Crypto Extortion on the Rise, Says Academic Study

Crypto-based extortion –  basically the process of using spam-flinging botnet armies to “ransom” dirty pictures and compromising information in exchange for bitcoin  –  has turned virtual crime into child’s play. Speaking this week at the Advances in Financial Technology conference in Zurich, an international team comprised of researchers from the Austrian Technology Institute and security […]

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Emsisoft Releases Bug Fix for Bitcoin-Ransoming Malware WannaCryFake

Software firm Emsisoft released a bug fix for the bitcoin-ransoming malware WannaCryFake. Announced today in a blog post, the free software will help recover encrypted files without leading to data loss. Unlike real crypto-mining exploits, ransomware is dependent on extortion to reap a reward. Ransomware attacks increased 118 percent in 2019, equaling 504 new threats […]

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