Wednesday, June 28, 2017

Ransomware Becomes Go-To Hack as Bitcoin Rallies, NSA Tools Leak - Bloomberg

Also see Ransomware Cyberattack Goes Global (Bloomberg)

"The rise of ransomware has coincided with two other major changes in the cyber black market. The first is the growing amount of leaked attack tools from the U.S. government available online. The second is the growing use of digital currencies, which give hackers an easy and potentially anonymous way to get paid. The malware unleashed Tuesday demands payment of $300 in bitcoin. The reason many ransomware operators ask for relatively small payments is that the amount needs to be low enough that enough people will pay, but high enough that it’s worth the effort to attack. Given the secretive nature of cryptocurrencies and the shadowy world in which cybercriminals operate, it’s virtually impossible to get an accurate read on exactly how much the hackers rake in.

Because there’s a glut of credit card and identity data for sale on the black market, it’s gotten harder for criminals to get paid, said Jeremiah Grossman, chief of security strategy for SentinelOne. But rather than try to sell data to a third party, attackers instead encrypt it -- demanding that the victim pay to get it back."
Ransomware Becomes Go-To Hack as Bitcoin Rallies, NSA Tools Leak - Bloomberg
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