Cyber Security Experts Say Bitcoin Ransomware is Behind Attack on Russia and Ukraine

Earlier today major corporations in both Russia and Ukraine reported a massive cyber attack trying or succeeding in crippling their services. While the flare up of a 'cyber war' between the two countries seemed the most logical option to many at first, now it seems it could be just another group of hackers looking for Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term ransom.

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A new #WannaCry-like massive attack on Russian and Ukrainian #Critical #Infrastructue discovered. More countries expected #Petya #infosec pic.twitter.com/hRDPHKAC8R

— Group-IB (@GroupIB_GIB) June 27, 2017

The Moscow-based global Cybersecurity Cybersecurity Cybersecurity is a blanket term that refers to the protection of computer systems and networks from the theft.More broadly speaking, cybersecurity can also represent countermeasures against damage to hardware, software, or electronic data, as well as from the disruption or misdirection of the services they provide.It was not long ago that the term cybersecurity not exist as it was first used in 1989. In today’s vernacular cybersecurity, refers to measures taken to protect a computer or computer Cybersecurity is a blanket term that refers to the protection of computer systems and networks from the theft.More broadly speaking, cybersecurity can also represent countermeasures against damage to hardware, software, or electronic data, as well as from the disruption or misdirection of the services they provide.It was not long ago that the term cybersecurity not exist as it was first used in 1989. In today’s vernacular cybersecurity, refers to measures taken to protect a computer or computer Read this Term company, Group-IB‏, just shared a screenshot of a message of the ransomware affecting the computer systems it calls the Petya Virus. The message from the hackers demands just $300 to be paid in bitcoin in order to recover the files.

This story is developing at the moment and involves a highly controversial topic, therefore it is expect that some will doubt this is really a ransomware attack by cyber criminals and not a state actor trying to cover its tracks by pretending to be interested in bitcoin.

Among the systems known to be affected by the massive cyber attack on both sides today are Ukrainian banks, and energy infrastructure as well as the Russian oil giant Rosneft - The world’s largest publicly traded petroleum company and the largest Russian taxpayer.

Hackers demanding bitcoin is one of the leading use cases for the cryptocurrency in recent times. Like we reported last year, even American authorities are not safe from hackers and forced to pay in bitcoin like common victims.