Security News > 2022 > October > Сryptocurrency and Ransomware — The Ultimate Friendship

Ransomware can be like a virtual car that works on all types of fuels, and crypto is the one that is currently most recommended.

No one can argue that 2020 was the year of ransomware in the cyber world, but it wasn't due to the fact that cybercriminals chose ransomware just because they knew how to attack properly.

Ransomware is a malware type that encrypts the victim's files, whether it's a random user or an organization, leading to denying them access to those files on their personal devices.

The key to gaining access is to pay the ransom to the attacker.

The Colonial Pipeline is the largest pipeline system for refined oil products in the U.S. After learning it was "The victim of a cybersecurity attack," the pipeline operator took some systems offline, temporarily halting pipeline operations and several IT systems.

The most renowned attack was the attack on Ireland's Health Service Executive, during which the gang ransomed about $ 20 million in cryptocurrency for non-disclosure of the data received.

News URL

https://thehackernews.com/2022/10/ryptocurrency-and-ransomware-ultimate.html