A study by ProPublica found that most ransomware solutions providers have one weird trick for getting rid of hackers - paying them off.
Ransomware activity is growing weekly according to experts at CoveWare.
The ransom increase reflects increased infections of more expensive types of ransomware such as Ryuk, Bitpaymer, and Iencrypt.
These types of ransomware are predominantly used in bespoke targeted attacks on larger enterprise targets.
Proven Data promised to help ransomware victims by unlocking their data with the "Latest technology," according to company emails and former clients.
After US Attorney General traced and indicted two Iranian hackers for releasing ransomware called SamSam, authorities hoped the prevalence of attacks would fall.
Many of these companies offer recovery methods and many security researchers work on free methods this one for the popular WannaCry ransomware.
CoveWare CEO Bill Siegel has found that the average ransomware recovery isn't really a negotiation with "Terrorists" as US Government officials believe.
They've negotiated a "Few hundred" ransomware cases this year and find that each hacker is different and often just frustrated.
"We study their communications patterns so that we can build up a database of experience. There is a surprisingly small group of threat actors that are active at any given time, so identifying them is relatively straight forward. From there, we have scripts and tactics that we have honed over our experience. We draw on those to develop a negotiation strategy on behalf of our client. We know the hackers based on the profile and patterns they exhaust. We don't communicate with them outside of representing our clients in a negotiation. All of the data exhaust we create from our cases is provided to law enforcement on a quarterly basis as well."
Study Finds Most Ransomware Solutions Just Pay Out Crypto
gepubliceerd op May 15, 2019
by Coindesk | gepubliceerd op Coinage
Cryptocurrency exchanges see massive increase in monthly trading volume, bull market solidifying
CryptoCompare, a leading provider of cryptocurrency data and indices, found that the top 15 exchanges all experienced an increase in monthly volume.
Worldwide crypto acceptance is within reach thanks to Coinbase Commerce's USDC stablecoin integration
Crypto as a method of payment has just gotten easier.
Zimbabwe Stock Exchange Eyes Blockchain-Based Products, Needs Regulatory Clarity
"Then there is the money side to blockchain technology. This is a bit difficult, in terms of regulation, we are not yet clear on this and we do not want to do something where regulation is not clear as an exchange. But the technology side is very good."
UK Watchdog Reports $34 Million Lost in Crypto and Forex Scams Last Year
The primary financial regulator of the United Kingdom, the Financial Conduct Authority, reports that crypto investors in the country lost over $34 million due to cryptocurrency and forex scams from 2018-2019 the Financial Times reports on May 20.According to the data, which the FCA gathered from the U.K. national fraud and cybercrime reporting center, Action Fraud, individual loss due to scams decreased from $76,000 to $18,500 while total losses fell by $14 million.