Kvě 12

Industry Report: Bitcoin Expansion, Ransomware, Dark Web Drudgery

Source: bitcoin

Bitcoin Industry Report

A bitcoin market announces plans for expansion; a long-thought-dead form of ransomware makes another appearance, and it’s Silk Road all over again as Norway shuts down a dark web string. These are only some of the stories you might have missed in this week’s cryptocurrency news, so take a gander at the details below.

Also read: Industry Report: Liberty Leads to Imprisonment, Wright Steps Away

OPENBAZAAR ANNOUNCES FUTURE PLANS FOR BITCOIN MARKETPLACE

Bitcoin market OpenBazaar has announced future development plans. Among its present goals include the release of a mobile app and Tor support, and fans from around the world are showing their excitement.

The company laid out their mission via blog post:

“Today we’re releasing our high-level roadmap for OpenBazaar – our mission is to make trade free for everyone, everywhere. Our vision is for OpenBazaar to become Commerce 2.0: a permission-less and censorship-resistant protocol for global trade using Bitcoin.”

OpenBazaar’s other long-term plans include sales control center improvements and blockchain ID on-boarding. Things should take roughly 1-2 years to complete, and users are welcome to contribute ideas and comments via the company’s Slack platform.

BUCBI

Bucbi Ransomware is back, and this time, things have gotten “personal.” According to some sources, infections are not random, as the malware is targeting specific corporate networks through what’s known as RDP Brute, a force utility that allows attackers to gain access to company servers without difficulty.

The two-year-old, once dormant ransomware was first noticed by a group of security researchers. They were forced to pay a hefty fee of approximately five bitcoins to release some encrypted files following the malware’s attack on a specific Windows server. Presently, it is unclear who or what parties are behind the attacks.

KRIPOS

As NPR host Ari Shapiro states, “Bitcoin gets a lot of attention because drug dealers sometimes use it to buy and sell drugs.” Those of us who love and advocate for bitcoin can’t help but agree to a certain extent. Arguably one of the biggest stories revolving around the digital currency was the saga of Ross Ulbricht and the dark web marketplace Silk Road. Now, it seems to be happening all over again, but this time, it’s in Norway, and the investigation surrounding the dark web has been dubbed “Marco Polo” (if only he was re-discovering America).

Norwegian Police Special Service Agency Kripos has arrested 15 individuals allegedly involved with dark web drug trafficking in an operation going back as far back as 2014. Among the suspects taken into custody are purportedly five of Norway’s biggest drug kingpins. Should further proof of these allegations arise, Kripos is likely to earn itself a gold star or two.

According to Chief Investigator Olav Roisli, bitcoin was the most commonly used currency among those involved. Many attempts were made to prevent tracking despite bitcoin’s lack of anonymity on the blockchain. At press time, the agency only seems to be interested in indicting sellers, although users are being warned not to get too comfortable just yet.

Want to see any particular stories summed up in our industry report series? Let us know below!


Images courtesy of themerkle.com, removeallthreats.com & indicosys.com

The post Industry Report: Bitcoin Expansion, Ransomware, Dark Web Drudgery appeared first on Bitcoinist.net.

Industry Report: Bitcoin Expansion, Ransomware, Dark Web Drudgery

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Kvě 10

Bucbi Ransomware Resurfaces Through Targeted Attacks

Source: bitcoin

Bitcoinist_Ransomware

The topic of ransomware seems to be entwined with Bitcoin these days, and two-year-old malware Bucbi is jumping on the cryptocurrency bandwagon. In its new form, the Bucbi ransomware will target specific victims and demand a five-Bitcoin ransom.

Also read: Kripos Shuts Down Major Dark Web Drugs Marketplace

Bucbi Infections Are Not Random

It is not the first time this particular strain of ransomware makes an appearance on the security researchers’ radar, as Bucbi has been around for two years now. In its previous iteration, this malware seemed to infect computers randomly, with no clear plan of attack other than trying to rake in as much money as humanly possible.

To be more precise, Bucbi would be spread through large campaigns combining email attachments and malicious websites. However, that has come to a change, as the creators are now going after corporate networks running Remote Desktop Protocol servers. By using the RDP brute force utility called “RDP Brute”, attackers can gain a foothold on these servers with relative ease.

The latest iteration of Bucbi was identified by Palo Alto security researchers a week ago, as a Windows Server was infected by this malware. As part of the attack, the server owner had to pay a fee of five bitcoins to restore file access, worth US$2,320 at the time of infection. Quite a significant amount, but still a lot cheaper than shutting down critical enterprise services for an extended period.

What is even more concerning is how this method of attack can also be used to target point of sales systems in the future. However, their brute force approach is not always successful in getting the compromised devices to execute financial transactions. Going after corporate servers seems to be a more lucrative business model for these bad actors, as Bucbi can be used to sniff out sensitive information and encrypt files.

For the time being, there is a lot of speculation as to who is behind the Bucbi ransomware. Some security experts feel the Ukrainian Right Sector is behind these attacks, although that has not been confirmed by official sources at the time of writing. The ransomware business is booming, unfortunately, and the resurgence of Bucbi is a clear example of how grave this threat can be.

What are your thoughts on Bucbi and its potential? Let us know in the comments below!

Source: Threatpost

Images courtesy of Shutterstock, Sensors Tech Forum

The post Bucbi Ransomware Resurfaces Through Targeted Attacks appeared first on Bitcoinist.net.

Bucbi Ransomware Resurfaces Through Targeted Attacks

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