{"id":39414,"date":"2024-02-27T10:05:57","date_gmt":"2024-02-27T10:05:57","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/ransomware-hackers-siphoned-over-us1-billion-in-crypto"},"modified":"2024-02-29T18:28:37","modified_gmt":"2024-02-29T18:28:37","slug":"ransomware-hackers-siphoned-over-us1-billion-in-crypto","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/ransomware-hackers-siphoned-over-us1-billion-in-crypto","title":{"rendered":"Ransomware hackers siphoned over US$1 billion in Crypto"},"content":{"rendered":"

Africa-Press – Mauritius. <\/strong><\/span>Payments from crypto-related ransom attacks nearly doubled to a record $1 billion plus in 2023, blockchain analytics firm Chainalysis has said. Scammers targeting institutions such as hospitals, schools and government offices for ransom pocketed $1.1 billion last year, compared with $567 million in 2022.<\/p>\n

However, losses stemming from other crypto-related crimes such as scamming and hacking fell in 2023, Chainalysis said. Bitcoin , the largest cryptocurrency, has jumped 60% since the end of September to $43,134 on enthusiasm about a new U.S. Bitcoin ETF and on signs central banks around the world will begin trimming interest rates. \u201cAn increasing number of new players were attracted by the potential for high profits and lower barriers to entry,\u201d Chainalysis said.<\/p>\n

\u201cBig game hunting\u201d has become the dominant strategy over the last few years, with a dominant share of all ransom revenue volume made up of payments of $1 million or more, Chainalysis added.<\/p>\n

A group of digital extortionists named \u201ccl0p\u201d, which subverted a file sharing software MOVEit, made nearly $100 million in ransom payments, the analytics company said. Hundred of organizations, including government departments, UK\u2019s telecom regulator and energy giant Shell (SHEL.<\/p>\n

L), opens new tab, have reported cybersecurity breaches involving the MOVEit software tool, which is typically used to transfer large amounts of often sensitive data, including pension information and social security numbers.<\/p>\n

A report in November showed that cybercrime group \u201cBlack Basta\u201d had extorted at least $107 million in bitcoin, with much of the laundered ransom payments making their way to the sanctioned Russian cryptocurrency exchange Garantex.<\/p>\n

Cryptocurrency theft via cyberheists and ransomware attacks is also a significant source of funding for North Korea, according to UN reports. Chainalysis\u2019 figures undervalue crypto\u2019s role in all crime as it only tracks cryptocurrency sent to wallet addresses identified as illicit. It does not include payments for non-crypto-related crime such as crypto used in drug trafficking deals.<\/p>\n

For More News And Analysis About Mauritius<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mauritius. Payments from crypto-related ransom attacks nearly doubled to a record $1 billion plus in 2023, blockchain analytics firm Chainalysis has said. Scammers targeting institutions such as hospitals, schools and government offices for ransom pocketed $1.1 billion last year, compared with $567 million in 2022. However, losses stemming from other crypto-related crimes such […]<\/p>\n","protected":false},"author":84,"featured_media":39413,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[233,245,241],"class_list":["post-39414","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-africa-press","tag-africa-press-mauritius","tag-mauritius"],"yoast_head":"\nRansomware hackers siphoned over US$1 billion in Crypto - Mauritius<\/title>\n<meta name=\"description\" content=\"Payments from crypto-related ransom attacks nearly doubled to a record $1 billion plus in 2023, blockchain analytics fir ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/ransomware-hackers-siphoned-over-us1-billion-in-crypto\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ransomware hackers siphoned over US$1 billion in Crypto\" \/>\n<meta property=\"og:description\" content=\"Payments from crypto-related ransom attacks nearly doubled to a record $1 billion plus in 2023, blockchain analytics fir ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/ransomware-hackers-siphoned-over-us1-billion-in-crypto\" \/>\n<meta property=\"og:site_name\" content=\"Mauritius\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-27T10:05:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-29T18:28:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2024\/02\/sm_1709016202.797961.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/ransomware-hackers-siphoned-over-us1-billion-in-crypto#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/ransomware-hackers-siphoned-over-us1-billion-in-crypto\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Ransomware hackers siphoned over US$1 billion in Crypto\",\"datePublished\":\"2024-02-27T10:05:57+00:00\",\"dateModified\":\"2024-02-29T18:28:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/ransomware-hackers-siphoned-over-us1-billion-in-crypto\"},\"wordCount\":326,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/ransomware-hackers-siphoned-over-us1-billion-in-crypto#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2024\/02\/sm_1709016202.797961.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mauritius\",\"Mauritius\"],\"articleSection\":[\"all news\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mauritius\/all-news\/ransomware-hackers-siphoned-over-us1-billion-in-crypto#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/ransomware-hackers-siphoned-over-us1-billion-in-crypto\",\"url\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/ransomware-hackers-siphoned-over-us1-billion-in-crypto\",\"name\":\"Ransomware hackers siphoned over US$1 billion in Crypto - 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