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Bitcoin and Cryptocurrencies look for new strength to go further up – FXStreet

Bitcoin (+0.21%) and altcoins are still moving in a tight range, unable to acquire further gains. Among the top cryptos, Ripple (-1.98%), and Tezos(-3.1%) move with the most bearishness, whereas Bitcoin SV gains 1.3% and Litecoin 1%. Among the Ethereum tokens, HEDG(+4%), KCS(+8%), FTT*(+11%), and LINA (+20%) are among the best performers, whereas, SEELE (-6.7%), XIN(-9.7%), and VEST(-26%) were moving heavily in the red.

The market capitalization dropped by 2.56% in the last 24 hours and currently sits at $189.392 billion. Also, the traded volume decreased by 42%, moving to $25.13 billion. Meanwhile, Bitcoin dominance continues at $68.3.

Binance Malta has launched a BCH/USDT product with 1 to 75x leverage on its Futures trading platform. This platform allows its users to trade BTC with up to 125x leverage. According to Binance, it also invested in Futures Upstart FTX as a strategic partnership between both firms.

British hacker, Nathan Wyatt, an alleged member of The Dark Overlord, hacker group was extradited to the US. The group, among other crimes, stole data from several Missouri companies and had demanded a bitcoin ransom.

Bitcoin

Bitcoin continues in the same situation as it was yesterday. The price is near the +1SD line and above the $7,100 support, but unable to break the $7,200 resistance. If this situation holds for too long, and today being Friday, it could be a dangerous situation for the price action, as buyers would unload their positions to protect their gains during the weekend. The father of the cryptocurrencies needs to break $7,200 convincingly, and then $7,290 to confirm the new acquired trend.

Ripple

Ripple continue retracing, but its Bollinger bands are shrinking and seem to start to turn. XRP's price is held by a support near the $1.186 level. The action is still happening on the lower side of the Bands, so the price still descended. The levels to observe are 0.186 and 0.19. If the price moves above the former, we could think about a new upward leg. If the 0.186 breaks, we see a revisit to the $0.18 level and beyond.

Ethereum

Ethereum is in a consolidation between $126 and $129. The price moves following the Bollinger Band's mean line, and the bands are turning to a horizontal position. This is good for the asset since it means the selling pressure is not strong enough to push the prices down. To see a new leg up, the price must pierce through $129 and move in the upper side of the band, preferably above the +1SD line. In our experience, the best upward trends happen when the price moves in a channel between the +1SD line and the +3SD line.

Litecoin

Litecoin is moving in a range between $39.4 and $40.4 The price moves now above its Bollinger mean line, and it seems expecting the right push to continue moving up. To accomplish it, the asset needs to break the $40 level. The outlook for LTC is slightly bullish.

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I keep a straight face but there is turmoil within: Viswanathan Anand – Times of India

MUMBAI: Indian chess legend Viswanathan Anand says he has tried to be as honest as possible in his autobiography 'Mind Master' that was launched recently. He insists it contains anecdotes and recollections of his experiences over the years while playing at the highest level."To recall incidents that happened years ago and try to make sense of them was a challenging task but I have tried my best to be truthful and narrated my journey with utmost sincerity. So my book is not a 'work of fiction'," the chess wizard told TOI during a function organsied by the Fincare - Small Finance Bank, for which he is the brand ambassador at a city hotel on Thursday.'; var randomNumber = Math.random(); var isIndia = (window.geoinfo && window.geoinfo.CountryCode === 'IN') && (window.location.href.indexOf('outsideindia') === -1 ); console.log(isIndia && randomNumber The five-time world champion said he did not feel the need to hold anything back because he knows his friends can separate things which will not affect their friendship. "See, I keep a straight face but there is turmoil inside me. If I dislike certain things, I will tell it. I have not been rude with anyone and have stated my displeasure on the basis of what others have told about me in various media. So there is nothing that crosses the line," stressed Anand.When asked about his thoughts on the sudden increase in the number of Grandmasters in the country, Anand said it is all thanks to technology. "I became GM in December 1987, the next one happened in 1990. It was very slow then but picked up a lot of speed later. In 2000, we had 6-7 Grandmasters. Today we have over 65 and this number is increasing very fast. It is very much because of technology and tools available today."

