Crypto ransomware revenue drops 35% to $813 million in 2024 amid tougher crackdowns and victim resistance
The crypto industry saw ransomware payments decline by 35% in 2024, falling to $813 million from the previous year’s $1.25...
ransomware
OFAC Flags 10 Wallet Addresses Linked to LockBit Affiliates in Ransomware Crackdown
The Treasury Department’s Office of Foreign Assets Control (OFAC) included numerous wallet addresses associated with two individuals from Russia in...
LockBit ransomware gang has over $110 million in unspent bitcoin
The LockBit ransomware gang received more than $125 million in ransom payments over the past 18 months, according to the...
LockBit Ransomware Gang Broken Up After Taking $120 Million in Bitcoin
LockBit, described by law enforcement officials “as one of the world’s most prolific ransomware gangs,” has been dismantled in a...
What is Crypto Ransomware? – Check Point Software
How Does Crypto Ransomware Work? A ransomware attack is a multi-stage process including everything from initial access to demanding a...
Chainalysis Reveals Record-Breaking $1 Billion in Ransomware Payments in 2023
Ransomware made a comeback in 2023 – with record-breaking payments and a substantial increase in the scope and complexity of...
ICBC forced to trade with USB drive due to ransomware attack
The U.S. wing of Industrial & Commercial Bank of China Ltd. (ICBC) was forced to execute trades through a USB...
US & UK Sanction Crypto Ransomware Group for Extortion
The collaborative efforts of the UK HM Treasury Office of Financial Sanctions Implementation (OFSI) and the US Office of Foreign...
Man charged for facilitating Netwalker ransomware that stole 5,000 bitcoin
Authorities in Poland and the US have taken down a ‘bulletproof’ hosting provider called Lolek, seized its servers, and arrested...
Ransomware group known to use Monero and Bitcoin targets Italian asset manager
The Italian asset manager Azimut has been targeted by the international ransomware group BlackCat, Reuters reported on July 24. Reuters...