August 19, 2024 at 04:20PM In the first half of 2024, ransomware victims paid $459.8 million, setting the stage for a new record if payments continue. This is 2% higher than 2023, despite law enforcement operations disrupting ransomware-as-a-service. Large organizations are targeted for larger payments and data theft. Ransomware payment inflows have increased, but total … Read more
February 16, 2024 at 09:38AM Lazarus, the North Korean hacker collective known for large-scale cryptocurrency heists, has shifted to using YoMix bitcoin mixer for laundering stolen funds. Chainalysis reports a surge in YoMix activity tied to Lazarus, evidencing their adaptability to avoid sanctions on other mixing services. The report also details trends in cryptocurrency laundering … Read more
February 7, 2024 at 09:37AM In 2023, ransomware payments surpassed $1.1 billion, a record high, contrary to the previous decline in 2022. This increase was attributed to major attacks on institutions and infrastructure. Certain threat groups, like Clop, adopted a “big game hunting” strategy, targeting large organizations for substantial payments. Money laundering was done through … Read more
January 25, 2024 at 11:48AM In 2023, $1.7 billion in cryptocurrency was stolen, down from $3.7 billion in 2022. Decentralized financial systems (DeFi) were targeted, with $1.1 billion stolen, a 64% decrease. North Korean hackers stole slightly over $1 billion, with the number of attacks increasing. Cybersecurity measures are improving, with better collaboration between crypto … Read more