cryptocurrency

Modern ransomware has two dimensions: pay to get your data back, and pay not to have your data dumped on the Internet. The DC police are the victims of this ransomware, and the criminals have just posted personnel records — “including the results of psychological assessments and polygraph tests; driver’s license images; fingerprints; social security numbers; dates of birth; and residential, financial, and marriage histories” — for two dozen police officers.

The negotiations don’t seem to be doing well. The criminals want $4M. The DC police offered them $100,000…

Read More Ransomware Is Getting Ugly

The person behind the Bitcoin Fog was identified and arrested. Bitcoin Fog was an anonymization service: for a fee, it mixed a bunch of people’s bitcoins up so that it was hard to figure out where any individual coins came from. It ran for ten years.

Identifying the person behind Bitcoin Fog serves as an illustrative example of how hard it is to be anonymous online in the face of a competent police investigation:

Most remarkable, however, is the IRS’s account of tracking down Sterlingov using the very same sort of blockchain analysis that his own service was meant to defeat. The complaint outlines how Sterlingov allegedly paid for the server hosting of Bitcoin Fog at one point in 2011 using the now-defunct digital currency Liberty Reserve. It goes on to show the blockchain evidence that identifies Sterlingov’s purchase of that Liberty Reserve currency with bitcoins: He first exchanged euros for the bitcoins on the early cryptocurrency exchange Mt. Gox, then moved those bitcoins through several subsequent addresses, and finally traded them on another currency exchange for the Liberty Reserve funds he’d use to set up Bitcoin Fog’s domain…

Read More Identifying the Person Behind Bitcoin Fog

With investors currently bullish on Bitcoin, is its high value driving cybercriminals to pursue crypto-generating forms of cybercrime like ransomware and illicit miners? At time of writing, the value of one Bitcoin is north of $58 thousand. Famously volatile, a crash is widely expected to accompany the current bubble, perhaps before the end of 2021. […]

The post Is the Value of Bitcoin Tied to Ransomware Rates? appeared first on Webroot Blog.

Read More Is the Value of Bitcoin Tied to Ransomware Rates?

The United States Department of Justice has charged three North Korean computer programmers with a range of cyber attacks that made headlines around the world.

Read more in my article on the Tripwire State of Security blog.

Read More US charges North Korean hackers in relation to WannaCry, Sony Pictures attack, and an attempt to steal more than a billion dollars from banks

Skyrocketing Bitcoin prices prompt resurgence in mining malware As the price of the cryptocurrency Bitcoin pushes record highs, there’s been a corresponding resurgence in cryptomining malware. Illicit miners had slipped off the radar as Bitcoin’s value plummeted in recent years, but now authors are hoping to profit off the latest price increase. Researchers have identified […]

The post Cyber News Rundown: Cryptomining Malware Resurgent appeared first on Webroot Blog.

Read More Cyber News Rundown: Cryptomining Malware Resurgent