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The Link Between Ransomware and Cryptocurrency

eSecurity Planet

There are few guarantees in the IT industry, but one certainty is that as the world steps into 2022, ransomware will continue to be a primary cyberthreat. The dangers from ransomware have risen sharply since WannaCry and NotPetya hit the scene in 2017, and this year has been no different. Cryptocurrency Fuels Ransomware.

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The Financial Dynamics Behind Ransomware Attacks

Security Affairs

Over the last few years, ransomware attacks have become one of the most prevalent and expensive forms of cybercrime. Today, this tactic has evolved, where ransomware operators in nearly every case first exfiltrate sensitive data and then threaten to publicly expose it if a ransom demand is not paid.

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REvil Ransomware Gang Starts Auctioning Victim Data

Krebs on Security

The criminal group behind the REvil ransomware enterprise has begun auctioning off sensitive data stolen from companies hit by its malicious software. A partial screenshot from the REvil ransomware group’s Dark Web blog. “Others have gotten the message about the need for good backups, and probably don’t need to pay.

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DoppelPaymer ransomware group suspects identified

Malwarebytes

The German police in cooperation with the US Secret Service have executed search warrants against suspected members of the DoppelPaymer ransomware group in Germany and Ukraine. Cryptocurrency investigators use specialized strategies to track down criminals. Although cryptocurrency is anonymous, that doesn't mean it's untraceable.

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Ransomware making big money through "big game hunting"

Malwarebytes

Ransomware generates big money for the groups behind it, with new research confirming (some) of the scale of the problem. Chainalysis, a blockchain research firm, looked at data from monitored cryptocurrency wallets, concluding that around $449 million has been taken from victims in the last six months. What is big game hunting?

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The Rise of Data Exfiltration and Why It Is a Greater Risk Than Ransomware

The Hacker News

Ransomware is the de facto threat organizations have faced over the past few years. Threat actors were making easy money by exploiting the high valuation of cryptocurrencies and their victims' lack of adequate preparation. Think about bad security policies, untested backups, patch management practices not up-to-par, and so forth.

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A history of ransomware: How did it get this far?

Malwarebytes

Today's ransomware is the scourge of many organizations. If we define ransomware as malware that encrypts files to extort the owner of the system, then the first malware that could be classified as ransomware is the 1989 AIDS Trojan. But where did it start?