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Crypto ransomware is a form of ransomware that uses cryptography to encrypt computer files so that the victim cannot access them The economic and reputational impacts of ransomware incidents, throughout the initial disruption and, at times, extended recovery, have also proven challenging for organizations large and small. In exchange for the demanded ransom, the attacker claims it will tell the victimized business how to regain access to the stolen data.

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Use of cryptocurrency in ransomware attacks, available data, and national security concerns In this chapter, we’ll explore these developments and their implications, including a variety of case studies — lockbit, iranian ransomware strains, akira/fog, and inc/lynx — that exemplify this year’s trends. Bitcoin is the most common cryptocurrency requested by ransomware operators, though monero is also used by some groups due to its privacy features.