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I keep a straight face but there is turmoil within: Viswanathan Anand - Times of India

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NYPD radio encryption most likely wont happen in 2020 but will soon – amNY

After amNewYork reported this week of the NYPDs plans to encrypt police radios in 2020, police officials said Thursday that it would likely not move forward with encryption for at least a year.

Moreover, police brass indicated that they are open to discussion as to who, outside of the Police Department, would have access to encrypted communications.

Encryption could potentially cut off media groups who currently monitor police radio feeds for breaking news. Outlets would then have to rely upon releases from the NYPD and statements from its officials.

Elected officials, none of whom seemed to know about the multi-million dollar encryption plan, have expressed fears of encryption, as it might significantly reduce transparency of the department. Mayor Bill de Blasios administration has emphasized greater transparency at the NYPD for most of his tenure.

Members of volunteer fire and ambulance squads around the city also use police radios to monitor for trouble, and many of them expressed doubts about the plan, fearing that they too would be cut off.

But on Dec. 19, NYPD Deputy Commissioner for Counter-Terrorism John Miller said encryption would happen in a three- to five-year transition.

So nothings happening today, nothings happening tomorrow, and probably nothings happening next year, Miller said. This is a lot of radios.

Commissioner Dermot Shea said there must be a balance between police officer safety and transparency to the public.

It is an interesting time after just what just happened in Jersey City, Shea said, referring to the Dec. 11 terrorist attack that killed six. With traditional crime and now traditional criminals using encryption, we cant have situation where criminals have better technology than police officers and detectives whether they are drug dealers or breaking into banks. Criminals are using encryption. We should certainly consider transparency, but the priority for keeping New Yorkers safe.

Miller acknowledged some investigative channels are already encrypted to safeguard investigations, as are Federal investigative channels including Drug Enforcement administration, secret service and FBI.

Any further encryption is open to more discussion at this point with a 3-5 year transition, he said. Part of the thinking and planning is where would it be advantageous to say officer safety, the integrity of investigations the commissioner gives the example of a kidnapping, how do you conduct one of those over the radio when the world is listening for entertainment? Its something we are looking at nothing that is happening right away.

Miller, a former journalist himself, noted that There have been other cities gone encrypted, and theyve made arrangements with news media that have made sense. If we ever get to the point where we are going to that level, Im sure that discussion will take place.

Miller testified Wednesday at the City Council Public Safety Committee over proposed legislation, Intro. 487, that would create comprehensive reporting and oversight of NYPD surveillance technologies. The NYPD took a stand against the bill, saying providing detailed information on technology would tip off criminals and terrorists and allow them to thwart investigations.

Sample of a police radio scanner system in action.

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What’s that? Encryption’s OK now? UK politicos Brexit from Whatsapp to Signal – The Register

It's not just the European Union the UK's ruling party wishes to leave. According to the Guardian, the recently victorious Conservative party is switching from WhatsApp to Signal, in order to accommodate its new influx of MPs.

Unlike WhatsApp, which has a hard limit of 256 members for a group, Signal supports an unlimited number of participants.

The switch to Signal will also allow the Conservative party to stem the flow of leaks emerging from its inner circle.

Earlier this year, Buzzfeed published internal WhatsApp conversations that showed trepidation among Tory parliamentarians that members in marginal seats may lose to the Labour party. Other leaked messages highlighted division within the party, particularly over the fundamental issue of Brexit.

For its part, Labour relied on closed WhatsApp groups to disseminate its general election messages widely, with controversial org Momentum using it to issue "WhatsApp cascades" on polling day, shared on with an estimated 400,000 "young people", amongst other allegations about secret WhatsApp groups.

Like WhatsApp, Signal has end-to-end encryption baked in, preventing a foreign power or individual from accessing sensitive conversations. In addition, it also includes settings, which, when enabled, self-destructs messages after a period of time.

