News with the tag "ransomware"

The FBI is issuing an alert over an ongoing ransomware campaign known as “Medusa” that’s hit hundreds of victims. Medusa is a type of malicious software first discovered in 2021 that encrypts its victims’ files before demanding a ransom in exchange for a decryption key. Medusa actors typically gain ...

International authorities are ramping up their efforts to stop groups and individuals using the LockBit ransomware to target unsuspecting users. The latest was the crackdown on the Russia-based Zservers , a bulletproof hosting service provider that allegedly had links with the LockBit cryptocurrency...

The United States, United Kingdom, and Australia have jointly imposed sanctions on Zservers, a Russia-based bulletproof hosting (BPH) service provider accused of facilitating ransomware operations, particularly for the notorious LockBit ransomware group. The U.S. Department of the Treasury’s Office ...

The global ransomware ecosystem saw a huge shift in 2024, with total ransom payments decreasing by approximately 35% year-over-year, according to a Chainalysis report. In our latest preview chapter for the 2025 Crypto Crime Report, we look at how the ransomware landscape changed in 2024. Here are so...

Ransomware gangs had a lucrative 2023, extorting a record-breaking $1.25 billion in ransomware payments. However, in 2024, the narrative changed. Chainalysis, a blockchain analytics firm, recently revealed that ransomware payments dropped 35% to $813 million. This marks a sharp decline, signaling a ...

Ransomware attacks surged last year, but victim payments declined as users refused to meet demands amid increased recovery efficiency by law enforcement. The lucrative ransomware business earned less from victim payouts year-over-year despite a rise in attacks launched by bad actors in 2024, accordi...

The ransomware business took a hit in 2024, with payments falling 35% year-over-year, according to a new report from Chainalysis. Though the number of ransomware attacks increased in 2024, ransomware gangs made less money, pulling in $814 million compared to 2023’s record-high sum of $1.25 billion. ...

The United Kingdom has launched a consultation to explore a ban that would prevent operators of critical national infrastructure from paying ransomware cybercriminals.

The UK government has unveiled groundbreaking proposals to combat ransomware attacks, focusing on safeguarding critical infrastructure such as hospitals, public services, and transportation networks. These measures aim to diminish the financial appeal of ransomware by banning all public sector entit...

Crimeware-as-a-service fuels cybercrime in crypto. Explore its impact, tactics used and key steps to safeguard your wallets and transactions.