Bitcoin Ransom – DIGIT INFO

China Jails Kidnappers That Demanded ‘Hundreds of Bitcoins’ as Ransom Payment

DIGIT — Fri, 01 Apr 2022 10:00:23 +0000

Chinese authorities have jailed four individuals that were accused of kidnapping one person and demanding “hundreds of bitcoins” as a ransom payment. While the alleged kidnapping is reported to have occurred in the Philippines, the cooperation between the two countries eventually led to the arrest and eventual sentencing of the Chinese kidnappers. A Ransom Demand […]

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Chairman of Nigerian Economic Crimes Commission: Crypto Growth Is a ‘Far Greater Danger to the World Economy’

DIGIT — Wed, 08 Sep 2021 09:30:32 +0000

The chairman of Nigeria’s Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has singled out the growth of cryptocurrencies as something that now poses “a far greater danger to the world economy.” Therefore, in order to deal with such dangers or threats, Bawa advocates for a “collective and collaborative approach by authorities around the world.” […]

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Joe Biden Directs US Intelligence to Investigate Ransomware Attack Against Florida IT Firm

DIGIT — Mon, 05 Jul 2021 15:30:57 +0000

Joe Biden wants to crackdown on ransomware according to statements he made on Friday, after hackers hijacked software from a Miami-based IT supplier called Kaseya. Hundreds of American businesses were affected by the breach as the attackers encrypted the files of some 200 clients. Biden said on Friday that he’s ordered an investigation into the […]

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G7 Leaders Ask Russia to Urgently Identify Those Who Abuse Cryptocurrency in Ransomware Attacks

DIGIT — Mon, 14 Jun 2021 15:00:04 +0000

The G7 leaders have called on Russia to urgently “identify, disrupt, and hold to account” ransomware hackers and those abusing cryptocurrency to launder ransoms. “We reiterate our interest in stable and predictable relations with Russia, and will continue to engage where there are areas of mutual interest,” the G7 leaders said. G7 Nations Ask Russia […]

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Stablecoin Issuer Tether Says It Is a Victim of a 500 BTC Ransom Demand Infoleak Threat

DIGIT — Mon, 01 Mar 2021 12:15:21 +0000

Just days after the conclusion of its long-running feud with the Office of the Attorney General of New York, Tether says it is now a victim of an extortion attempt. According to the stablecoin issuer, the blackmailers are threatening to release documents they claim “will harm the bitcoin ecosystem” if their demand for the payment […]

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Former UK Cyber Intelligence Official Pushes for Law Change to Stop Bitcoin Ransomware Payments

DIGIT — Wed, 27 Jan 2021 13:07:23 +0000

A former U.K. cybersecurity chief has raised concerns that ransomware incidents are close to “getting out of control.” Ciaran Martin has also called for laws to prevent people from paying bitcoin to cybercriminals. Former Official Claims Most of the Cybercriminals Are Based in Russia During an interview with The Guardian, Martin, who was the head […]

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DDoS Attackers Return With Massive Extortion Campaigns in the Wake of Bitcoin Prices Surging

DIGIT — Mon, 25 Jan 2021 17:30:03 +0000

Threat actors have been finding opportunities in bitcoin’s bullish trend to increase their extortion campaigns. Hackers are actively threatening companies with DDoS attacks unless they pay for bitcoin ransoms. Bull Run Prices Push Extortionists to Increase Bitcoin Ransom Demands According to an alert issued by security firm Radware, there have been several reports between December […]

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South African Kidnappers Demand a 15 Bitcoin Ransom

DIGIT — Fri, 25 May 2018 21:00:50 +0000

Bitcoin and other cryptocurrencies have always been appealing to criminals. Whereas most of the illegal activity takes place online, that is not always the case. In South Africa, a kidnapping of a 12-year-old child is making headlines. This is mainly because the kidnappers have demanded a 15 Bitcoin ransom prior to releasing the child. Another Bitcoin-related Kidnapping In the world of criminal activity, covering one’s tracks is not all that easy. This is especially true when dealing with payment methods which are far too easy to trace these days. For criminals, this means that using traditional payment methods is pretty

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Bitcoin in Brief Wednesday: Hacker Gets Trolled, Vertcoin Gets Hacked

DIGIT — Wed, 02 May 2018 10:30:36 +0000

With all the talk about buying lambos, and some people making serious money, it’s no surprise that the cryptocurrency world attracts hackers looking for rich targets. Today’s edition of Bitcoin in Brief showcases two typical cases and one atypical response. Also Read: Japanese Forex Giant GMO to Launch New UK Crypto Trading App Ransomware Hacker […]

The post Bitcoin in Brief Wednesday: Hacker Gets Trolled, Vertcoin Gets Hacked appeared first on Bitcoin News.

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80% of Companies Are Interested in Bitcoin Transactions, Survey Finds

DIGIT — Tue, 13 Mar 2018 02:55:54 +0000

Another survey has revealed that the business world is eager to start using bitcoin to save on transactions costs and reduce dependence on entrenched systems. However, many companies are still concerned that holding bitcoin will make them a target for hackers. Also Read: Silicon Valley VCs Help Crypto Hedge Fund Reach Quarter Billion Target Survey […]

The post 80% of Companies Are Interested in Bitcoin Transactions, Survey Finds appeared first on Bitcoin News.

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