Unfortunately, Signal doesn't allow group moderators to block individuals from taking screenshots, which would frustrate the process of leaking a conversation to the press.

There is a tinge of irony in politicians adopting an encrypted messaging system like Signal.

British government officials have for years called upon tech firms to break encryption to facilitate the access of conversations to law enforcement most notably former Home Sec and PM Theresa May, and later former Home Sec Amber Rudd but more lately current UK Home Secretary Priti Patel.

Erstwhile Prime Minister David Cameron even proposed banning online messaging applications that support end-to-end encryption.

That notwithstanding, Signal is increasingly used in governmental spheres. In 2017, the US Senate Sergeant at Arms approved the app as a communications tool for staffers and legislators alike.

The app has also been endorsed by Edward Snowden, the fugitive former CIA employee, who disclosed the depth of US government surveillance against the general public.

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If You Think Encryption Back Doors Won’t Be Abused, You May Be a Member of Congress – Reason

The FBI was way too lax when it sought a secret warrant to wiretap former Trump aide Carter Page. Yet some of the very same people who have been publicly aghast at the circumstances Page scandal are still trying to hammer companies like Apple and Facebook into compromising everybody's data security to give law enforcement access to your stuff.

You're forgiven if you missed this news, as it happened at the exact same time last week that the impeachment countsagainst President Donald Trump were revealed. Our extremely tech-unsavvy lawmakers brought in a few experts to a Senate Judiciary Committee hearing and essentially ignored what they said and yelled demands at them. Virtually every tech expert and privacy advocate under the sun has warned virtually every government official in the world that "back doors" that let police bypass encryption has the potential to cause huge harms and actually makes citizens even more vulnerable to crime. But the legislators want their back doors, dammit.

Here's Sen. Lindsey Graham (RS.C.), who just a day later would express shock that the process for the FBI to get a FISA warrant was not as thorough as he believed: "My advice to you is to get on with it, because this time next year, if we haven't found a way that you can live with, we will impose our will on you." When a witness attempted to explain how complicated an issue encryption is, Graham responded, "Well, it ain't complicated for me."

The Democrats haven't been impressive on this issue either. Sen. Dianne Feinstein (DCalif.) still holds the position that it's no big deal if tech companies just let law enforcement officials in to read encrypted material, as long as they've got a warrant. Sen. Dick Durbin (DIll.) thinks the debate is about whether encryption implemented by companies puts information "beyond the reach of the law." He doesn't seem to care about the arguments that weakening encryption and providing back doors will let hackers and hostile nations access the private data and communications of people around the world (including Americans).

The talking point both the Justice Department and the lawmakers have settled on is that they need to be able demand back doors for the children. Apparently, we all need weaker protections in order to fight child sexual abuse and trafficking.

Sen. Sheldon Whitehouse (DR.I.) asked the tech industry witnesses if they'd be willing to "take responsibility for the harm" that might be caused if law enforcement didn't have back door access. But is Congress and the Justice Department going to "take responsibility for the harm" when these vulnerabilities make it out into the wild (as they inevitably would) and are abused by criminals or by authoritarian states?

This encryption fight has been going on for years, and the back door advocates has resolutely refused to consider the possibility of abuse. Graham in particular has been unwilling to consider the possibility that FISA warrants could ever be used to secretly snoop on Americans inappropriately. But by Thursday, he had changed his tune; if nothing else, the Trump case has forced him to think about what can go wrong when the government can secretly access people's private information without their permission.

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Facebook’s Push for End-to-End Encryption Is Good News for User Privacy, as Well as Terrorists and Paedophiles – Nextgov

Facebook is planning end-to-end encryption on all its messaging services to increase privacy levels.

The tech giant started experimenting with this earlier this year. Soon, end-to-end encryption will be standard for every Facebook message.

But Australian, British and United States governments and law makers arent happy about it. They fear it will make it impossible to recover criminal conversations from Facebooks platforms, thus offering impunity to offenders.

For instance, this was a major concern following the 2017 London terror attacks. Attackers used WhatsApp (Facebooks end-to-end encrypted platform), and this frustrated police investigations.

