Ransomware continues to grow more sophisticated and lucrative, and now security firm LIFARS says operators have built a Silicon Valley-like VC ecosystem.
Two cornerstones of the cybercrime ecosystem are bulletproof hosting and ransomware offerings, says Mark Arena, CEO of the security firm Intel 471.
The notorious Clop ransomware operation appears to be back in business, just days after Ukrainian police arrested six alleged members of the gang.
The Clop ransomware operation is back in business after recent arrests and has begun listing new victims on their data leak site again.
Ukrainian police have arrested six members of the Clop ransomware gang that has attempted to extort organisations around the world, including a NSW government agency.
Talk to bankers and some will tell you that when it comes to cyber-crime, they are second only to the military in terms of the strength of their defences. And yet trawl the dark web, as Intel 471, an intelligence firm, did on behalf of The Economist in May, and it is obvious that attempts to breach those walls are commonplace.
Authorities in Ukraine this week charged six people alleged to be part of the CLOP ransomware group, a cybercriminal gang said to have extorted more than half a billion dollars from victims.
Ukrainian officials said Wednesday that they had taken steps against the Hacking costume that recently caused about $ 500 million in digital blackmail in a rare case of law enforcement interfering with ransomware scammers.
Evidently feeling the heat over its ransomware activities, the Avaddon operation on Friday announced its retirement and released free keys for all of its victims.
Russia has aggregated a large share of the world’s hackers by offering them free reign, just as long as they don’t target Russia or its key allies.
Electronic Arts, the publisher of popular video games such as FIFA, Medal of Honor got its game source code stolen. Read on about the EA games that got hacked.
News Thursday that New Mexico-based government contractor Sol Oriens was targeted by the Russian REvil ransomware group raised concerns in the national security community, because of the company’s work around nuclear weapons and energy for the Department of Energy’s National Nuclear Security Administration.
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