Cryptowall | Breaking Cybersecurity News | The Hacker News

Beware Internet Users! Cryptowall 4.0 – the newest version of the world's worst Ransomware – has surfaced in the Nuclear exploit kit , one of the most potent exploit kits available in the underground market for hacking into computers. Ransomware threat has emerged as one of the biggest threats to internet users in recent times. Typically, a Ransomware malware encrypts all files on victim's computer with a strong cryptographic algorithm, then demand a ransom to be paid in Bitcoin (range between $200 and $10,000). Cryptowall is currently among the most widespread and sophisticated family of Ransomware backed by a very robust back-end infrastructure. Also Read: Anyone can Now Create their Own Ransomware using This Hacking ToolKit The recent report dated back to last month suggested that the authors of Cryptowall 3.0 ransomware virus have managed to raise more than $325 Million in revenue in the past year alone. With the debut of Cryptowall 4.0 at the beg

The Creators of the notorious CryptoWall ransomware virus have managed to raise more than $325 million (£212 million) in this past year alone. Ransomware has emerged as one of the biggest cyber threats to web users in recent times. Typically, hackers primarily gain access to a user's computer system using a ransomware malware, which encrypts all files with a strong cryptographic algorithm, and demand a ransom money to be paid in Bitcoin, typically between $200 and $10,000. In June 2014, researchers first discovered the CryptoWall ransomware attack, and currently, the latest CryptoWall version 3.0 (CW3) is the most sophisticated and complex family of this malware backed by a very robust back-end infrastructure. Must Read:   FBI Suggests Ransomware Victims — 'Just Pay the Ransom Money' According to the latest report  ( pdf ) published by Cyber Threat Alliance (CTA) , an industry group formed last year to study emerging threats, researchers have disco

Ambitious Employees Tout New AI Tools, Ignore Serious SaaS Security Risks Like the  SaaS shadow IT  of the past, AI is placing CISOs and cybersecurity teams in a tough but familiar spot.  Employees are covertly using AI  with little regard for established IT and cybersecurity review procedures. Considering  ChatGPT's meteoric rise to 100 million users within 60 days of launch , especially with little sales and marketing fanfare, employee-driven demand for AI tools will only escalate.  As new studies show  some workers boost productivity by 40% using generative AI , the pressure for CISOs and their teams to fast-track AI adoption — and turn a blind eye to unsanctioned AI tool usage — is intensifying.  But succumbing to these pressures can introduce serious SaaS data leakage and breach risks, particularly as employees flock to AI tools developed by small businesses, solopreneurs, and indie developers. AI Security Guide Download AppOmni's CISO Guide to AI Security - Part 1 AI evoke

We have seen a series of Ransomware tended to be simple with dogged determinations to extort money from victims. But with the exponential rise in the samples of Ransomware last year, we saw more subtle in design, including " Cryptolocker " that was taken down along with the " Gameover ZeuS " botnet last June. As a result, another improved ransomware packages have sprung up to replace it — CryptoWall . Ransomware is an emerging threat in the evolution of cybercriminals techniques to part you from your money. Typically, the malicious software either lock victim's computer system or encrypt the documents and files on it, in order to extort money from the victims. Since last year, criminals have generated an estimated US$1 million profits. Now, the infamous Cryptowall ransomware is back with the newest and improved version of the file-encrypting ransomware program, which has been spotted compromising victims by researchers early this week, security research