The federal government charged two Iranian men for orchestrating a nearly three-year-long international hacking and extortion scheme that deployed ransomware which to date has caused more than $30 million in losses to its victims, which include hospitals, municipalities and public institutions.
A small group of cybercriminals are responsible for the most damaging cyberattacks–often with the help of state sponsorship. Still, low-level criminal activity on the dark web still poses the most widespread and immediate security threat, with cryptocurrency mining, ransomware and malware all on the rise, a recent report has found.
Two security firms warn of a flurry of “sextortion” campaigns recently that use new, creative and sometimes extreme methods that leverage personal information, sex-related activity and even death threats to spur victims to pay thousands in ransom fees to hackers.
Because of its potential to earn hackers millions in a steady stream of cash, Kaspersky Labs has deemed crypto-jacking the new ransomware in a report that arrived just as researchers spotted two new types of malware targeting the growing popularity of cryptocurrencies.
San Francisco’s Municipal Transportation Agency (MTA) was hit with a ransomware attack over the weekend, disrupting a number of agency computer systems including email, the MTA said in a statement on Sunday. And security experts say that the ransomware used has a reputation for virulence. Computer terminals observed at MTA (or “Muni”) stations displayed a message that read, in part, “You Hacked. All Data Encrypted” over the weekend, paralyzing toll collection operations and forcing the MTA to open its turnstiles and let the public ride for free. According to a report by The San Francisco Examiner claims that the ransomware thieves have infected more than 2,000 of the agency’s 8,000 computers, affecting not only fare collection, but also systems that assign routes to bus drivers. The thieves are demanding $73,000 in ransom, paid in bitcoin. In a statement on Sunday, San Francisco MTA said that the attack “disrupted some of our […]