Senate to Investigate Crypto’s Role in Cybercrime

The Senate Homeland Security and Governmental Affairs Committee is adding another front in lawmakers’ crypto probe.

News  ·  20 July 2021

Biden Accuses Chinese State Actors of Ransomware, Cryptojacking Attacks

"Hackers with a history of working for the PRC Ministry of State Security (MSS) have engaged in ransomware attacks, cyber enabled extortion, crypto-jacking, and rank theft from victims around the world, all for financial gain," a White House press release said.

News  ·  19 July 2021

Anatomy of Ransomware Attack: Chat Support, a Discount and a Surcharge for Bitcoin

Blockchain analytics firm Elliptic tracks a small business being contacted by REvil ransomware attackers demanding $50,000 in crypto for a decryption tool.

News  ·  19 July 2021

US State Department Offers to Pay for Cybercrime Tips With Crypto

It’s part of the White House’s new anti-ransomware push.

Policy & regulation  ·  15 July 2021

White House Plans Ransomware Task Force: Report

The task force that will examine ways of limiting cryptocurrency payments in ransomware attacks.

News  ·  15 July 2021

Don’t Blame Bitcoin for Ransomware

Any organization that relies on computers may be vulnerable to digital extortion. But the threat isn’t always clear. Industry expert Marcus Hutchins weighs in.

Opinion  ·  13 July 2021

TRM Labs Raises $14M as Crypto Tracking Steps Into Spotlight

The San Francisco intelligence firm has seen revenues surge as blockchain analysis goes mainstream.

Business  ·  17 June 2021

Hospitals Among the Latest to Suffer Ransomware Attacks: Report

The Eastern European-based hackers have made a practice of collecting their payments in bitcoin.

News  ·  11 June 2021

World’s Largest Meat Company Pays $11M in Bitcoin Ransomware Attack

The attack on the world's largest meat producer bore similarities to one on Colonial Pipeline two weeks earlier.

News  ·  10 June 2021

Biden’s National Security Adviser Sees Crypto Role in Cyberattacks as Priority for G-7, NATO

Jake Sullivan said the "cryptocurrency challenge ... lies at the core" of ransomware attacks.

News  ·  8 June 2021

State of Crypto: Ransomware Is a Crypto Problem

The crypto industry needs to pay attention to – and help fight – the growing ransomware threat.

Policy & regulation  ·  8 June 2021

CEO of Colonial Pipeline to Face Congress Grilling Over Bitcoin Ransom

The CEO will face the Senate Homeland Security Committee to explain the reasoning behind his decision to pay a $4.4M bitcoin ransom.

News  ·  8 June 2021

Federal Officials Recover Bitcoin Ransom From Colonial Pipeline Attack

Colonial paid $4.4 million in bitcoin after its systems fell victim to a ransomware attack last month.

News  ·  7 June 2021

DOJ Charges Latvian National for Role in ‘Trickbot’ Ransomware Scam

The "Trickbot Group" told victims that they would need to purchase special software through a Bitcoin address to decrypt their files.

News  ·  4 June 2021

The Ransom-Ware

An ode to companies that poorly guard their computer systems and end up paying extortionists bitcoin to unlock them (with apologies to Rudyard Kipling).

Business  ·  4 June 2021