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Incognito Darknet Market Mass-Extorts Buyers, Sellers

Krebs on Security

Borrowing from the playbook of ransomware purveyors, the darknet narcotics bazaar Incognito Market has begun extorting all of its vendors and buyers, threatening to publish cryptocurrency transaction and chat records of users who refuse to pay a fee ranging from $100 to $20,000. “And yes, this is an extortion!!!!

Marketing 336
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Insurance and Ransomware

Schneier on Security

As ransomware becomes more common, I’m seeing more discussions about the ethics of paying the ransom. However, the most pressing challenge currently facing the industry is ransomware. Growing losses from ransomware attacks have also emphasised that the current reality is not sustainable for insurers either.

Insurance 338
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Actions Target Russian Govt. Botnet, Hydra Dark Market

Krebs on Security

and Germany moved to decapitate “ Hydra ,” a billion-dollar Russian darknet drug bazaar that also helped to launder the profits of multiple Russian ransomware groups. That amount included roughly $8 million in ransomware proceeds laundered through Hydra on behalf of multiple ransomware groups, including Ryuk and Conti.

Marketing 301
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Ransomware Hit ATM Giant Diebold Nixdorf

Krebs on Security

Diebold Nixdorf , a major provider of automatic teller machines (ATMs) and payment technology to banks and retailers, recently suffered a ransomware attack that disrupted some operations. Suspecting a ransomware attack, Diebold said it immediately began disconnecting systems on that network to contain the spread of the malware.

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Govt. Services Firm Tyler Technologies Hit in Apparent Ransomware Attack

Krebs on Security

The company declined to discuss the exact cause of the disruption, but their response so far is straight out of the playbook for responding to ransomware incidents. Plano, Texas-based Tyler Technologies [ NYSE:TYL ] has some 5,300 employees and brought in revenues of more than $1 billion in 2019.

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Disrupting Ransomware by Disrupting Bitcoin

Schneier on Security

Ransomware isn’t new; the idea dates back to 1986 with the “Brain” computer virus. This is where the suggestion to ban cryptocurrencies as a way to “solve” ransomware comes from. We suggest an easier alternative: merely disrupt the cryptocurrency markets. This is why disruption will work.

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Europe’s Largest Private Hospital Operator Fresenius Hit by Ransomware

Krebs on Security

Fresenius , Europe’s largest private hospital operator and a major provider of dialysis products and services that are in such high demand thanks to the COVID-19 pandemic, has been hit in a ransomware cyber attack on its technology systems.