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South Africa Ransomware Attack: Justice Department Denies Receiving 50 BTC Ransom Demand

South Africa Ransomware Attack: Justice Department Denies Receiving 50 BTC Ransom DemandSouth Africa’s Department of Justice and Constitutional Development (DOJCD) has denied claims that it has received a 50 bitcoin ransom demand from hackers that attacked its systems on September 6, 2021. Reports of Ransom Demand Deemed ‘Completely Untrue’ Instead, the DOJCD insists that its tech experts, “industry partners and selected organs of state have been […]

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Report: Colonial Pipeline Paid $5M Worth in Crypto to Ransomware Gang, Restarts Services

Report: Colonial Pipeline Paid M Worth in Crypto to Ransomware Gang, Restarts ServicesThe global oil market was shaken by news from the United States as a ransomware attack hit the largest oil infrastructure operation in the country. A recent report claims hackers asked Colonial Pipeline to pay for an undisclosed amount in ransom to unlock the firm’s system – a demand the company allegedly fulfilled. Darkside Gang […]

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Task Force Pushes Biden Administration to Tighten Cryptocurrency Regulation

Task Force Pushes Biden Administration to Tighten Cryptocurrency RegulationA public-private task force has submitted a report to the Biden administration that includes recommendations to tighten the regulation of cryptocurrencies, including bitcoin, with the aim to combat ransomware. “The cryptocurrency sector that enables ransomware crime should be more closely regulated,” the task force wrote. White House Urged to Tighten Crypto Regulation A task force, […]

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin