Experts Call for Crypto Regulation as Ransomware Attacks Are On the Rise

2021-4-30 18:33

A panel of experts calls for aggressive tracking of Bitcoin and other cryptos in the light of growing ransomware attacks. Ransomware gangs collected about $350 million last year, more than 3x of 2019.

“There’s a lot more that can be done to constrain the abuse of these pretty amazing technologies,” said Philip Reiner, chief executive of the Institute for Security and Technology, who led the Ransomware Task Force.

The new rules proposed are aimed at the anonymity of crypto transactions, Reuters reported a source as saying. It will recommend steps like extending KYC regulations to crypto exchanges, money laundering rules to facilities converting currency, and tougher licensing requirements for those processing cryptocurrencies.

“That would be huge,” said an anonymous senior Homeland Security Official.

“This is a world that was created exactly to be anonymous, but at some point, you have to give up something to make sure everyone’s safe.”

Last year, the U.S. Marshals Service seized over $150 million in crypto-assets and offered them to the public at auction.

Amidst this, the House has passed a bill that will provide clarity to crypto asset regulation in the country.

The bill passed by the US House of Representatives last week is H.R. 1602, “Eliminate Barriers to Innovation Act of 2021,” which has now been sent to the Senate. If passed and signed into law, this will provide much-needed clarification to the industry. It would commission a working group to evaluate how the US currently treats crypto assets.

The post Experts Call for Crypto Regulation as Ransomware Attacks Are On the Rise first appeared on BitcoinExchangeGuide.

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Источник: bitcoinexchangeguide.com

ransomware attacks → Результатов: 109

U.S. amps up crypto crime unit to focus on ransomware attacks

Senior DoJ official termed ransomware as a major threat to national security. After a reprieve in 2022, ransomware attacks reared their ugly heads again in 2023. The U. S. Department of JustiThe post U.

2023-7-24 01:30	News
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Congressman Eric Swalwell Raises Alarm Over Crypto's Role in Ransomware Attacks

Crypto-friendly congressman Eric Swalwell has joined the choir of politicians who are urging Congress to look into crypto’s role in ransomware attacks

2021-7-4 12:42
ransomware attacks congressman crypto role eric swalwell

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Ransomware Attacks Demanding Crypto Are Unfortunately Here to Stay

Ransomware attacks are increasingly becoming the norm as the world struggles with the fallout of the coronavirus pandemic.

2020-8-9 10:00	Ransomware
ransomware attacks norm becoming world increasingly coronavirus

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Ransomware Attacks Are Exploding in the Education Sector

A Verizon report highlights the growing number of ransomware attacks across educational services.

2020-5-26 22:40	Crimes
ransomware attacks report highlights verizon growing 240px

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Ransomware Attacks Are Way Down in the Midst of COVID-19

A malware research lab says ransomware attacks are at an all-time low right now

2020-4-22 01:47	Coronavirus
ransomware attacks says low right lab all-time

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Ransomware Payments Fall but Threat Remains Amid COVID-19 Pandemic

Revenue generated by ransomware attacks fell dramatically in March as COVID-19 lockdown measures spread around the world. The drop is somewhat curious considering attackers have never wielded such leverage; medical care facilities are stretched close to their limits in many countries.

2020-4-19 12:35	Ransomware
ransomware covid-19 wielded such leverage attackers somewhat

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Hospitals Still Being Attacked Despite Big Fall in Ransomware

Chainalysis says hospitals are still being attacked by ransomware gangs during the pandemic, despite a fall in the overall number of attacks

2020-4-16 05:15	Ransomware
ransomware hospitals fall still being attacked despite

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Microsoft Warning – Hospitals Vulnerable to Bitcoin Ransomware

Microsoft has issued a chilling warning that many hospitals in the United States are at risk of bitcoin ransomware attacks right now amid the coronavirus pandemic. Bitcoin Ransomware Attackers Target Hospitals The giant software company said that “dozens” of hospitals are using vulnerable gateways and that this makes them easy targets for the REvil ransomware that is currently scanning the internet for these types of flaws.

