PYMNTS

JANUARY 17, 2017

In late December, Los Angeles Valley College found itself to be the latest victim of a ransomware attack — when malicious software is used by to block access to files until demands are met. The hackers sent the college a ransom note demanding payment in bitcoin within seven days for a private key to regain access to the files.

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Bitcoin Ransomware Law Enforcement Cybersecurity 43

PYMNTS

APRIL 28, 2017

was the number one target for ransomware last year. To start, ransomware threats escalated globally through 2016 in size, number and kind. Likewise, they registered a 36 percent increase in ransomware attacks globally in the same period. It’s no surprise, then, that the written amount of ransomware has gone up and that the U.S.

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PYMNTS

SEPTEMBER 11, 2020

For example, in April 2020 a RaaS (Ransomware as a Service) group called Sodinokibi (a former affiliate with the GrandCrab RaaS group) stated that future ransom request payments will be in Monero (XMR) rather than bitcoin (BTC) due to transaction privacy concerns," the agency states in its RFP. Even the U.S.

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PYMNTS

OCTOBER 18, 2019

Thus, for criminals, at times bitcoin and other cryptos are a conduit to money laundering, ransomware and, at times, just trying to hide in plain sight. In news at the end of this week, the largest child pornography site in the world has been shuttered — and had operated across the Dark Web, funded by bitcoin.

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PYMNTS

MARCH 29, 2018

Law enforcement in South Korea is looking into Youbit, the South Korean bitcoin exchange that was the subject of a heist that brought the exchange down, and are investigating the prospect that North Korea may have been involved. North Korea has denied it is involved in any of the recent hacks.

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PYMNTS

AUGUST 21, 2017

The black market took a hit when, in July, law enforcement took down two of the biggest dark web marketplaces, AlphaBay and Hansa Market. On the dark web, some of those false listings come from law enforcement trying to bait criminals. It’s not that these sites didn’t have security or verification before.

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PYMNTS

MAY 15, 2017

Reuters and others reported that the ransomware infections that hit computers worldwide likely trace their genesis to the U.S. fell victim Friday (May 12) of a cyberattack , while several companies in Spain were hit with a ransomware attack. El Mundo reported attackers want a ransom paid in bitcoin, Bloomberg stated.

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Ransomware Law Enforcement Cybersecurity Government 40

PYMNTS

JUNE 20, 2016

The data led industry experts to warn companies that they should report cybercrime as soon as possible to law enforcement, though some officials agree that the mechanisms to report such crimes are far from straightforward and streamlined. firms think bitcoin is a flop , found Smith & William’s Enterprise Index survey.

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PYMNTS

MAY 15, 2017

The massive wave of crypto-ransomware cyberattacks now reported to have hit more than 200,000 computers in 150 countries shouldn’t be just another “look at how smart and cunning and horrible those cybercriminals are” headline. That means bitcoin. What Does Any of This Have To Do With Bitcoin? Who Is Frances Kelsey?

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Bitcoin Ransomware Multi-Currency Regulations 62