But does Facebooks initiative place the company between a political rock and an ethical hard place?

What is end-to-end encryption?

End-to-end encryption is a method of communicating more securely, compared to non-encrypted communications.

It involves using encryption (via cryptographic keys) that excludes third parties from accessing content shared between communicating users.

When the sender wants to communicate with the receiver, they share a unique algorithmic key to decrypt the message. No one else can access it, not even the service provider.

The Real Incentive

Facebooks plan to enact this change is paradoxical, considering the company has a history of harvesting user data and selling it to third parties.

Now, it supposedly wants to protect the privacy of the same users.

One possible reason Facebook is pushing for this development is because it will solve many of its legal woes.

With end-to-end encryption, the company will no longer have backdoor access to users messages.

Thus, it wont be forced to comply with requests from law enforcement agencies to access data. And even if police were able to get hold of the data, they would still need the key required to read the messages.

Only users would have the ability to share the key (or messages) with law enforcement.

Points in Favour

Implementing end-to-end encryption will positively impact Facebook users privacy, as their messages will be protected from eavesdropping.

This means Facebook, law enforcement agencies and hackers will find it harder to intercept any communication done through the platform.

And although end-to-end encryption is arguably not necessary for most everyday conversations, it does have advantages, including:

1) protecting users personal and financial information, such as transactions on Facebook Marketplace

2) increasing trust and cooperation between users

3) preventing criminals eavesdropping on individuals to harvest their information, which can render them victim to stalking, scamming and romance frauds

4) allowing those with sensitive medical, political or sexual information to be able to share it with others online

5) enabling journalists and intelligence agencies to communicate privately with sources.

Not Foolproof

However, even though end-to-end encryption will increase users privacy in certain situations, it may still not be enough to make conversations completely safe.

This is because the biggest threat to eavesdropping is the very act of using a device.

End-to-end encryption doesnt guarantee the people we are talking to online are who they say they are.

Also, while cryptographic algorithms are hard to crack, third parties can still obtain the key to open the message. For example, this can be done by using apps to take screenshots of a conversation, and sending them to third parties.

A Benefit for Criminals

When Facebook messages become end-to-end encrypted, it will be harder to detect criminals, including people who use the platform to commit scams and launch malware.

Others use Facebook for human or sex trafficking, as well as child grooming and exploitation.

Facebook Messenger can also help criminals organise themselves, as well as plan and carry out crimes, including terror attacks and cyber-enabled fraud extortion hacks.

The unfortunate trade-off in increasing user privacy is reducing the capacity for surveillance and national security efforts.

End-to-end encryption on Facebook would also increase criminals feeling of security.

However, although tech companies cant deny the risk of having their technologies exploited for illegal purposes they also dont have a complete duty to keep a particular countrys cyberspace safe.

What to do?

A potential solution to the dilemma can be found in various critiques of the UKs 2016 Investigatory Powers Act.

It proposes that, on certain occasions, a communications service provider may be asked to remove encryption (where possible).

However, this power must come from an authority that can be held accountable in court for its actions, and this should be used as a last resort.

In doing so, encryption will increase user privacy without allowing total privacy, which carries harmful consequences.

So far, several governments have pushed back against Facebooks encryption plans, fearing it will place the company and its users beyond their reach, and make it more difficult to catch criminals.

End-to-end encryption is perceived as a bulwark for surveillance by third parties and governments, despite other ways of intercepting communications.

Many also agree surveillance is not only invasive, but also prone to abuse by governments and third parties.

Freedom from invasive surveillance also facilitates freedom of expression, opinion and privacy, as observed by the United Nations High Commissioner for Human Rights.

In a world where debate is polarised by social media, Facebook and similar platforms are caught amid the politics of security.

Its hard to say how a perfect balance can be achieved in such a multifactorial dilemma.

Either way, the decision is a political one, and governments - as opposed to tech companies - should ultimately be responsible for such decisions.

