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Bitcoin Ransomware Strikes Another Hospital

PYMNTS

Another case of bitcoin ransomware has left one Kentucky hospital in an “internal state of emergency,” according to a report from Krebs On Security. Just yesterday (March 21) PYMNTS reported about a town that was being held hostage via a bitcoin ransomware attack. And last month?

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Why Bitcoin And Ransomware Seem To Go Hand In Hand

PYMNTS

As the instances and threat of ransomware continues to wreak havoc on both businesses, governments and individuals around the world, it seems as though bitcoin has found itself closely intertwined with the malicious software. Cybersecurity experts say data backups can be an effective deterrent against ransomware attacks.

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South Korean Company Surrenders $1 Million To Ransomware

PYMNTS

A South Korea-based web hosting firm has fallen victim to ransomware. Reports Tuesday (June 20) said Nayana was hit by a ransomware attack on June 10. The attack held 153 of the company’s servers under control, with the ransomware encrypting the servers and attackers refusing to release them unless the ransom was paid.

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Even Golfers Aren’t Safe From Ransomware

PYMNTS

The Professional Golfers Association (PGA) of America has been hit with ransomware, with cybercriminals demanding a payment in bitcoin to a specific wallet address. All files on each host in the network have been encrypted with a strong algorithm.” According to Cryptovest , the message read, “Your network has been penetrated.

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US companies open Bitcoin wallets to quickly resolve ransomware

The Paypers

(The Paypers) US companies are opening Bitcoin wallets and purchasing Bitcoin in case company servers or computers are compromised with ransomware encryption.

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Ransomware Creators Call It Quits

PYMNTS

Not only are ransomware creators TeslaCrypt closing up shop, the group is also reportedly sorry for all the damage they inflicted during their run. The now-defunct ransomware Trojan was designed to find and encrypt video games on PCs. Last month, the FBI stated that the use of ransomware has reached an all-time high.

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SamSam Ransomware Attacks Are On The Rise

PYMNTS

SamSam ransomware attacks are up — and the attackers are getting more demanding. The actors then use PsExec.exe to distribute the malware to each host on the network and encrypt most of the files on the system,” the FBI added. The actors charge varying amounts in bitcoin to provide the decryption keys to the victim.”.