What a horrible experience! I hope everyone is okay. If you’re a financial institution, and you get robbed by armed, masked, unknown perpetrators entering your lobby, you’re viewed sympathetically by the public. I still find it strange how businesses that are hit with ransomware are vilified. We’ve all heard the phrase “it takes a village.” To protect your business from ransomware, it’s going to take a village – one made up of strategies and mitigation efforts to help totally protect your business from the bad guys. Attacks have become more sophisticated too, like Advanced Persistent Threat (APT) techniques that include stealthy network reconnaissance and targeted delivery mechanisms. Ransomware can sit dormant and undetected, just waiting for the right time to ruin an otherwise great day. While that scenario does still play out, today’s ransomware attacks are often far more sophisticated. How did this happen? I think too many of us still have this vision of an end user, sitting at their workstation, clickin g a malicious link in an e-mail, and their workstation instantly displays the skull and crossbones, flashing red, with a countdown timer, and a message that says your files have been encrypted, and you have a diminishing amount of time to pay the ransom to get your files back or they’ll be gone forever. After you get them to calm down, you ask that one clarifying question, “What’s going on?” The reply – “We can’t access any of our systems!” As the conversation continues, you realize that you’ve been hit with a ransomware attack. It’s your IT Manager, with clear and audible panic in their voice. You’re up, ready to go, enjoying your first cup or glass of whatever you drink before your workday begins when the phone rings. We hope this information assists you in keeping your business’ cyber defenses at a heightened state. As we all do our best to navigate the uncertainties and constant changes associated with the Coronavirus pandemic, certain aspects of our business operations should be getting a closer look because this is when the bad guys are working their hardest. You should conduct your own research when making a decision.We recognize this is an unprecedented time for you, your family, and your community as well as for your business and employees. Every investment and trading move involves risk. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Financial Watch. Still, as Ransomwhere explains, “due to the transparent nature of Bitcoin, it’s trivial to track payments with knowledge of receipt addresses,” and-ultimately-to identify the criminals. And with so many hackers turning to cryptocurrencies for payouts, many have used this as a reason for tougher crypto regulations. The researcher added that all submitted reports are approved manually to prevent abuse and that all data is made public, helping to identify false positives and make necessary corrections.Īccording to a recent research by security firm Barracuda, the volume of Bitcoin-related cyber-attacks, including ransomware, have surged by almost 200% since the start of the bull run last autumn. “Ransomwhere aims to fill that gap by tracking Bitcoin transactions associated with ransomware groups,” wrote Cable. He thus urges anyone in possession of data on ransomware payment addresses to submit it to the site. Jack ransomwhere full#However, as Cable stresses, the picture won’t be full without the help from the community, including the victims of ransomware attacks. Check out the site and contribute data at and follow for updates.Īs the all-time amount of ransomware payments recorded by Ramsomwhere has already surpassed $60 million, this indeed may be useful information for researchers. Today, I'm excited to launch Ransomwhere, the open, crowdsourced ransomware payment tracker. According to him, possessing such data could also help understand “whether taking certain actions changes the picture.” In a Twitter thread announcing the launch of the tool, Cable said that it’s impossible to know the full impact of these attacks without comprehensive public data on the total number of ransomware payments. Cybersecurity and Infrastructure Security Agency to secure election systems ahead of the 2020 presidential elections. Ramsomwhere is an open, crowdsourced ransomware payment tracker launched last week by Jack Cable, a security researcher who helped the U.S. Total tracked ransomware payments in 2021. Mailto/Netwalker is also the second-largest this year, having netted $5.7 million, with RagnarLocker, DarkSide, and Egregor among other notable threats.
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