Roberto Musotto is a Cyber Security Cooperative Research Centre postdoctoral fellow at the Edith Cowan University and David S. Wall is a professor of criminology at the University of Leeds

This article is republished from The Conversation under a Creative Commons license. Read the original article.

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The decline of passwords, the rise of encryption and deepfakes cybersecurity predictions for 2020 – BetaNews

It's the time of year again where the great and good of the tech sector like to consult the tea leaves, gaze into the crystal ball, read the runes -- and of course draw on their industry knowledge -- to give their predictions for the year ahead.

So, what do they think is in store for cybersecurity in 2020?

The decline of the password has been on the horizon for a while, but Ben Goodman, CISSP and SVP of global and corporate development at ForgeRockbelieves 2020 will mark the beginning of the end. "Consumers already log in to dozens of protected resources everyday: from email, banking and financial accounts, social media, healthcare, government accounts, and beyond. Even when tools like TouchID are leveraged each of these resources currently still have an associated username and password that can be attacked. To save time and remember their credentials for all these sites, consumers reuse the same username and password across several sites. As a result, the user's exposure from any one security breach on one of those profiles dramatically increases the odds that additional accounts can be compromised as well, allowing attackers to access far more sensitive information."

This is echoed by Clayton Calvert, a consultant at IT security and risk assessment firm netlogx. "With passwordless authentication, IT reclaims its purpose of having complete visibility over identity and access management. Reuse and sharing are common issues in password-based authentication. Without passwords, there is nothing to phish, share, or reuse. The user is no longer a wild card in an organization's access scheme. It is this crucial element that gives passwordless solutions their security advantage. As an added benefit, GDPR prefers that companies use passwordless authentication to eliminate the storing and securing of passwords exchanged over the network. While consumers have used this technology for a number of years in Apple and Samsung products, companies are beginning to do so as well. Sixty percent of large enterprises and nearly all of midsize organizations will use passwordless authentication by 2020."

With the decline of the password though the rise of deepfakes becomes a greater concern. CEO of Jumio, Robert Prigge says, "With a reported 50 percent of consumers using the same credentials across multiple accounts, automated account takeover attacks will continue to run rampant in 2020. As the industry abandons outdated authentication methods that are easily susceptible to fraud, like SMS-based 2FA and knowledge-based authentication, and turn to more advanced, biometric-based authentication methods as a secure alternative, the rise of deepfake technology will become a larger concern. A deepfake superimposes existing video footage or photographs of a face onto a source head and body using advanced neural network powered AI -- and are relatively easy to create. In 2020, we will see an increase in deepfake technology being weaponized for fraud as biometric-based authentication solutions are widely adopted. Even more concerning is that many digital identity verification solutions are unable to detect and prevent deepfakes, bots and sophisticated spoofing attacks."

Deepfakes raise other concerns too according to Optiv Security, "There has been much publicity around the potential to impact elections using deepfakes (AI-doctored videos that enable individuals to make it appear people said things they never said). However, not enough attention has been paid to how cybercriminals can make money using deepfakes against businesses. This will change in 2020 as we expect to see the first deepfake attacks designed to impact stock prices, by having CEOs, financial analysts, Federal Reserve leaders or other powerful economic figures make phony statements that will cause stock market movements. Cybercriminals will use these videos to make quick killings in the market."

2020 is also set to be the year of encryption according to Peter Galvin, vice president strategy and marketing at nCipher Security. "In the US, lawmakers on Capitol Hill have re-energized a push for encryption backdoors, an initiative that is seeing bipartisan support. Internationally, the UK and Australian governments (in addition to the US government) are pressuring Facebook to scrap plans for end-to-end encryption of Facebook Messenger. Galvin adds, Consumers, meanwhile, want more control and privacy over their data yet are often left confused about what that really means and how to make it a reality. Also factoring into the encryption conversation is the protection of voter information leading up to the US election and advancements in facial recognition software."

We can also expect to see more attacks aimed at critical infrastructure and governments according to Alex Heid, chief research officer at SecurityScorecard. "Malicious nation-state actors will continue to focus on malware and ransomware attacks. Nation-state actors don't just want to sell cardholder data on the Dark Web, theyre targeting critical infrastructure such as electricity and water companies.

