Ransomware Attack

The Justice Department has recovered most of a multimillion-dollar ransom payment to Darkside, a Russia-based hacker group, after a cyberattack that made the operator of the nation's largest fuel pipeline, the East Coast pipeline, halt its operations last month. The operation to seize cryptocurrency paid by the hacker group is the first of its kind. The recovery of a ransom paid by a company that had fallen under a cyberattack was rare. It was undertaken by a specialized ransomware task…

A ransomware known as Tycoon was discovered by security researchers from the BlackBerry’s security unit and it utilizes a little-known Java file format that makes its detection more difficult prior to detonating its file-encrypting payload. The aim of the ransomware's operators is to request a ransom in cryptocurrency after the successful attack. However, a solution has been provided as Emsisoft introduced a free tool for decrypting files impacted by a variant of the Tycoon ransomware attack. The free tool for decryption was…