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The Covid-19 Pandemic Reveals Ransomware’s Long Game

The novel coronavirus pandemic has stretched the world's health care systems to their limits, creating a global crisis. reported attempted attacks a day later, and the US State Department pledged not to attack hospitals during the coronavirus crisis, in practice hackers are increasingly attempting to cash in. The Microsoft researchers often observed attackers getting their […]

The post The Covid-19 Pandemic Reveals Ransomware’s Long Game first appeared on Blockchain Consultants.

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The novel coronavirus pandemic has stretched the world’s health care systems to their limits, creating a global crisis. New research from Microsoft shows that ransomware attackers are actively making that crisis worse, forcing health care and critical infrastructure organizations to pay up when they can least afford downtime. In many cases, hackers are reaping the rewards of groundwork they laid months ago, before Covid-19 fully hit.

Hackers have known for years that hospitals and other health care providers make perfect targets for ransomware attacks, since there’s life-or-death urgency in getting back up and running quickly. During the pandemic, though, the risk has become even more dire. After a hospital in the Czech Republic was hit by a debilitating ransomware attack in March, the country’s cybersecurity oversight agency warned two weeks ago that it was bracing for widespread cyberattacks against critical services in the country. Two Czech hospitals reported attempted attacks a day later, and the US State Department threatened consequences if the antagonism continued.

The Czech incidents reflect just one corner of a worrying global trend of opportunistic ransomware activations.

“The attackers are definitely being what I’ll call rational economic actors, which unfortunately also means vicious,” says Rob Lefferts, corporate vice president of Microsoft 365 security. “We see behavior where they will break into organizations and actually lie dormant, both because they’re doing reconnaissance but also because they are apparently estimating what is the moment in time when that organization will be most vulnerable and most likely to pay.”

An initial attack might give hackers access to a victim’s network. But they’ll then wait weeks or months for a particularly opportune moment to actually infect the system with ransomware. Microsoft has been tracking such behavior from groups using a number of prominent strains of ransomware, like Robbinhood, Maze, and REvil. While some ransomware groups had pledged not to attack hospitals during the coronavirus crisis, in practice hackers are increasingly attempting to cash in.

The Microsoft researchers often observed attackers getting their initial network access by exploiting unpatched vulnerabilities in victims’ web infrastructure. They saw some hackers taking advantage of a widely publicized flaw in the Pulse Secure VPN and others exploiting flaws in remote management features like remote desktop systems. Attackers also targeted vulnerabilities and insecure configurations of Microsoft’s own products. Attackers could guess passwords of organizations using Remote Desktop Protocol without multifactor authentication or exploit known bugs in Microsoft SharePoint and Microsoft Exchange servers that victims had neglected to patch.

Attackers even took advantage of tools used in security to proactively find and plug network holes, including the attack emulation platform Cobalt Strike and malicious techniques in Microsoft’s remote management framework PowerShell. This activity often looks legitimate and can sneak past scanners, allowing attackers to lie in wait and do reconnaissance undetected on the network until they choose the moment to actually strike.

While attackers wait for the right conditions to release the ransomware, they often exfiltrate data from their victims’ networks. The motive of this activity isn’t always clear, though, Microsoft says. It can be difficult to tell the difference between attackers who have IP theft or other intelligence gathering as their main goal and those that just collect what they can as a secondary benefit of positioning themselves for ransomware attacks.

“That dwell time can vary between days, weeks or even months,” says Jérôme Segura, head of threat intelligence at the monitoring firm Malwarebytes. “When the time has come for ransomware deployment, threat actors will typically choose weekends, and preferably the wee hours of Sunday morning. This made sense pre-pandemic as staff would typically return to work on Mondays to witness the damage. Now many businesses have their resources stretched far more than before and as a result may be in a tougher position to respond to a compromise.”

Source: https://blockchainconsultants.io/the-covid-19-pandemic-reveals-ransomwares-long-game/

Blockchain

MATIC Price Analysis: Weekly and 4 Hr Chart Analyses Reveals Buy Signal for Polygon

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Polygon recently set a new record for highest bounty paid in DeFi. The team at Polygon paid a two million US dollar worth of bounty to Gerhard Wagner, a white hat hacker who discovered a crucial vulnerability that had put around 850 million US dollars’ worth of capital at risk.

So what type of vulnerability could this be? Well, it’s a double-spend bug, a type of bug that could have tuned catastrophic for the Polygon ecosystem.

Bullish/Bearish Scenario

  • The bear-trap candlestick formation on the weekly time frame, alongside the buildup of bullish divergence on the 4HR time frame, shows that the bulls are back in control.
  • A breakdown of the 1.152 support implies a bearish takeover.

Important Weekly Polygon (MATIC) Announcements

  • Immunefi, a bug bounty, and security platform acknowledged that the bounty is the highest that has been paid in decentralized finance [DeFi].
  • Another exciting announcement in the Polygon ecosystem is the PECO-Polygon Ecosystem Index, which makes it possible for participants to bet on the performance of Polygon [MATIC] projects. The PECO Index is a single token that captures the best native projects on @xPolygon.

Without any further delay, Let’s analyze the MATICUSDT price chart.

Polygon (MATIC) Price Analysis:  MATICUSDT Weekly Chart 

Following the path of most top altcoins in the cryptocurrency market, the MATICUSDT triggers a bear-trap candlestick formation while trading within a rising and expanding wedge.

Although the crypto pair still trades below its all-time high, higher RSI readings above level-25 tell us that we are still in an uptrend and we may soon see a surge in demand for the MATIC token.

Polygon (MATIC) Price Analysis:  MATICUSDT Daily Chart 

A recent regular bearish divergence on the daily chart above shows that we may soon see a slowing and possible correction of current gains.

Failure of RSI values to breach below level-25 would suggest a continuation of the current uptrend.

Polygon (MATIC) Price Analysis:  MATICUSDT 4 Hr Chart 

As the RSI prints higher values above level-25 on the daily time frame, the 4HR time frame confirms entry into the uptrend with an exit of the oversold area [level-25] with the recent entry of oversold at press time.

Regular and hidden bullish divergence setups are instrumental for the previous trend reversal and current trend continuation we see on the above intraday chart.

An impending hidden bullish divergence at press time may be sufficient for the bulls to find a price floor above the 1.491 support and restore the MATIC price into new highs.

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Source: https://coingape.com/polygon-matic-price-analysis-intraday-hidden-bullish-divergence-signals-trend-continuation-for-maticusdt/

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Blockchain

Harmony’s ONE Token Targets $1 After Breaking All-Time High

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The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

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Source: https://cryptobriefing.com/harmonys-one-token-targets-1-after-breaking-all-time-high/?utm_source=main_feed&utm_medium=rss

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Blockchain

NEAR Announces $800M in Development Grants

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The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

PlatoAi. Web3 Reimagined. Data Inteligence Amplifed.
Click here for Free Trial.

Source: https://cryptobriefing.com/near-announces-800m-in-development-grants/?utm_source=main_feed&utm_medium=rss

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