"In August of 2019, emails sent to US utilities companies contained a remote access trojan as part of a spear phishing campaign. The advanced persistent threat is another in a long line of attacks targeting critical infrastructure.

"With at least thirteen global presidential elections scheduled for 2020, we can expect to see more malware and ransomware attacks attempting to undermine voters confidence."

The ongoing skills shortage will add to problems says Bret Fund, head of cybersecurity at training specialist Flatiron School, "While the average pay for cybersecurity positions in North America is $90,000, pay levels in some areas -- such as local and federal government -- is below what's needed to attract and retain skilled talent. With healthcare, financial services and other large enterprises making it more lucrative for qualified cybersecurity professionals to work in their organizations, local government will be faced with a great cybersecurity skills shortage. Local government agencies will have to think creatively about how they can re-skill their current employee base to meet their cybersecurity needs."

Healthcare is set to come under attack too says Mike Riemer, chief security architect at Pulse Secure, "It is already well-understood that the healthcare industry struggles to secure its trove of sensitive data. But, even as widely discussed as this issue is, the healthcare industry has been slow to adopt effective security measures and quick to embrace an even greater influx of data during digital transformation efforts. As healthcare continues to evolve towards the convenient, self-service model that todays digital-first consumer demands, there will be serious security implications as companies try to control the release of data and information. For example, telemedicine is making patient care extremely convenient, but is the doctor-patient communication secured and encrypted? If not, anyone can intercept the data and communication in transit. How do you secure that information stored on the end-user's phone? The security of any network is only as strong as the weakest link. In this service model, the end-point device is most likely to be compromised and healthcare organizations need to ensure they are meeting all the security and regulatory requirements."

Are there other trends that you think will affect cybersecurity in 2020? Let us know.

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Internet of crap (encryption): IoT gear is generating easy-to-crack keys – The Register

A preponderance of weak keys is leaving IoT devices at risk of being hacked, and the problem won't be an easy one to solve.

This was the conclusion reached by the team at security house Keyfactor, which analyzed a collection of 75 million RSA certificates gathered from the open internet and determined that number combinations were being repeated at a far greater rate than they should, meaning encrypted connections could possibly be broken by attackers who correctly guess a key.

Comparing the millions of keys on an Azure cloud instance, the team found common factors were used to generate keys at a rate of 1 in 172 (435,000 in total). By comparison, the team also analyzed 100 million certificates collected from the Certificate Transparency logs on desktops, where they found common factors in just five certificates, or a rate of 1 in 20 million.

The team believes that the reason for this poor entropy is down to IoT devices. Because the embedded gear is often based on very low-power hardware, the devices are unable to properly generate random numbers.

The result is keys that could be easier for an attacker to break, leaving the device and all of its users vulnerable.

"The widespread susceptibility of these IoT devices poses a potential risk to the public due to their presence in sensitive settings," Keyfactor researchers Jonathan Kilgallin and Ross Vasko noted.

"We conclude that device manufacturers must ensure their devices have access to sufficient entropy and adhere to best practices in cryptography to protect consumers."

The recommendation is that IoT hardware vendors step up their security efforts to improve the entropy of these devices and make sure that their hardware is able to properly set up secure connections.

If vendors don't step up and address the issue, there is a good chance that criminal hackers will. The team says its experiments showed that this sort of attack could be pulled off without much in the way of an up-front investment.

"With modest resources, we were able to obtain hundreds of millions of RSA keys used to protect real-world traffic on the internet," said Kilgallin and Vasko.

"Using a single cloud-hosted virtual machine and a well-studied algorithm, over 1 in 200 certificates using these keys can be compromised in a matter of days."

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What Is Snatch Ransomware and How to Remove It – Guiding Tech

It seems like crimeware developers never sleep as defenses rise. They're always on the lookout for different ways of honing their weapons of attack. One of the most recent techniques is a ransomware strain that can force a Windows device to reboot into Safe Mode right before encryption begins, intending to get around endpoint protection.

