Iranian Hackers Turn to Ransomware, Bitcoin as Economy Stalls - News Summed Up

Iranian Hackers Turn to Ransomware, Bitcoin as Economy Stalls


The Trump administration said it would soon restore sanctions against Iran. The WSJ's Gerald F. Seib looks at a possible reason behind the policy change. Photo: GettyIranian hackers are developing software attacks that render computer systems inoperable until a digital ransom is paid, a new report says, a threat that comes as the U.S. moves to reimpose tough economic sanctions on the country. Over the past two years, researchers at Accenture PLC’s iDefense cybersecurity-intelligence group have tracked five new types of so-called ransomware they say were built by hackers in Iran. The ransomware appears to be an attempt to secure payments in digital currencies such as bitcoin, Jim Guinn,...


Source: Wall Street Journal August 07, 2018 19:58 UTC


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