30 Nov '13, 3pm

Malware ransom drops to keep pace with Bitcoin price surge: The criminals behind the rapacious and terrifying...

The criminals behind the rapacious and terrifying Cryptolocker Trojan have lowered their ransom demands to take account of the soaring value of their preferred currency, Bitcoins, according to security firm F-Secure . The sum demanded for a decryption key in a newly detected variant of the malware is 0.5 Bitcoins, down from the previous level of two Bitcoins. This reduces the price from somewhere between $1400 and $1800 to around $350 to $600, more in line with what the gang believes people can actually afford. Put another way, as Bitcoins have surged in price Cryptolocker victims must have stopped paying the ransom in sufficient numbers and the criminals noticed. They might be crooks but they're not insensitive to the basic economics of price. Keep ransom a payable figure Despite being an untraceable way of taking payment, Bitcoins have turned out to have some disadvantag...

Full article: http://www.pcworld.com/article/2067989/malware-ransom-dro...

Tweets

Malware ransom drops to keep pace with Bitcoin ...

pcworld.com 30 Nov '13, 2pm

The criminals behind the rapacious and terrifying Cryptolocker Trojan have lowered their ransom demands to take account of...

Don't Install Crap ! Bitcoin Mining malware bundled with Potentially Unwanted Programs

Don't Install Crap ! Bitcoin Mining malware bun...

thehackernews.com 30 Nov '13, 11pm

The increasing public attention of Bitcoin did not go unnoticed by Cyber Criminals who have begun unleashing Bitcoin Minin...

Why The Fair Price Of Bitcoin Is $0

Why The Fair Price Of Bitcoin Is $0

businessinsider.com 02 Dec '13, 8pm

If Mr. X is a miner, as an accountant he has direct access to the ledger so he may be tempted to temper it (“cook the book...

Bitcoin Thefts Surge, DDoS Hackers Take Millions

yro.slashdot.org 01 Dec '13, 10pm

"In November, Denmark-based Bitcoin Internet Payment System suffered a DDoS attack. Unfortunately for users of the company...

Keep Going With K-Cups #Blends #energycoffee #K...

brewed-coffee.com 30 Nov '13, 9pm

How many cups of coffee do you need during the day to function well? This figure will definitely vary from one person to a...

Bitcoin Thefts Surge, Hackers Use DDoS Attack A...

m.slashdot.org 02 Dec '13, 12am

It looks like your browser doesn't support JavaScript or it is disabled. Please use the desktop site instead.

Got questions about setting the right race pace...

runnersworld.com 27 Nov '13, 10pm

His start hardly foreshadowed history. On that August 2009 night in Zurich, Switzerland, Dathan Ritzenhein immediately dro...