
The U.S. Department of the Treasury sanctioned what it called “the world’s largest and most prominent darknet market” based in Russia and a cryptocurrency exchange associated with ransomware activities. See related article: Russian-linked strains lead crypto ransomware in 2021: Chainalysis Fast facts The Treasury Department Tuesday sanctioned Hydra Market, alleging it offered a marketplace for […]
Timmy Shen
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Blockchain Security
Ransomware attacks are growing in sophistication. What can stop them?
Aided by crypto like Monero, ransomware crimes are on the rise globally, writes Srinivas Mukkamala of Ivanti. Android users are especially vulnerable.
Srinivas Mukkamala
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Bitcoin News
Russian-linked strains lead crypto ransomware in 2021: Chainalysis
Ransomware revenue in crypto in 2021 has been traced to strains connected to Russia with most of the extorted funds laundered through services that primarily cater to Russian users, blockchain forensics firm Chainalysis reported. Fast facts Around 74% of the over US$400 million worth of crypto ransomware revenue last year was directed to strains that […]
Dylan Butts
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Bitcoin News
Hackers got $602M in cryptocurrency ransom in 2021: report
Ransomware payments in crypto tallied higher than US$602 million in 2021, according to blockchain forensics firm Chainalysis, with average payments recording US$118,000, or 34% higher than the 2020 average. Fast facts
Ningwei Qin
