Ransomware News

Treasury’s OFAC has sanctioned the Russian developer of LockBit, who transferred crypto to various illicit services, including sanctioned Russian exchange Garantex, Chainalysis says. Dmitry Khoroshev, a Russian developer of the ransomware program called LockBit which has been recently sanctioned by…

Blockchain forensics firm Chainalysis says ransomware attacks involving payments decreased by 46% in 2023. As the ransomware market becomes increasingly saturated with new schemes due to lower barriers-to-entry, executing profitable attacks involving crypto payments has become a challenging thing, according…

A ransomware group claims to have targeted Bitfinex, but top brass at the cryptocurrency exchange deny that a cyberattack occurred. Here's what we know.

Cyber gang BlackCat allegedly scammed its own affiliates as the group went dark shortly after it disrupted the U.S. healthcare system. An address associated with the ransomware gang BlackCat, also known as ALPHV and Noberus, received approximately $22 million worth…

A global cybercrime coalition has effectively dismantled the operational network of LockBit, a leading global ransomware syndicate.

In 2023, ransomware gangs set a new all-time high, surpassing $1 billion in extorted crypto payments from victims, data shows. According to data published by Chainalysis, crypto ransomware payments surged to $1.1 billion, marking a 10% increase from the previous…

A Russian-speaking crypto ransomware gang LockBit has attacked ICBCFS arm in the U.S. Cryptocurrency ransomware gang LockBit has attacked the U.S. arm of the Industrial and Commercial Bank of China Financial Services (ICBCFS). Currently, it prevents the bank from settling…

Australia's National Disability Insurance Scheme (NDIS)  is on high alert following a high-profile ransomware attack on law firm HWL Ebsworth, where sensitive client information may have been compromised and released on the dark web.

Australia is under pressure to outlaw paying cyber ransoms, especially with cryptocurrency, after a major data breach hit Latitude Financial, the country's biggest cyber attack to date, compromising sensitive information like driver's license numbers, passports, and financial records.

Euler Finance, after paying 0 ether as ransom, has demanded the hacker to return 90% of the stolen funds or they would take legal action. The hacker made away with $196M.

On Jan. 19, Chainalysis released a report showing that 2022 was an impactful year for fighting cybercrime. Revenue from ransom attacks reduced to $456.8 million from 765.6 million in 2021.  Experts from Chainalysis attribute this considerable drop of 40% to…

Hackers demand ₹200 cr in crypto to restore the AIIMS-Delhi server after six days of shutdown.

Vice’s Christian Devolu argues that cryptocurrency has fundamentally changed how cybercrime is carried out. In the past, hackers have used ransomware to extort money from prominent organizations, and now, he says they are asking for crypto as payment. In his…

The Deputy Attorney General of the United States revealed that the Justice Department created a National Cryptocurrency Enforcement Team (NCET), to combat the illicit use of cryptocurrency for criminal activities.  The US Determined to Crackdown on Cybercrime Lisa Monaco announced…

UK-based currency exchange site Travelex is the latest victim of suspected cybercriminals demanding Bitcoin (BTC) ransom. The BBC reports that the alleged hackers want $6 million in BTC in exchange for the decryption of the company’s hacked files. $6 Million…

Petroleos Mexicanos (PEMEX), a state-owned petroleum company established in 1938, has suffered a ransomware attack that has succeeded in shutting down its computers and online payment systems. The hackers are demanding for 565 BTC and have given the firm a…