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Toronto police are investigating the kidnapping of Dean Skurka, CEO of WonderFi. Skurka was abducted in downtown Toronto during rush hour on Wednesday, Nov. 6. He was later released after a $1 million ransom was paid electronically, per CBC. The…
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Cencora, a healthcare solutions provider, paid a total of $75 million to a ransomware group earlier this year, according to Bloomberg. The publicly traded drug distributor, formerly known as AmerisourceBergen, reportedly sent Bitcoin (BTC) worth $75 million to cyberattackers following…
BTC
Bitcoin
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A newly evolved wallet drainer has unleashed a wave of scams targeting emerging blockchain ecosystems like TON and TRON, analysts say. Blockchain ecosystems like The Open Network and TRON seem to be under siege as the newly evolved AngelX wallet…
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Analysts at Chainalysis say illicit blockchain activity has dropped nearly 20% YTD, yet stolen funds and ransomware inflows continue to rise. Illicit crypto activity has declined nearly 20% year-to-date, a positive sign for the growing legitimacy of the sector, according…
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Analysts at TRM Labs say Russian-speaking ransomware groups accounted for nearly 70% of all crypto proceeds from ransomware in 2023. Russia has seemingly become the center for ransomware-related threat actors in 2023 Russian-speaking ransomware groups accounted for nearly 70% of…
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Treasury’s OFAC has sanctioned the Russian developer of LockBit, who transferred crypto to various illicit services, including sanctioned Russian exchange Garantex, Chainalysis says. Dmitry Khoroshev, a Russian developer of the ransomware program called LockBit which has been recently sanctioned by…
BTC
Bitcoin
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Blockchain forensics firm Chainalysis says ransomware attacks involving payments decreased by 46% in 2023. As the ransomware market becomes increasingly saturated with new schemes due to lower barriers-to-entry, executing profitable attacks involving crypto payments has become a challenging thing, according…
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A ransomware group claims to have targeted Bitfinex, but top brass at the cryptocurrency exchange deny that a cyberattack occurred. Here's what we know.
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Cyber gang BlackCat allegedly scammed its own affiliates as the group went dark shortly after it disrupted the U.S. healthcare system. An address associated with the ransomware gang BlackCat, also known as ALPHV and Noberus, received approximately $22 million worth…
BTC
Bitcoin
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A global cybercrime coalition has effectively dismantled the operational network of LockBit, a leading global ransomware syndicate.
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In 2023, ransomware gangs set a new all-time high, surpassing $1 billion in extorted crypto payments from victims, data shows. According to data published by Chainalysis, crypto ransomware payments surged to $1.1 billion, marking a 10% increase from the previous…
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A Russian-speaking crypto ransomware gang LockBit has attacked ICBCFS arm in the U.S. Cryptocurrency ransomware gang LockBit has attacked the U.S. arm of the Industrial and Commercial Bank of China Financial Services (ICBCFS). Currently, it prevents the bank from settling…
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Australia's National Disability Insurance Scheme (NDIS) is on high alert following a high-profile ransomware attack on law firm HWL Ebsworth, where sensitive client information may have been compromised and released on the dark web.
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Australia is under pressure to outlaw paying cyber ransoms, especially with cryptocurrency, after a major data breach hit Latitude Financial, the country's biggest cyber attack to date, compromising sensitive information like driver's license numbers, passports, and financial records.
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Euler Finance, after paying 0 ether as ransom, has demanded the hacker to return 90% of the stolen funds or they would take legal action. The hacker made away with $196M.
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On Jan. 19, Chainalysis released a report showing that 2022 was an impactful year for fighting cybercrime. Revenue from ransom attacks reduced to $456.8 million from 765.6 million in 2021. Experts from Chainalysis attribute this considerable drop of 40% to…
