US House bill prohibits ransomware payments over $100,000

The US House of Representatives is on the brink of passing a significant bill aimed at curbing the scourge of ransomware attacks by prohibiting payments exceeding $100,000. The primary objective is to safeguard the nation’s financial infrastructure from the growing threat of ransomware. The reintroduction of the Ransomware and Financial Stability Act by the House […]

Dutch University gets back double the ransomware payment

In the year 2019, a Netherlands-based University was victimized by a ransomware attack where cyber criminals demanded 200,000 Euros or $200,000 in the BTC to free up the database from encryption. As the educational institution was about to lose valuable staff, students and curriculum related data, it bowed down to the demands of ransomware spreading […]

Most companies think paying ransom is wise in ransomware attacks

According to a survey conducted by ThycoticCentrify, almost three in every five companies have become a victim to a ransomware attack in the past 12 months in United States. And most of them think that paying a ransom is wise in ransomware attacks as it helps them recover all encrypted data at once and will […]

Email ransom frauds leading to suicides

Imagine one fine day an email pops out on your screen and presents itself to be from a friend or colleague. But when you click on it, that leads you to a string of vicious threats to destroy your life until a ransom is paid. Well, this is not a storyline from a Hollywood movie […]

Leominster pays $10K in bitcoin to free up data from a ransomware attack

Leominster school district located in the scenic locales of Worcester County, Massachusetts is reported to have paid $10k in bitcoin to free up data from the ransomware attack which encrypted its entire database early this month. Mayor Dean J Mazzarella said that the ransom payment made for the cyber attack will be debited from the […]

Web hosting provider to pay 1 million to ransomware hackers

South Korea’s web hosting company named Nayana has finally agreed to pay $1 million in bitcoins to hackers who launched a ransomware driven cyber-attack on the company’s business servers. As per the sources reporting to our Cybersecurity Insiders, negotiations with the hackers have completed and the web hosting company has decided to bow to the […]

Schools in Florida turn extremely vulnerable to Cyber Attacks

Florida-based School Networks are extremely vulnerable to cyber attacks, says a research study made by United Data Technologies. The Doral-based cyber security firm also confirmed that at least 4 Florida school district networks were hacked by cyber crooks to slip into other sensitive government systems, including state voting systems just before the US 2016 Polls. […]

Hackers demand 50 million Bitcoins Ransom from Wipro for Cyber Attack

Indian IT Company Wipro is said to have received a cyber threat from hackers who are demanding a sum of USD 50 million in Bitcoins to keep the database of the said tech giant free from malware. The company is, however, unperturbed with this issue and said that a team of top class officials who […]

MongoDB Database hacked for Ransom

MongoDB’s database which was hacked by cyber criminals last month is on a verge of being leaked to the public. The hackers who siphoned some critical content from the main network of the open source platform are now demanding a heavy ransom. If the company fails to pay them they are planning to leak those […]

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