Cryptolocker – Network Securitas

October 1, 2020

Ransomware Victims That Pay Up Could Incur Steep Fines from Uncle Sam

This post was originally published on this siteCompanies victimized by ransomware and firms that facilitate negotiations with ransomware extortionists could face steep fines from the U.S. federal government if the crooks who profit from the attack are already under economic sanctions, the Treasury Department warned today. Image: Shutterstock In its advisory (PDF), the Treasury’s Office of Foreign Assets Control (OFAC) said “companies that facilitate ransomware payments to cyber actors on behalf of victims, including financial institutions, cyber insurance firms, and companies involved in digital forensics and incident response, not only encourage future ransomware payment demands but also may risk violating […]

August 5, 2021

Ransomware Gangs and the Name Game Distraction

This post was originally published on this siteIt’s nice when ransomware gangs have their bitcoin stolen, malware servers shut down, or are otherwise forced to disband. We hang on to these occasional victories because history tells us that most ransomware moneymaking collectives don’t go away so much as reinvent themselves under a new name, with new rules, targets and weaponry. Indeed, some of the most destructive and costly ransomware groups are now in their third incarnation. A rough timeline of major ransomware operations and their reputed links over time. Reinvention is a basic survival skill in the cybercrime business. Among […]