Topic: Ransomware Cyber Pirates strike again and rakes in more crypto! - page 2. (Read 350 times)

The best way to deal with ransomware is to NEVER PAY THE RANSOM.
If the network gets hacked, the companies will have to rebuild it from scratch with backed up data(assuming that they are backing up their data). If they don't backup their data, this means that they are totally unprofessional and irresponsible when dealing with sensitive info.
Cryptocurrencies should not be blamed for the existence of ransomware. What if the hackers are asking for gift cards instead of crypto?
Does that mean that all companies issuing gift cards are guilty for the existence of ransomware? 

Dude, someone show tell them that storage is CHEAP.

An Amazon S3 backup of a hundred computers each with with about 30GB worth of hard hard disk data, every day (so 100TB) stored in Glacier storage costs only $100 dollars per month.

Even other cloud backup services have similar rates.

These hackers are telling people to pay millions, hundreds of thousands of dollars.

What's so difficult about spending a few thousand dollars over several years to make sure that you never have to worry about ransomware hackers?

Yes now I having more than a basic knowledge of cybersecurity may be among of the requirements for employment because we have seen/known how some systems are really secured but out of the negligence of the supervisor, the organisation still victims of hack. While also users should be careful because using a hardware wallet do not make your coins 100% safe from hacks, you have to be cautious and make it safe yourself by taking proper steps in doing so because hackers are not sleeping but constantly developing new innovative for their schemes and if we are uninformed we will be victimised.

When a company owner or a CEO are looking for ways to reduce costs they look at those backups as a waste of resources, so they simply cut down those costs, after all what is the worst it could happen? And that is when they become extremely vulnerable to a ransomware attack and then they have to pay way more to get back their data, with no way to be sure if the information they are receiving back is completely intact or if there is still malicious software being hidden anywhere in that data.

Are companies really affected by these randomsware attacks anymore? You would think unless it was some small mom and pop business most IT have a up to date backup.

Even 20 years ago when I worked for a company, they had simple backups with Windows OS, every hour, every day it would make a backup. Saved the company a few times.

Or at least make that one mistake when they try to mix coins using centralized platform. And then you have to think as to why the hell this supposedly hackers, a group of them making that one biggest mistakes that can take them down.

In any case, yes, everyone is vulnerable, there's even government attacks as well from them and then demanding ransom as if they are above the law. But with regards to the world that we live in, we really can't stress that enough. We need to educate ourselves on safe practices here, online and offline so that we will not be another statistics to the growing crypto enthusiast who lost it to this criminals.

A trial by fire. I know this sucks for the businesses and their users, but this will cause these companies to actually take their cyber security a lot more seriously and stop being complacent as hell. At the very least — at least even the platforms now take some flack, rather than only the users.

What people really don't want to talk about is that cryptocurrency enabled ransomwere, because it's a global and private payment method which is perfect for hackers to receive payments from victims. Bank transfers or PayPal are not global, they have security checks for large transactions, they can freeze accounts or transactions and accounts need to be registered with government id. Like it or not, ransomwere wouldn't be as prevalent as it is now if cryptocurrency didn't exist.

I don't even need to drop a source you can read it all over the internet and see it all over the news, Shimano got hacked earlier this week, MGM casino/hotel group reccently, Boeing, so many others. Ransomware groups are very intruiging to me because they operate just like any normal business; they even have a telephone line and an email for support on paying them their ransome to decrypt your company's data. These groups ought to think they are so savvy, until the US sanctions office comes and knocks on their door! Which is honestly sort of unlikely to happen at this point as these ransomware groups are sheer experts with computing and seeking out vulernable corporate networks to pillage and muck up. The average ransom paid out varies but can range from a couple thousand dollars to millions of dollars. Its even more so interesting to me because since these attacks are so commonplace now, insurance companies and regulators are all making sufficient cyber security solutions a requirement such as having an EDR solution that meets regulations in place in order to get coverage, and operate their business legally. Oftentimes Incident Response or IR companies are hired to help them negotiate w/ the cyber pirates and pay them a ransom in BTC. Hackers surely have quite the attack surface these days, just make sure your coins and crypto are secure!