Ransomware


Finance

The Ransom-Ware

An ode to companies that poorly guard their computer systems and end up paying extortionists bitcoin to unlock them (with apologies to Rudyard Kipling).

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Markets

Top US Lawmaker Presses Big Companies on Ransomware Crypto Payments

Paying international criminals to unlock data “will put an even bigger target on the back of critical infrastructure,” says U.S. Rep. Carolyn Maloney.

Rep. Carolyn Maloney (D-N.Y.) demanded answers from Colonial Pipeline and CNA Financial about their ransomware payments, warning that paying these fees may lead to further growth in ransomware attacks.

Policy

Biden Administration to Probe Crypto Use in Ransomware Attacks

"Expanding cryptocurrency analysis" is part of the U.S. president's new review of ransomware attacks.

U.S. President Joe Biden

Markets

Ransomware Attacks Growing More Profitable: Chainalysis

Ransomware-linked addresses had at least $81 million in crypto flow in this year, the blockchain analytics firm said in a new report.

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Policy

Colonial Pipeline Paid Almost $5M Crypto Ransom Soon After Attack: Report

The company previously said it would not pay the hackers.

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Tech

'Panda' Malware Targets Crypto Wallets and Users' Discord, Telegram Accounts

The main "new" aspect here is the target of the data theft.

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Markets

Enforcing KYC, AML Laws Is Key to Reducing Ransomware Attacks: Task Force

Existing AML/KYC laws could reduce ransomware proliferation, but it would require an international effort.

The Ransomware Task Force report warned an international effort would be needed to properly combat a growing ransomware threat.

Policy

Acer Reportedly Hit With $50M Crypto-Ransomware Demand

Acer hasn't yet confirmed the attack, reports Tech Radar.

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Policy

Kia Motors America Victim of Ransomware Attack Demanding $20M in Bitcoin, Report Claims

BleepingComputer claims to have evidence the ransomware gang DoppelPaymer is demanding 404 BTC from the car firm.

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