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Ryuk Ransomware Attack Paralyzes US Coast Guard System for 30 Hours

Posted on January 2, 2020January 2, 2020 by Rehan Yousaf

The U.S. Coast Guard has issued a warning after its monitoring system was compromised by a “Ryuk” ransomware that left the system stunned for 30 hours. It is yet to be ascertained whether the attackers made a demand for any ransom; usually, Ryuk ransomware is followed by a demand for a ransom in crypto. The warning was issued on the marine safety bulletin platform after the attackers had targeted an unnamed facility. An initial investigation…

New Orleans Latest Victim of Another Probable Bitcoin Ransomware Attack

Posted on December 19, 2019December 19, 2019 by Rehan Yousaf

New Orleans has become the latest city to call for an emergency state and has shut down its computers amidst a wave of Bitcoin(BTC)trade ransomware attacks by hackers targeting cities and state governments. The cyber security event was called after suspicions of an illicit activity were observed at around 5 am on Friday morning. 3 hours later, the activity increased, and evidence of attempts of phishing and cryptocurrency ransomware surfaced. New Orleans’ head of Information…

Hackers Seize Argentinian Government’s Data and Demand Ransom in Bitcoin

Posted on December 11, 2019December 19, 2019 by Rehan Yousaf

A data center of the government in Argentina was recently attacked by blackhat hackers who demanded a ransom in Bitcoin(BTC)trade. Sensitive data regarding local government in files was compromised during the attack. Argentina’s Minister of Science and Technology Alicia Bañuelos, representative of the local government of San Luis, gave details of the cyber attack and stated that it happened on November 25th. Agencia de Noticia de San Luis, a news outlet, discussed the details of…

Finland Prepares for Crypto Ransomware Attacks with Massive Simulation

Posted on November 25, 2019December 19, 2019 by Rehan Yousaf

The Finnish Population Register Centre is orchestrating a country-level simulated crypto ransomware cyberattack that will cover more than 200 Finnish cities and municipalities. A local news outlet reported that major cities and public organizations are bracing for the hypothetical attack where the objective will be to teach the participants how to respond when a group of hackers demand ransomware in cryptocurrency during a series of cyberattacks. Finland’s government has been on high alert after an…

Spain’s Largest Radio Station Under Siege By Bitcoin Ransomware Attack

Posted on November 10, 2019December 19, 2019 by Julie Williams

On today’s episode of the deteriorating state of cyberspace, Spain’s largest radio station is believed to be held hostage by some cybercriminals, who demand a €750,000 (about $835,000) in Bitcoin(BTC)trade. Spaniards and the general public woke up to a rather appalling news on Friday. The news of the ransomware attack on Spain’s largest radio state spread fast across the web. Although the investigation is yet ongoing, information gathered suggests that the Spanish radio network Cadena…

Hacker Group Demands Ransom of 4 Bitcoin from Johannesburg Municipality

Posted on October 27, 2019December 19, 2019 by Ravi Rd

A group named “Shadow Kill Hackers” has targeted the largest city of South Africa, Johannesburg, and demanded a ransom of four Bitcoin(BTC)trade or they will publish the stolen city data on the internet. According to a message displayed on the computer of the city’s employees, the deadline to pay the ransom is October 28, 5 pm, local time. As per the message, the hackers have found several backdoors or vulnerabilities through which they have gained…

California City was Hit by Bitcoin Ransomware Attack and Refused to Pay

Posted on August 6, 2019December 19, 2019 by Ravi Rd

Earlier this year in April and May, the city of Lodi in California was hit by a serious ransomware attack in which many of the city’s official computers were plagued by malicious program. A payment of 75 Bitcoin(BTC)trade was demanded as ransom by those behind the attack to bring the computer system back to normal. The Lodi City Manager Steve Schwabauer confirmed that the ransomware was spread through the city’s computer network and targeted computer…

Report: Bitcoin Is the Most Preferred Payment Option in Ransomware Attacks

Posted on April 22, 2019December 19, 2019 by Rehan Yousaf

Bitcoin is the preferred method of payment in 98% of ransomware attacks, reveals a new report on data collected by the ransomware management firm, Coveware. Coveware is responsible for handling and dealing with ransomware for companies both small and big. In the report, Coveware aggregated data anonymously, collected by their Incident Response Team in all the cases that they have dealt with so far in 2019. With this report, Coveware hoped that big and small…

Experts: Ryuk Ransomware was launched by Russian Cybercriminals, not North Korean Hackers

Posted on January 15, 2019December 19, 2019 by Julie Williams

One of the largest media groups based in the United States was a victim of a cyber attack called Ryuk ransomware during the just-concluded Holidays. The attack was attributed to North Korean state hackers because of the 2017 Hermes ransomware attack they conducted as part of a hacking operation in Taiwan. The recent Ryuk ransomware contained some traces of the Hermes ransomware, and as such, it was safe to conclude that the attack was from…

Crypto Mining Attacks Beat Ransomware in the Cybercrime Food Chain

Posted on December 17, 2018December 19, 2019 by Julie Williams

Ransomware has been a dreadful cybercrime in the past decades, wreaking havoc on large establishments such as government agencies, hospitals, universities, and many businesses. Cybercriminals leverage any loophole in a firm’s data security and infect the system with malware, hijacking the servers and other relevant data in the process. After obtaining relevant data, they compel the original host into paying a certain amount as ransom before regaining total control again. This has been the biggest…

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