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CoinVault Ransomware Authors Sentenced to 240 Hours of Community Service

CoinVault Ransomware Authors Sentenced to 240 Hours of Community Service
Jul 26, 2018
Almost three years after the arrest of two young Dutch brothers, who pleaded guilty to their involvement in creating and distributing CoinVault ransomware malware , a district court in Rotterdam today sentenced them to 240 hours of community service. In 2015, the two suspects — Melvin (25-year-old) and Dennis van den B. (21-year-old) — were arrested from Amersfoort on suspicion of involvement in CoinVault ransomware attacks. The duo was arrested by law enforcement with the help of researchers from Kaspersky Labs , who reverse-engineered the malware and found the full name of one of the suspects and their IP address left accidentally on the command and control server. CoinVault ransomware campaign that began in May 2014 was one of the most successful file-encrypting ransomware program of its time that encrypted over 14,000 Windows computers worldwide, primarily the Netherlands, the US, the UK, Germany, and France. Just like other ransomware attacks, the sole intent of CoinVau

Here's How to Decrypt Hydracrypt & Umbrecrypt Ransomware Files

Here's How to Decrypt Hydracrypt & Umbrecrypt Ransomware Files
Feb 13, 2016
Over the last few years, we have seen several types of Ransomware malware that demand a whopping amount of money from users for the retrieval of their locked, compromised sensitive files. We have also witnessed the birth of decryption solution for some of the Ransomware like Cryptolocker (partial), Coinvault , Rescue Kit . One more solution has recently been released for decryption of newly emerging ransomware, dubbed as Hydracrypt and Umbrecrypt that are propagated through Angler Exploit Kit. Both of the malware belong to CrypBoss ransomware family. The source code of CrypBoss Ransomware was leaked last year on Pastebin, which was later analyzed by Fabian Wosar, a security researcher at Emsisoft. With the help of CrypBoss Source code, Wosar was successfully able to crack the encryption algorithm of the ransomware and quickly made the decryption tool for CrypBoss and its variants ( Hydracrypt and Umbrecrypt ). It is found that both Hydracrypt and Umbrec

Cybersecurity Tactics FinServ Institutions Can Bank On in 2024

Cybersecurity Tactics FinServ Institutions Can Bank On in 2024
Feb 14, 2024Financial Security / Cyber Threats
The landscape of cybersecurity in financial services is undergoing a rapid transformation. Cybercriminals are exploiting advanced technologies and methodologies, making traditional security measures obsolete. The challenges are compounded for community banks that must safeguard sensitive financial data against the same level of sophisticated threats as larger institutions, but often with more limited resources. The FinServ Threat Landscape Recent trends show an alarming increase in sophisticated cyber-attacks. Cybercriminals now deploy advanced techniques like deep fake technology and AI-powered attacks, making it increasingly difficult for banks to differentiate between legitimate and malicious activities. These developments necessitate a shift towards more sophisticated and adaptive cybersecurity measures. Take these industry statistics, for example. Financial firms report 703 cyberattack attempts per week.1 On average, 270 attacks (entailing unauthorized access of data, appl

Free Ransomware Decryption Tool — CoinVault and Bitcryptor

Free Ransomware Decryption Tool — CoinVault and Bitcryptor
Oct 31, 2015
Have you been infected with the insidious CoinVault or Bitcryptor ransomware? If so, there is some potentially good news for you. You may now recover your encrypted files for FREE! – Thanks to the efforts of Dutch police and antivirus maker Kaspersky Lab. Security researchers from Kaspersky Lab and the Dutch Public Prosecution Service have obtained and published the last set of encryption keys from command-and-control (C&C) servers used by two related ransomware threats – CoinVault and Bitcryptor . Security researchers first observed CoinVault ransomware attacks in May 2014. Since then, CoinVault has made more than 1,500 victims in more than 108 countries. In April 2015, the Dutch police obtained ' Decryption keys ' database from a seized command and control server of CoinVault. Ransomware Decryption Tool Those decryption keys were then used by Kaspersky Lab to set up a Ransomware Decryptor Service , which included a set of around 750 decryp

The Critical State of AI in the Cloud

cyber security
websiteWiz.ioArtificial Intelligence / Cloud Security
Wiz Research reveals the explosive growth of AI adoption and what 150,000+ cloud accounts revealed about the AI surge.

CoinVault Ransomware Decryption Tool Released

CoinVault Ransomware Decryption Tool Released
Apr 14, 2015
Are you one of those Windows users who have found themselves as victims of the CoinVault Ransomware ? If Yes, then we have a Good news for you: Victims of CoinVault ransomware can now decrypt their files encrypted by malware using a free tool released by Kaspersky Lab. With the Help of The National High Tech Crime Unit (NHTCU) of the Dutch Police, Security Researchers at Kaspersky Labs have developed ' CoinVault Ransomware Decryptor ' that decrypts files locked by ransomware like CoinVault. Ransomware malware is a growing cyber threat in which hackers primarily gain access to a user's system and demand a ransom be paid. Ransomware malware infects a computer or device to restrict the user's access to the infected computer. Typically, the ransomware malware will either 'lock' the computer to prevent normal usage or encrypt the files on it to prevent access. Recently, during an investigation of the CoinVault ransomware, the Dutch police we
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