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Report: Cryptojacking Campaigns Up by 29%, Ransomware Attacks Up 118%

News Cybersecurity company McAfee Labs has released its August 2019 threat report, which notes an increase in cryptojacking campaigns and ransomware attacks in Q1 2019. Cryptojacking on the riseMcAfee Labs posted their report on the company’s website on Aug. 28. According to the report, crypto jac..

US Prosecutors Indict BTC-e Crypto Exchange, Seek Millions in Penalties

News United States prosecutors have filed a complaint against now-defunct crypto exchange BTC-e and its suspected operator Alexander Vinnik, according to a document filed in the Northern District of California on July 25. Per the filing, the Financial Crimes Enforcement Network (FinCEN) determined..

Bitcoin-Seeking Ransomware ‘Ryuk’ Virus Found and Studied in China

News Tencent Yujian Threat Intelligence Center says that a Ryuk ransomware virus has been spotted in China. The intelligence center released information on the outbreak in a report on July 16. According to the report, Ryuk viruses are a family of malware aimed at infecting government and enterpris..

Riviera Beach City Council Agrees to Pay $600,000 in BTC to Ransomware Attackers

News The city council of Riviera Beach, Florida has agreed to pay nearly $600,000 worth of Bitcoin (BTC) to regain access to data encrypted in a hacker attack, the New York Times reported on June 19. On May 29, the city experienced “a data security event” when a police department employee opened a..

Chainalysis: 64% of Ransomware Attackers Launder Proceeds via Crypto Exchanges

News United States-based blockchain intelligence firm Chainalysis claims that 64% of ransomware attack cash-out strategies involve the laundering of funds via cryptocurrency exchanges. The data was revealed in a Chainalysis webinar attended by Cointelegraph on May 30. A ransomware attack involves ..

Crypto Miners Dominate Top 10 List of Most Prolific Malware Threats

News A global threat report has concluded that the three most common malware variants detected in April were crypto miners, according to a news release on May 14. Check Point Research said Cryptoloot, malware that uses the victim’s computing power to mine for crypto without their knowledge, was la..

Bitcoin Accounts for 98% of Crypto-Denominated Ransomware Payments, Study

News Bitcoin (BTC) continues to account for the lion’s share of crypto-denominated ransomware payments, according to Coveware’s Q1 2019 Global Ransomware Marketplace report, published on April 15. The report — reportedly based upon aggregated ransomware data from cases tackled by Coveware’s Incide..

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