Bitcoin News / Google News Bitcoin - 1 year ago
British multinational jeweler Graff Diamonds Corp. has filed a lawsuit against its insurer, The Travelers Companies, Inc. (Travelers), for failing to provide indemnity after it paid $7.5 million in Bitcoin to ransomware hackers.
Graff Sues Insurer...
Cryptocoins News / Blockchain - 1 year ago
Blockchain networking company Everything Blockchain Inc. has applied for a patent for its Blockchain drive (EB Drive).
As traditional data storage mainly exists on local or network hard drives is vulnerable to ransomware attacks. Despite data being...
Cryptocoins News / The Cointelegraph - 2 years ago
A new report by blockchain analytics firm CipherTrace highlights the growing role that privacy-focused cryptocurrencies such as Monero are playing in the rising tide of ransomware.“Current Trends in Ransomware” delves into trends observed during 2021...
Cryptocoins News / The Cointelegraph - 2 years ago
A new report by blockchain analytics firm CipherTrace highlights the growing role that privacy-focused cryptocurrencies such as Monero are playing in the rising tide of ransomware.“Current Trends in Ransomware” delves into trends observed during 2021...
by COINS NEWS - 2 years ago
The Senate Republican Policy Committee (RPC) released a paper called Cryptocurrency Goes Mainstream. The RPC provides analysis and research to inform the members of the party about various topics. This specific paper is focussed entirely on crypto. A...
Bitcoin News / Bitcoinist - 2 years ago
As cybercrime increased with the spread of the COVID-19 pandemic and cyberwarfare became a hot topic following Russia’s attack on Ukraine, cryptocurrency increasingly became associated with illegal and criminal activities. It has become a significant...
Bitcoin News / Bitcoin.com - 2 years ago
Canada’s police have seized bitcoin worth more than $28 million from a former government employee who has been extradited to the U.S. to “face charges for dozens of ransomware attacks resulting in the payment of tens of millions of...
Bitcoin News / Bitcoinist - 2 years ago
Major U.S. banks are expecting retaliatory ransomware attacks following the imposition of tough sanctions on Russia for invading Ukraine, cyber specialists and executives say.
Tensions between Russia and the West worsened Saturday as the US and its a...
Cryptocoins News / The Cointelegraph - 2 years ago
Just between July 2020 and June 2021, ransomware activity soared by a whopping 1,070%, according to a recent Fortinet report, with other researchers confirming the proliferation of this mode of extortion. Mimicking the prevalent business model of the...
Cryptocoins News / NewsBTC - 2 years ago
Both the FBI and the U.S. Justice Department are making moves in the crypto space. Recent high-profile victories offered the necessary incentive for both organizations to take action. Reuters reports that the Justice Department hired “a seasoned com...
Cryptocoins News / The Cointelegraph - 2 years ago
According to a new report published by blockchain analytics firm Chainalysis on Monday, approximately 74%, or over $400 million USD, of ransomware revenue last year were funneled into high-risk wallet addresses that are likely to have been based in R...
Cryptocoins News / NewsBTC - 2 years ago
A blockchain research firm, Chainalysis, revealed crypto-ransomware attacks of 2021 racked up $602 million in Bitcoin and other currencies, and that figure could be even higher. In addition, the report pronounced a Russian-based hacker group named C...
Cryptocoins News / The Cointelegraph - 2 years ago
A new report estimates that ransomware payments tallied at least $602 million in 2021 — but the actual total could be much higher.Blockchain analysis firm Chainalysis released new data on Feb. 10 about ransomware activity related to cryptocurrency i...
Bitcoin News / Bitcoin.com - 2 years ago
Russian law enforcement agencies have dismantled the notorious hacking group Revil, believed to be behind ransomware attacks in the U.S. involving cryptocurrency. Although Moscow is unlikely to hand over Russian citizens to Washington, the operation...