Crypto Ransom Amounts Skyrocketed 200% in 2019

Crypto Ransom Amounts Skyrocketed 200% in 2019

A report from Crypsis Group revealed that threat actors have significantly escalated their tactical approaches in ransomware attacks.

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A study revealed by digital forensics firm, Crypsis Group, shows an actively growing trend in the ransoms demanded by ransomware attackers. Amounts sharply rose 200% from 2018 to 2019.

According to the 2020 Incident Response and Data Breach Report, it’s no surprise that cybercriminals have claimed “exorbitant” crypto ransoms in the past three years. The firm pointed out that the median amount of funds demanded as ransom was $115,123.

Attackers are getting sophisticated

Crypsis Group says attackers are shifting their tactics to enterprise-targeted ransomware. They carefully select victims capable of paying higher sums, with tactics that are “maturing” over time.

Attack tactics by the criminals have also apparently adapted very well to overcome defense strategies adopted by victims.

Popular ransomware’s variants

Crypsis Group states that 2019 saw the rise of ransomware variants, such as Ryuk, Sodinokibi (or “REvil”) and Phobos, noting that these tactics are “highly effective.”

The report reveals that Ryuk ransomware was the most popular variant in 2018. Threat actors rely on a banking trojan, known as TrickBot, to release spam/phishing campaigns against victims.

On May 25, Cointelegraph reported on a report from Verizon which shows that attackers are targeting educational services in greater numbers since the start of 2020.


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A report from Crypsis Group revealed that threat actors have significantly escalated their tactical approaches in ransomware attacks.

Bitcoin Mining Profits Skyrocketed 24% Last Month, Argo Blockchain Reports

Bitcoin Mining Profits Skyrocketed 24% Last Month, Argo Blockchain Reports

Argo’s Q2 bitcoin mining figures continue sector optimism

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United Kingdom bitcoin (BTC) mining operator Argo Blockchain surpassed its own expectations in Q2, the company said in a new report released on July 2. 

Argo, which previously said it had benefited from the upturn in bitcoin prices, said revenues would continue to improve over previous estimates. 

“The Company now expects to generate 161 BTC, or GBP1.38m of cryptoassets, in June based on a BTC price of $10,817.16 USD as of 30 June 2019,” the report confirmed. 

“This is an increase of approximately 101% from the Company’s May mining results and represents a mining margin of roughly 81%. The Company considers that this demonstrates that the Company is one of the most efficient miners in the market.”

While BTC/USD subsequently fell below $10,000, the mining sector has reported broad successes in the several months since its bull market began in April. 

As Cointelegraph reported, the market is becoming more competitive than ever before, with companies eager to corner activity using ever more efficient methods. 

On Monday, Germany’s Northern Bitcoin confirmed purchase of 5,000 ASIC miners as part of expansion plans. Argo itself will take delivery of 2,500 units by the end of Q3 2019. 

“Mining yields from existing hardware in operation have improved in line with a strongly rising Bitcoin (BTC) price, which has increased by approximately 24% since the last operational update on 3 June 2019,” the report added.

CEO Mike Edwards commented: 

“As a result, we enter the third quarter with a strong momentum to deliver further growth and improving mining efficiency.”


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Argo’s Q2 bitcoin mining figures continue sector optimism