August 20, 2024 at 08:24AM Chainalysis reported an increase in ransomware payments and stolen cryptocurrency in the first half of 2024. While illegal on-chain activity decreased by 20%, ransomware payments rose by 2% to $459.8 million. The median ransom payment increased from $200,000 to $1.5 million. Stolen cryptocurrency losses reached $1.58 billion by July 2024, … Read more
April 19, 2024 at 07:48AM The Akira ransomware group has extorted $42 million from over 250 victims by targeting businesses and critical infrastructure worldwide. They initially focused on Windows systems before deploying a Linux variant. The group exploits known vulnerabilities in Cisco appliances and uses various methods to establish persistence and evade detection. Akira is … Read more
February 9, 2024 at 04:09PM Ransomware payments soared in 2023, doubling compared to the previous year, exceeding $1 billion. Chainalysis found a total of $1.1 billion in cryptocurrency wallets used by cybercriminals to receive payments, a significant increase from $557 million in 2022. The report also highlighted an increase in ransomware attacks and the laundering … Read more
October 31, 2023 at 06:56PM Top White House officials are working to secure an agreement among nearly 50 countries to not pay ransoms to cybercriminals. This initiative is being discussed at the Counter Ransomware Initiative (CRI) summit in Washington DC. The summit also focuses on leveraging artificial intelligence to track cryptocurrency payments, enhancing information sharing, … Read more