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Ransomware is a type of malware that permanently blocks access to the victim's personal data unless a "ransom" is paid. While some simple ransomware may lock the system without damaging any files, more advanced malware uses a technique called cryptoviral extortion.
The WannaCry ransomware attack was a worldwide cyberattack in May 2017 by the WannaCry ransomware cryptoworm, which targeted computers running the Microsoft Windows operating system by encrypting data and demanding ransom payments in the Bitcoin cryptocurrency. [4]
Hive (also known as the Hive ransomware group) was a ransomware as a service (RaaS) operation carried out by the eponymous cybercrime organization between June 2021 and January 2023. The group's purpose was to attack mainly public institutions to subsequently demand ransom for release of hijacked data.
LockBit is a cybercriminal group proposing ransomware as a service (RaaS). Software developed by the group (also called ransomware) enables malicious actors who are willing to pay for using it to carry out attacks in two tactics where they not only encrypt the victim's data and demand payment of a ransom, but also threaten to leak it publicly if their demands are not met.
The company was founded in January 2014 by Bipul Sinha, Arvind Jain, Soham Mazumdar, and Arvind Nithrakashyap. [4] [5] [6]Institutional Venture Partners (IVP) led a US$180 million Series D funding round in May 2017, at a US$1.3 billion valuation, bringing the company to at least US$292 million raised to date.
The U.S. Ransomware Task Force (RTF), also known as the Joint Ransomware Task Force, is an interagency body that leads the American government's efforts to address the threats of ransomware attacks. It is jointly headed by the Department of Homeland Security ’s cyber arm, the Cybersecurity and Infrastructure Security Agency (CISA), and the ...
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