Ransomware gang REvil, known also as Sodinokibi, claims to have mounted a successful attack against the U.S. wine and spirits giant, Brown-Forman Corp — but the company claims otherwise. The company is the official manufacturer of Jack Daniels whiskey. According to cybersecurity services provider, AppGate, the famous alcoholic beverages manufacturer did fall victim to an attack but refused to pay the ransom demanded by REvil. However, Brown-Forman Corp told Infosecurity-Magazine in a statement they had successfully prevented cybercriminals from encrypting its files. This does not necessarily mean the gang’s claim to have compromised the internal network and stolen sensitive data …
According to a study published by Guardicore Labs, a malware botnet known as FritzFrog has been deployed to ten millions of IP addresses. The malware has largely targeted governmental offices, educational institutions, medical centers, banks, and telecommunication companies, installing a Monero (XMR) mining app known as XMRig. Guardicore Labs explains that FritzFrog uses a brute-force attack on millions of addresses to gain access to servers. That’s where an attacker submitting many passwords or passphrases with the hope of eventually guessing correctly. After it gets in it proceeds to run a separate process named “libexec” to execute XMRig. “It has successfully …
Cybersecurity firm McAfee released a study showing the activities of NetWalker, a ransomware first known as Mailto that was initially discovered in August 2019. According to the report, the operators of NetWalker have collected over $25 million from ransom payments since March 2020. From March 1 to July 27, the group collected around 2,795 Bitcoin (BTC), purportedly making it one of the most profitable types of ransomware for cybercriminals. According to the report, the Bitcoin transactions received by the gang — where the amount is split among several different addresses — reflects that NetWalker is a "ransomware-as-a-service" malware. Such a …
Crypto exchange Bitfinex is offering up to $400 million to anyone who can lead it to the hackers who stole over 120,000 Bitcoin (BTC) in August 2016. According to the company’s post on Aug. 4, it is even willing to reward the hackers themselves. The people behind the 2016 attack breached the security systems of Bitfinex and managed to complete around 2072 unauthorized transactions. The company clarified that this is its “latest effort” to recover these stolen funds. Bitfinex explained how the reward will work: “Those who put Bitfinex in contact with the hacker will receive 5% of the total …
The UK National Cyber Security Centre released a report on July 23 that discloses a growing trend in ransomware attacks against the sports sector. They noted a recent example in which attackers demanded that an English Football League club, or EFL, pay a multi-million dollar ransom in Bitcoin (BTC). According to the Cyber Threat to Sports Organizations paper, the unnamed club was targeted by ransomware that crippled their corporate security systems. The ransom amount requested was 400 BTC ($3.66 million). The club declined to pay, resulting in a loss of their stored data. The attack could have had a great …