2020-4-6 17:00	Ransomware
ransomware hospitals bitcoin microsoft warning vulnerable makes

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Global Cybersecurity League Formed to Fight Hospital Ransomware

Cyber security experts in 65 countries have come together to fight the scourge of ransomware attacks against hospitals during the COVID-19 crisis

2020-4-2 04:16	security
fight ransomware scourge together attacks hospitals crisis

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Ransomware Attacks Hit France as Coronavirus Toll Rises

In addition to the coronavirus outbreak that’s sweeping across Europe, it would appear that the French government also faces a wave of ransomware to deal with. The French government’s cybersecurity team CERT-FR was the first agency to sound the alarm.

2020-3-23 19:10	Ransomware
ransomware coronavirus government french deal faces wave

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Vimeo Steps in to Protect Users from Targeted Ransomware Attacks

Vimeo, one of the most popular video-sharing platforms, has announced that several user accounts are at risk of being compromised by malicious actors. Online news media The Register reported that one of their readers had gotten a notification from Vimeo that his account had been inappropriately accessed by a third-party and frozen as a result.

2020-3-19 04:10
vimeo had one readers media actors online

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FBI Report: Bitcoin Ransom Payments Total $144M

Ransomware attacks and similar extortion schemes took in an estimated $144 million in the course of 7 years. FBI estimates show most of the ransoms were paid in Bitcoin (BTC) and went straight to mixers or exchanges.

2020-2-27 19:00	Ransomware
fbi bitcoin show estimates years exchanges ransoms

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50% of US Departments Fell Victim to Ransomware in 2019, Report

Over half of all public and private organizations in the US fell victim to ransomware attacks at some point in 2019. Hackers have continued to employ increasingly advanced techniques to infect machines and encrypt sensitive data.

2020-1-30 02:00	Ransomware
2019 victim ransomware fell increasingly advanced employ

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Forex Firm Travelex Hacked By REvil, Hit With $6 Million Bitcoin Ransom Demand

Travelex, a foreign exchange firm was attacked by a group of cyber hackers who demanded ransom worth $6 million. The firm is the newest casualty in an ongoing explosion of ransomware attacks where hackers are looking for cryptocurrency payouts.

2020-1-8 19:10	Ransomware
firm ransom million hackers travelex ongoing casualty

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Bitcoin Ransom Worth $6 Million Demanded by Travelex Hackers

Attackers demanded a payment of $6 million worth of bitcoin after hacking Travelex, a foreign currency exchange company. It is the latest victim in an explosion of ransomware attacks seeking crypto payouts.

2020-1-8 10:30
travelex demanded million bitcoin worth latest victim

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Crypto-Mining Attacks Fell Sharply in 2019 but Ransomware Is Trending: Kaspersky

In the cat-and-mouse game between hackers and users, less-lucrative crypto-mining malware fell out of favor this year.

2019-12-18 06:00
fell crypto-mining less-lucrative users hackers malware year

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Over 70 Government Organizations Dealt With Ransomware This Year

Ransomware has been a very big problem for many years now. Despite numerous incidents in 2019, it is unlikely that the threat will diminish in the years to come. Through 2019, the number of ransomware attacks has been rather impressive, for all the wrong reasons.

2019-12-6 06:00	Ransomware
ransomware 2019 years threat diminish number impressive

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Mexico: State-Owned Oil Firm Targeted in $5 Million Bitcoin Ransomware Attack

Petroleos Mexicanos (PEMEX), a state-owned petroleum company established in 1938, has suffered a ransomware attack that has succeeded in shutting down its computers and online payment systems. The hackers are demanding for 565 BTC and have given the firm a 48-hour deadline to send the money.

2019-11-13 14:00	Ransomware
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Cryptomining Attacks Remain One of the Nastiest Malware Threats of 2019

Ransomware-as-a-service, intricate phishing scams, cryptomining and cryptojacking schemes: Ransomware attacks will continue as long as cryptocurrency remains valuable. The post Cryptomining Attacks Remain One of the Nastiest Malware Threats of 2019 appeared first on Bitcoin Magazine.

