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A blockchain research firm, Chainalysis, revealed crypto-ransomware attacks of 2021 racked up $602 million in Bitcoin and other currencies, and that figure could be even higher. In addition, the report pronounced a Russian-based hacker group named Conti as the most active and largest group of hackers by revenue last year. The
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Chainalysis’ data shows the average ransomware payment size last year reached $118,000 in cryptocurrency, up from $88,000 in 2020, according to a report published Thursday. In 2019, the average ransomware payment was only $25,000. Kim Grauer, Chainalysis’ head of research, attributes this jump to the growing sophistication of ransomware groups. Original
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The Federal Security Service (FSB) raided 25 residences tied to REvil, seizing approximately $6.8 million in various currencies – including cryptocurrencies. The FSB also seized computer equipment, crypto wallets “that were used to perpetrate crimes” and 20 luxury cars, according to a Jan. 14 press release. Source
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Russian law enforcement agencies have dismantled the notorious hacking group Revil, believed to be behind ransomware attacks in the U.S. involving cryptocurrency. Although Moscow is unlikely to hand over Russian citizens to Washington, the operation has been carried out on request from the United States, despite heightened geopolitical tensions between
Read MoreThere is still an element of the crypto “Wild West” in 2020, as cryptocurrency stolen through hacks and ransomware attacks is still being cashed out on major exchanges around the world. Ransomware attacks have proved to be a lucrative cash cow for cybercriminals over the past few years, with the
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