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Data Shows 41 Pct Hike In Ransomware Attacks In 2019

PYMNTS

Ransomeware hackers are striking more frequently, taking down computer networks across businesses, hospital and governments, the New York Times reported on Sunday (Feb. It’s been over a month since Travelex was hit by the ransomware Sodinokibi, or REvil, which has stopped Barclays and other banks from handling foreign currency conversions.

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US Treasury Proposes Sweeping New Disclosure Rules On Bitcoin, Other Cryptos 

PYMNTS

18) that the government says would make convertible digital currencies like bitcoin less attractive to criminals engaging in crimes such as ransomware attacks. The rationale for the new regulations, as the government laid out in the Federal Register, is that "U.S. Treasury Department proposed sweeping new rules late Friday (Dec.

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City Held Hostage — Via Bitcoin Ransomware

PYMNTS

When it comes to bitcoin, the stories about ransomware seem to be nothing out of the ordinary for the mainstream news cycle. But this time, the case is a bit more serious as it has to do with hackers using bitcoin ransomware to lock out local government employees from their own computers. The result?

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IRS Offers $625K For Help Cracking Cryptocurrency Secrecy

PYMNTS

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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Hacker Tracker: U.S. Most Willing To Pay On Ransomware

PYMNTS

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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Fraudsters Try New Spins On The BEC Scam

PYMNTS

BEC is not the only cyberattack causing corporate losses, however, as ransomware threats continue to ramp up as well. Below, PYMNTS explores the numbers behind the latest cases of B2B payments fraud — from attacks targeting government entities to banks’ struggle in managing the fraud threat from real-time payments.

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Navigating the Evolving Landscape of Crypto Crime

Fintech News

The report by Chainalysis provides a deep dive into these changes, highlighting the decline in certain types of crypto crimes and the persistence, if not growth, of others, such as ransomware and darknet markets. These tools have enabled law enforcement agencies to trace the flow of funds, unmasking the networks behind criminal operations.

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