Remove 2020 Remove Cryptocurrency Remove Ransomware
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Ransomware Profitability

Schneier on Security

Analyzing cryptocurrency data, a research group has estimated a lower-bound on 2020 ransomware revenue: $350 million, four times more than in 2019. Ransomware is now an established worldwide business. Slashdot thread.

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Russian Phobos ransomware operator faces cybercrime charges

Security Affairs

Russian Phobos ransomware operator Evgenii Ptitsyn, accused of managing attacks, was extradited from South Korea to the US to face cybercrime charges. Russian Phobos ransomware operator Evgenii Ptitsyn, suspected of playing a key role in the ransomware operations, was extradited from South Korea to the US to face cybercrime charges.

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Romanian national was sentenced to 20 years in prison for his role in NetWalker ransomware attacks

Security Affairs

Romanian national was sentenced to 20 years in prison for his role in NetWalker ransomware attacks, pleading guilty to fraud charges in June. Romanian national Daniel Christian Hulea, 30, was sentenced to 20 years in prison for his role in NetWalker ransomware attacks. in cryptocurrency obtained from ransom payments.

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Conti Ransomware Group Diaries, Part IV: Cryptocrime

Krebs on Security

Three stories here last week pored over several years’ worth of internal chat records stolen from the Conti ransomware group, the most profitable ransomware gang in operation today. This final post on the Conti conversations explores different schemes that Conti pursued to invest in and steal cryptocurrencies.

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Who Wrote the ALPHV/BlackCat Ransomware Strain?

Krebs on Security

In December 2021, researchers discovered a new ransomware-as-a-service named ALPHV (a.k.a. “ BlackCat “), considered to be the first professional cybercrime group to create and use a ransomware strain written in the Rust programming language. Image: Varonis. Image: Varonis. ” Meanwhile, the U.S.

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UnityMiner targets unpatched QNAP NAS in cryptocurrency mining campaign

Security Affairs

Experts warn of ongoing attacks targeting QNAP network-attached storage (NAS) devices to abuse them in cryptocurrency mining. Researchers at 360Netlab are warning of a cryptocurrency malware campaign targeting unpatched QNAP network-attached storage (NAS) devices. The flaws affect QNAP NAS firmware versions prior to August 2020.

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New Anti Anti-Money Laundering Services for Crooks

Krebs on Security

A new dark web service is marketing to cybercriminals who are curious to see how their various cryptocurrency holdings and transactions may be linked to known criminal activity. “The likes of ransomware and darknet markets rely on payments being made in Bitcoin and other cryptocurrencies.