2019-10-29 17:37	Ransomware
cryptomining attacks threats 2019 malware nastiest remain

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SonicWall sees increase in IoT malware, encrypted threats and web app attacks

SonicWall, the trusted security partner protecting more than 1 million networks worldwide, today released new threat intelligence data from SonicWall Capture Labs, revealing 7. 2 billion malware attacks were launched in the first three quarters of 2019 as well as 151.

2019-10-22 13:40	security
sonicwall malware attacks iot million sees app

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Could Ransomware Be Driving Up Bitcoin Prices?

Research is suggesting that the number of ransomware incidents has risen in 2019. The payment method of choice for the majority of this cybercrime is cryptocurrency, predominantly bitcoin. Could BTC price fluctuations be linked to the increase in this online nefarious activity? Bitcoin Price and Ransomware US state departments, public sector facilities schools, hospitals, and businesses are increasingly falling victim to ransomware attacks.

2019-10-21 10:35
ransomware bitcoin could driving price prices attacks

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Europol: Bitcoin is the still the dark web’s favorite cryptocurrency

Bitcoin is still very much the dark web‘s favorite cryptocurrency, but those looking to cover their tracks are slowly learning to use privacy-focused alternatives. “While we have previously reported a small shift towards more privacy-focused cryptocurrencies such as Monero, Bitcoin still remains the currency of choice for both legitimate and criminal use,” reports Europol with its latest assessment of internet-based organised crime.

2019-10-14 15:45	hard fork
bitcoin web europol dark still use cryptocurrency

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US Hospitals are Paying into Hackers Ransomware Demands to Remove Ryuk Attacks

A group of hackers is threatening hospitals from all over the world with a malware called Ryuk. Now, some hospitals from the United States have decided to pay up the ransomware to get rid of this problem, the Next Web’s Hard Fork reported.

2019-10-8 00:46	cybersecurity
hospitals ransomware ryuk hackers web hard pay

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Will ransomware attacks force government institutions to HODL Bitcoin?

Local governments in the US continue to be targeted by ransomware attacks. A number of states have been forced to pay a ransom to regain access to their systems. With the number and sophistication of ransomware attacks increasing, will government institutions be forced to stockpile Bitcoin as a hedge against bad actors?

2019-9-28 15:05	BNC insights
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Cryptocurrency Used to Fund North Korean Weapons Program, Says US Treasury

The US Treasury Department has just announced new sanctions against online criminal groups based in North Korea. The groups have reportedly conducted cryptocurrency ransomware attacks and other cyber crimes aimed at subverting international sanctions against the state.

2019-9-13 23:00	North Korea
treasury north cryptocurrency korean attacks against groups

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NSA official says agency is covertly working on a quantum-resistant ‘crypto’

Incidents of cyber crimes have surged recently and with cryptocurency adoption on the rise and technology consistently evolving, fraudsters have succeeded in hiding their identity. There has also been a rise in the number of crypto-jacking incidents and ransomware attacks all across the world.

2019-9-5 20:00	Trading View
rise incidents nsa crypto says official agency

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Crypto-jacking activities, ransomware attacks on the rise, claims McAfee Labs report

The latest McAfee Labs report brings to light significant research on the ever-increasing threat of ransomware and the new family of emerging ransomware. In the first quarter of 2019 itself, the number of ransomware attacks rose by 118% while there were several new classes of ransomware detected as well.

2019-8-30 13:00	Ransomware
ransomware labs mcafee report attacks activities crypto-jacking

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

McAfee Labs finds that crypto jacking was up 29% and ransomware up 118% in Q1 of 2019

2019-8-30 03:30	USA
ransomware 118 jacking 2019 crypto labs campaigns

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US preps voting systems against ransomware attacks ahead of 2020 elections

The US government is looking to protect voter registration databases and systems from ransomware threats ahead of the 2020 presidential election. The Cybersecurity Infrastructure Security Agency (CISA) — a division of the Homeland Security department instituted by president Donald Trump in November last year — fears the databases could be at the receiving end of a ransomware attack.

