Paying international criminals to unlock data “will put an even bigger target on the back of critical infrastructure,” says U.S. Rep. Carolyn Maloney.
"Expanding cryptocurrency analysis" is part of the U.S. president's new review of ransomware attacks.
Ransomware-linked addresses saw at least $81 million in crypto flow in this year, the blockchain analytics firm said in a new report.
The company previously said it would not pay the hackers.
Existing AML/KYC laws could reduce ransomware proliferation, but it would require an international effort.
Acer hasn't yet confirmed the attack, reports Tech Radar.
BleepingComputer claims to have evidence the ransomware gang DoppelPaymer is demanding 404 BTC from the car firm.
Prosecutors indicted an alleged NetWalker affiliate and coordinated the takedown of darkweb resources.
“People are paying bitcoin to criminals and claiming back cash” via insurance claims, Ciaran Martin said.
We are living in a world where the second-order effects of permissionless money – like the greater use of ransomware – are already evident.
The cybersecurity specialist foresees a rise in crypto crime ahead in 2021 as the COVID-19 epidemic hits national economies.
Japanese gaming giant Capcom’s networks have reportedly come under attack, with criminals demanding a bitcoin ransom in exchange for not leaking confidential company information to the public.
The U.S. Treasury Department has outlawed certain ransomware payments. If it was serious, it would go further, says our columnist.
Paying ransomware hackers to decrypt infected computers doesn't always work, and may even be a crime in some countries.
If you assist a ransomware victim in paying out to cyber attackers, you could end up facing civil penalties, OFAC says.