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DDoS Attackers Return With Massive Extortion Campaigns in the Wake of Bitcoin Prices Surging

DDoS Attackers Return With Massive Extortion Campaigns in the Wake of Bitcoin Prices Surging

Threat actors have been discovering alternatives in bitcoin’s bullish pattern to extend their extortion campaigns. Hackers are actively threatening corporations with DDoS assaults except they pay for bitcoin ransoms.

Bull Run Prices Push Extortionists to Increase Bitcoin Ransom Demands

According to an alert issued by safety agency Radware, there have been a number of reviews between December 2020 and the primary week of January 2021 about DDoS extortionists. The agency claims the marketing campaign is a part of a worldwide one which began in August final 12 months.

However, within the wake of the crypto bull-run seen during the last months, the wave of ransom letters had sharply elevated, coming from the identical actors. Radware famous that many of the corporations didn’t report such incidents to the media in August and September 2020.

One of the primary bitcoin ransom letters despatched by the hackers reads as comply with:

We requested for 10 bitcoin to be paid at to keep away from getting your complete community DDoSed. It’s a very long time overdue and we didn’t obtain cost. Why? What is flawed? Do you assume you’ll be able to mitigate our assaults? Do you assume that it was a prank or that we are going to simply quit? In any case, you might be flawed.

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At the time of the primary batch of letters despatched by the risk actors, bitcoin was price roughly $10,000. However, the safety agency seen within the newest spherical of ransom letters that hackers are conscious of the BTC costs surging:

We shall be sort and won’t enhance your price. Actually, for the reason that bitcoin worth went up for over 100% for the reason that final time, we’ll quickly lower the price to five [bitcoin]! Temporarily. Yes, pay us 5 [bitcoin] and we’re gone!

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DDoS Extortion Is an ‘Integral Part’ of the Cyber Threat Landscape

On the extent of concern this sort of threats ought to symbolize for the businesses, Radware made the next remark:

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Ransom DDoS or DDoS extortion campaigns have historically been a seasonal occasion. They would run yearly for just a few weeks focusing on particular industries/corporations earlier than the risk actor(s) would sometimes quit. The 2020/2021 world ransom DDoS marketing campaign represents a strategic shift from these ways. DDoS extortion has now turn out to be an integral a part of the risk panorama for organizations throughout almost each trade for the reason that center of 2020.

The crypto trade has additionally been affected straight by the cybercriminal sphere in the previous few months. As information.Bitcoin.com reported on January 7, 2021, a safety agency noticed three malicious crypto apps focusing on customers to steal their funds.

What are your ideas on the safety alert about DDoS threats? Let us know within the feedback part beneath.

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