2019-8-27 09:31	United States
databases 2020 ransomware security officials election ahead

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Hackers behind Texas ransomware attacks want $2.5 million

The threat actor behind the coordinated ransomware attack against multiple Texas local governments may have gained access to its computer systems via a third-party software provider. According to NPR, which first reported the development, the attackers want a collective ransom of $2.

2019-8-23 15:22	United States
ransomware texas attack had million want behind

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23 state agencies across Texas succumb to a ‘coordinated ransomware attack’

It seems like not a day goes by without a major company being hacked or a government-run institution exposed to ransomware attacks. Now, state agencies in Texas have succumbed to a coordinated ransomware attack that has impacted at least 23 local government entities across the state.

2019-8-19 08:28	United States
attacks ransomware state texas entities local dir

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City Manager Of Lodi City Of California Confirms Being Hit By Bitcoin Ransomware Attack

It has become increasingly evident that targeted ransomware attacks on local US government entities are on the rise, costing localities millions as some pay off the perpetrators in an effort to untangle themselves and restore vital systems.

2019-8-2 16:48	Ransomware
ransomware city hit themselves untangle off restore

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Bitcoin ransomware attacks on the rise

Companies and governments around the world are being targeted by ransomware attackers. The hackers encrypt data and disable IT systems before demanding payment in exchange for the decryption key.

2019-7-28 10:00	BNC insights
ransomware systems disable data demanding decryption exchange

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Vicious malware threatens to turn search engine into crypto-mining zombie botnet

Enterprise search engine Elasticsearch is under threat of being turned into a sophisticated cryptocurrency mining botnet to be used in distributed denial of service (DDoS) attacks. Cybersecurity firm Trend Micro describes a new malware strain that launches multi-stage attacks on publicly accessible databases and servers that run old versions of Elasticsearch software.

2019-7-23 17:54	hard fork
elasticsearch malware attacks trend servers old micro

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UK Government to Focus on Crypto Asset Space as Part of New Financial Crime Clampdown Plan

Because it’s mostly untraceable and irreversible, cryptocurrency is still the number one choice for criminals to carry out or hide criminal activity or ill-gotten gains. The last few weeks have seen a slowly increasing number of cities in the U.

2019-7-15 20:29	Legal & Regulation
number criminals weeks seen gains criminal activity

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La Porte County in Indiana Dishes Out $130,000 in Bitcoin Ransomware Attack

It's starting to seem like there’s no end to hack attacks on the horizon. All technology can be tweaked and manipulated to enable cybercriminals to carry out the illicit activity and what better way is there for them to receive their ransoms than to use untraceable, irrevocable cryptocurrency? 2019 has seen its fair share of […]

2019-7-14 18:48	Ransomware
out receive better illicit carry activity way

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Google Research, Universities Release ‘Tracking Ransomware End-To-End’ Bitcoin Attacks Report

Google Research Shows Ransomware Criminals Cash Out $16 Million From Bitcoin Exchange According to a recently released report and research conducted by Google and leading US universities, $16 million were cashed out by criminals from the defunct Bitcoin exchange BTC-e.

2019-5-9 22:31	Ransomware
bitcoin google research million exchange out ransomware

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Ransomware Crooks Cashed Out $16 Million from Defunct Bitcoin Exchange: Google Research

By CCN: In the two years leading up to 2018, a spate of ransomware attacks were analyzed in a report by a team of researchers hailing mostly from leading U. S. universities and Google. Results showed a conservative estimate of total funds stolen to be $16 million, with bitcoin providing a way for malicious actors to take payment from anywhere in the world.

2019-5-9 11:50	Ransomware
ransomware google bitcoin million attacks leading ccn

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New Cryptojacking Campaign Infects Asia Using More Profitable Tactics

Cryptojacking — the process of infecting computers with malware to mine cryptocurrency — has declined alongside prices during cryptowinter. But like any dextrous organism facing extinction, the virus and its propagators are adapting.

