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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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Who’s Behind the GandCrab Ransomware?

Krebs on Security

The crooks behind an affiliate program that paid cybercriminals to install the destructive and wildly successful GandCrab ransomware strain announced on May 31, 2019 they were terminating the program after allegedly having earned more than $2 billion in extortion payouts from victims. Image: Malwarebytes.

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Canada Charges Its “Most Prolific Cybercriminal”

Krebs on Security

A 31-year-old Canadian man has been arrested and charged with fraud in connection with numerous ransomware attacks against businesses, government agencies and private citizens throughout Canada and the United States. Federal Bureau of Investigation (FBI) contacted them regarding ransomware attacks that were based in Canada.

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US officials charge two Chinese men for laundering cryptocurrency for North Korea

Security Affairs

The Department of Justice has charged the two Chinese nationals for laundering cryptocurrency for North Korea-linked APT groups. for helping North Korea-linked hackers in laundering cryptocurrency. The cryptocurrency have been stolen by the APT groups from two cryptocurrency exchanges. and Li Jiadong (???),

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Lazarus APT continues to target cryptocurrency businesses with Mac malware

Security Affairs

This threat actor has been active since at least 2009, possibly as early as 2007, and it was involved in both cyber espionage campaigns and sabotage activities aimed to destroy data and disrupt systems. SecurityAffairs – Lazarus, cryptocurrency). ” Kaspersky says. . Pierluigi Paganini.

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3 Top Reasons America Is Under a 'Ransomware Siege'

SecureWorld News

crime-fighting agencies testified in front of Congress this week and the hearing had a chilling title: "America Under Cyber Siege: Preventing and Responding to Ransomware Attacks". Secret Service has observed a marked uptick in the frequency, sophistication, and destructiveness of ransomware attacks against the American people.".

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North Korea-linked Lazarus APT targets the COVID-19 research

Security Affairs

This threat actor has been active since at least 2009, possibly as early as 2007, and it was involved in both cyber espionage campaigns and sabotage activities aimed to destroy data and disrupt systems. Lazarus APT used the wAgent malware in attacks against cryptocurrency exchanges and businesses. ” concludes Kaspersky.