Ransomware

US Sanctions IRGC-Affiliated Hackers on Ransomware Charges

The group was known for exploiting hospitals and businesses to lock up computer systems and requesting Bitcoin to restore access.

2 years ago

UK Jeweler Sues Insurer Over Failure to Cover $7.5M Bitcoin Ransomware Losses

The billion-dollar jewelry company claims its insurer failed to cover a $7.5 million loss caused by a Bitcoin ransomware attack.

2 years ago

Crypto Ransomware Tallied at Least $602M But Actual Figures Could Be Higher: Chainalysis

2020 was touted as the “Year of Ransomware." Little changed in 2021 as such attacks continued to target critical infrastructure,…

2 years ago

FBI Confiscated Around $2.3 Million in Crypto Tied to Ransomware Gang REvil

The US law enforcement agents seized over $2 million in cryptocurrencies linked to ransomware attacks conducted by REvil.

2 years ago

$3.5B Worth of Crypto Seized by the IRS Cybercrime Unit in 2021

The Cybercrime Unit of the United States Internal Revenue Service (IRS) reported that 93% of all seizures made in 2021…

2 years ago

US Justice Department Creates Task Force to Combat Cryptocurrency Ransomware

In the United States' effort to crackdown on ransomware attacks, a new task force is being created to stop those…

3 years ago

US Treasury to Sanction Crypto Platform Suex for its Alleged Role in Ransomware Transactions

The US Department of the Treasury will sanction Suex for facilitating "at least eight" illegal ransomware transactions.

3 years ago

Bitdefender Releases Tool To Decrypt Files Affected by REvil/Sodinokibi Ransomware

The cybersecurity firm Bitdefender has released a free tool to decrypt files that were encrypted by the infamous REvil ransomware.

3 years ago

The US Intends to Employ Crypto Tracing to Fight Ransomware Attacks

According to some American officials, ransomware attacks could be prevented by rigorous tracking of cryptocurrencies paid to perpetrators.

3 years ago

World’s Largest Meat Producer JBS Pays $11M in Bitcoin to Ransomware Hackers

In an attempt to prevent further ransomware attacks on its plants, JBS USA has paid $11 million in bitcoin to…

3 years ago