2019-4-27 22:07	Privacy & security
mining cryptojacking virus report against symantec cyber

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Bitcoin Hackers Take Tactics to a New Level, Threatening Sextortion for Crypto Payments

Hackers in the cryptocurrency world are willing to go to great lengths to get their funds, especially when hidden attacks are not their preference. There have been many ransomware attacks, but recent actions against a small Kansas town are taking a much more personal approach.

2019-4-24 02:31	Cryptocurrency News
attacks hackers small kansas town taking against

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Healthcare has a massive cybersecurity problem, and we’re not doing enough to fix it.

Not long ago, it was reasonable to think that financial businesses would be the most prominent and most profitable targets of criminal activity. After all, a successful bank robbery could score you tens of thousands of dollars (or more).

2019-4-23 17:29	Podium
healthcare these attacks criminal being year organizations

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Report: Ransom Amounts Following Cyberattacks Rose by 90% in Q1 of 2019

A report published by Coveware, a company that assists ransomware victims in facilitating cryptocurrency ransom payments, claims that ransom amounts requested following cyber attacks increased by 90% in Q1 of 2019 as compared to Q4 of 2018.

2019-4-23 13:09	security
report ransom 2019 amounts following cryptocurrency attacks

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Malware Crypto Ransoms Rose By Almost 90% in Q1: Report

The average payout for ransomware attacks rose dramatically in the first quarter of 2019 – largely due to one variant called Ryuk.

2019-4-19 17:30	Ransomware
rose 2019 ryuk quarter largely due variant

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PayPal Wins Patent for Ransomware Detection Solution

Global payment processing platform PayPal has been awarded a patent for a technique that can help with the timely detection and reduction of ransomware attacks. Ransomware attacks are a form of malware that takes over the victim's computer, locks up the files therein and demands a ransom before the files can be accessed again — often to be paid in cryptocurrency.

2019-4-19 21:17	Privacy & security
ransomware patent attacks computer data bitcoin user

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PayPal Aims to Prevent Crypto Ransomware Attacks With New Patent

Online payment giant PayPal won a U.S. patent to protect users from losing access to their data due to a crypto ransomware attack

2019-4-19 19:27	paypal
ransomware crypto patent paypal losing users data

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Report: Cryptocurrency ransomware payments up 90%, thanks to Ryuk

Ransomware attacks are still doing the rounds and one in particular appears to be gaining pace. Cryptocurrency payments made to ransomware attackers increased nearly 90 percent in Q1 2019 over the previous quarter, according to ransomware support firm Coveware’s latest report.

2019-4-18 16:00	hard fork
ransomware cryptocurrency report percent attackers quarter according

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The Average Bitcoin Ransomware Payment has Risen to $12,762

In the cryptocurrency world, it would appear most of the discussions pertaining to ransomware have quieted down. Not because the industry is no longer lucrative, but simply because such attacks have seemingly become so common it isn’t necessarily newsworthy anymore.

2019-4-18 11:08	Ransomware
ransomware risen average bitcoin payment attacks 762

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Lazarus Hacker Group Continues to Target Crypto Using Faked Trading Software

This article was originally published by 8btc and written by Lylian Tang. The Chinese security service provider 360 Security has issued a warning that a large number of crypto exchanges have been targeted by the North Korean hacker group Lazarus and that the number is still rising after the recent hacks of crypto exchanges DragonEx, Etbox and BiKi.

2019-4-2 21:54	Privacy & security
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Here’s how personalized ransomware attacks work, and how to protect yourself

Once a piece of ransomware has got hold of your valuable information, there is very little you can do to get it back other than accede to the attacker’s demands. Ransomware, a type of malware that holds a computer to ransom, has become particularly prevalent in the past few years and virtually unbreakable encryption has made it an even more powerful force.

2019-3-28 19:54	Tech
ransomware powerful made web even encryption virtually

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