Tag: Ransomware
US Treasury Blacklists Several More Bitcoin Addresses Allegedly Tied to Iran Ransomware Attacks
The sanctioning came as U.S. government officials charged three individuals with hacking-related crimes. Alongside Mansour Ahmadi, Nikaeen Ravari and [...]
FBI seeks Bitcoin wallet information of ransomware attackers
Three federal agencies in the United States — the Federal Bureau of Investigation (FBI), the Cybersecurity and Infrastructure Security Agency and the [...]
Crypto Unable to Shake Reputation as Ransomware Tool in Senate Hearing
"These malign actors almost exclusively demand cryptocurrencies when extorting large sums of money, because they can take steps to obscure their trans [...]
Ransomware Gang Extorted 725 BTC in One Attack, On-Chain Sleuths Find
The infamous Conti ring’s internal messages, leaked in February, served as a jumping-off point for a new transaction analysis by Crystal Blockchain.
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Monero crypto of choice as ransomware ‘double extortion’ attacks increase 500%
A new report by blockchain analytics firm CipherTrace highlights the growing role that privacy-focused cryptocurrencies such as Monero are playing in [...]
Canadian Police Seize $28M in Bitcoin, Extradite Alleged Affiliate of Ransomware Gang
Vachon-Desjardins allegedly operated as an “affiliate” of the NetWalker ransomware gang, which sells “Ransomware-as-a-Service” (RaaS) to affiliates li [...]
US Agencies Seized Around $30M of Crypto Related to NetWalker Ransomware Last Year
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest [...]
Want to weed out ransomware? Regulate crypto exchanges
Just between July 2020 and June 2021, ransomware activity soared by a whopping 1,070%, according to a recent Fortinet report, with other researchers c [...]
Russia-Affiliated Addresses Received 74% of Ransomware Revenue Last Year: Chainalysis
Almost three-quarters of revenue from ransomware attacks last year, or $400 million, went to addresses that are “highly likely” to be affiliated with [...]
74% of stolen funds from ransomware attacks went to Russian-affiliated wallet addresses in 2021
According to a new report published by blockchain analytics firm Chainalysis on Monday, approximately 74%, or over $400 million USD, of ransomware rev [...]
Ransomware Payments Are Getting Bigger as Hackers Shift Focus to Larger Targets: Chainalysis
Chainalysis’ data shows the average ransomware payment size last year reached $118,000 in cryptocurrency, up from $88,000 in 2020, according to a repo [...]
Over US$600mln of Bitcoin and other crypto paid in ransomware attacks for second year running
Over US$600mln worth of bitcoin and other cryptocurrency was extorted from companies in ransomware attacks last year, the second year running, accor [...]
Ransomware crypto payments hit at least $602M last year: Chainalysis
A new report estimates that ransomware payments tallied at least $602 million in 2021 — but the actual total could be much higher.Blockchain analysis [...]
Russian Authorities Say They’ve Dismantled REvil Ransomware Group at US Request
The Federal Security Service (FSB) raided 25 residences tied to REvil, seizing approximately $6.8 million in various currencies – including cryptocurr [...]
The Ransomware Crisis Is a Crypto Problem
“Ultimately, however, ransomware is a cybersecurity issue, and the best protection is prevention, best practices, improved defenses and resilience, [...]