Reports are emerging of a new wave of malware that is targeting the crypto community, and is threatening to become a real threat to these users. The malware, called Bad Rabbit, is targeting cryptominers. The BadRabbit malware is a form of ransomware, which encrypts victims’ data and demands a ransom to decrypt it. Previously, ransomware targeted individual computers, but this latest form of malware is coming from a botnet of infected computers that hackers have infected with the malware and then used to attack a specific target.
The U.S. Senate has produced a report following a joint investigation with the U.S. Department of Homeland Security and the Federal Bureau of Investigation (FBI), which states that cyber criminals have exploited a weakness in the open-source software used to secure websites, using the promise of privacy in the form of encryption. This has led to a spike in the number of ransomware attacks, where criminals encrypt users’ data and demand a ransom in exchange for the key to decrypt it.
Well, I guess we should have seen this coming. This past week, there was a major ransomware attack that infected over 200,000 computers in 150 countries. The attack, which was called WannaCrypt, spread rapidly through a vulnerability in Microsoft’s Windows Server Message Block (SMB) file sharing service, infecting machines running the affected versions of Windows.. Read more about future of cryptocurrency 2021 and let us know what you think.US lawmakers are debating a possible ban on cryptocurrencies as a solution to the ransomware attacks that hit US institutions last month, and opinions appear to be divided. In early May, operations of America’s largest fuel pipeline were interrupted when hackers infected Colonial Pipeline’s computer networks. The food packaging company JBS was attacked in the same way. Colonial Pipeline has since paid a $4.4 million settlement. Democratic Senator Mark Warner addressed the issue on the 6th. June on NBC News Meet the Press, where reporter Chuck Todd told him that a total ban on cryptocurrencies could curb the growing trend of cybercriminals demanding ransoms in bitcoin (BTC) and other cryptocurrencies. Warner doesn’t think cryptocurrencies should be banned outright, adding that distributed ledger technology has brought many good things, but its dark side has now been exposed. I have a lot of questions about crypto-currencies. Distributed ledger technology has done a lot of good, but now we’re also seeing some dark sides … and that’s why I’m focusing more on transparency, he said. Warner said some cryptocurrency systems can already be hacked by authorities if they wanted to. However, he said that discontinuing this technology would only lead criminals to other technologies. The truth is, there are ways to hack into some of these systems, but … if there’s no transparency about these payments, the bad guys will just find another way to hide them, Warner said. Republican Senator Roy Blunt has suggested that cryptocurrencies should not be on the back burner of criminal activity, arguing that cryptocurrencies have become a key tool of ransomware attackers due to their untraceability and ease of use. We need a lot of cash in our country, but we haven’t figured out how to track cryptocurrencies around the country or the world. So the first one is pretty easy to do. People almost always pay ransom. There are very few consequences. And you can’t detect ransomware, which is now privileged. And that’s where we need to do a better job, Blunt said.The attack comes amid increased fears that cryptocurrencies like bitcoin are enticing people into criminal activity. Unconfirmed reports say the hackers behind the attack demanded a ransom of $300 worth of bitcoin. The hackers said they would delete files on infected computers unless the ransom was paid.. Read more about next bitcoin stock and let us know what you think.
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