Ransomware negotiator investigated over criminal gang kickbacks

If someone is going to negotiate with criminals for you, that person should at least be on your side. That might not have been the case at Digital Mint, a ransomware negotiation company where one worker allegedly went rogue. According to Bloomberg, Digital Mint is cooperating with the US Departme...

JBS Paid $11M to REvil Gang Even After Restoring Operations

JBS Foods paid the equivalent of $11 million in ransom after a cyber-attack that forced the company to shut down some operations in the United States and Australia over the Memorial Day weekend. The company made the payment to cybercriminals to ensure the protection of its data and mitigate any...

U.S Charges Two Iranian Hackers for SamSam Ransomware Attacks

The Department of Justice announced Wednesday charges against two Iranian nationals for their involvement in creating and deploying the notorious SamSam ransomware. The alleged hackers, Faramarz Shahi Savandi, 34, and Mohammad Mehdi Shah, 27, have been charged on several counts of computer hackin...

The real problem with ransomware

Ransomware – a specialized form of malware that encrypts files and renders them inaccessible until the victim pays a ransom – is an extremely serious problem and it’s quickly getting worse. The FBI estimated that ransomware payments were $1 billion in 2016, up from “just” $24 million a year...