This particular strain is known as Snatch owing to its authors, who refer to themselves as the Snatch Team. It was discovered by Sophos Labs researchers, who outlined their discovery together with insights into how such gangs break into enterprises and other entities on their hit list.

Were going to explain what Snatch ransomware is, how it works, and how you can remove it from your devices.

Snatch is a fresh ransomware variant whose executable forces Windows devices to reboot to Safe Mode even before the encryption process begins in a bid to bypass endpoint protection that often doesnt run in this mode.

Discovered by SophosLabs researchers and Sophos Managed Threat Response team, the snatch ransomware is among multiple malware constellation components being used in an ongoing series of carefully orchestrated attacks featuring extensive data collection.

The new strain of the ransomware uses a unique infection method that applies sophisticated AES encryption so that users whose machines are infected cant access their files.

Snatch ransomware was first noticeably active in April 2019, but it was released end of 2018. However, the spike in encrypted files and ransom notes led to its discovery and follow up by the team of researchers at Sophos.

Its crypto-virus form attacks high profile targets, but this new strain, created using Google Go program, comprises a collection of tools including a data stealer and ransomware feature. Plus, it has a Cobalt Strike reverse-shell and other tools used by penetration testers and system administrators.

Note: The variant Sophos discovered is only able to run on Windows in 32-bit and 64-bit editions from version 7 through 10.

As a file locking virus, Snatch ransomware has no connections with other strains. Still, its developers released nine variants of the threat, which append different extensions after data is encrypted with AES cipher.

The trick is to reboot machines into Safe Mode, and then the ransomware restricts access to your data by encrypting your files. After that, the hackers try to extort money from you by soliciting ransoms in the form of Bitcoin in exchange for unlocking your files and giving back data access.

Theres a reason why their trick works. Some antivirus software dont start in Safe Mode, and the developers discovered they could easily modify a Windows registry key and just boot your machine into Safe Mode. Thus the ransomware runs undetected by your security software.

The first time its installed on your device, it comes through SuperBackupMan, a Windows service, and sets up right before your computer starts rebooting so you cant stop it in time.

Once installed, the attackers use admin access to run BCDEDIT, a Windows command-line tool, to force your computer to reboot in Safe Mode immediately.

It then creates a random named executable in your %AppData% or %LocalAppData% folder, which will be launched and starts scanning your computers drive letters for files to encrypt.

There are specific file extensions it encrypts, including .doc, .docx, .pdf, .xls, and many others, which it infects and changes their extensions to Snatch so you cant open them again.

The ransomware leaves a Readme_Restore_Files.txt text file note, demanding anything between one and five Bitcoin in exchange for a decryption key, with information on how to communicate with the hackers to get your data files back.

After the ransomware scans your computer completely, it uses vssadmin.exe, a Windows command to delete all Shadow Volume Copies on it so you cant recover and use them to restore encrypted data files. The final step is to encrypt any data files on your hard drive.

Currently, infected files arent decryptable owing to the sophisticated nature of the AES encryption used. However, you still have a lifeline if your computer is infected by restoring your files from the most recent backup.

Snatch ransomware has been targeting regular users via spam emails. But today, the main targets are corporations. By paying such criminals, you not only lose money and have no guarantee that theyll send the decryption key to you, but it also encourages them to continue with their cyber criminality.

If you dont have an updated backup, theres not much else you can do other than wait until security experts come up with a Snatch ransomware decrypter. That could take a long time, but there are other ways you can protect yourself from such attacks.

One of the best ways to remove Snatch ransomware and other malware is to install good antivirus security software such as Malwarebytes or SpyHunter that can scan, detect, and eliminate the threat. Not all antivirus engines can catch it because its an entirely new malware, so its good to scan using several programs.

You can protect yourself and your devices against ransomware attacks by taking simple steps such as downloading software from trusted sources, and avoid opening email attachments from untrusted sources.

Other ways you can protect yourself and your organization from Snatch and other types of ransomware include:

Snatch ransomware may sound almost life-threatening in how it works to paralyze your files and devices. Before you think of paying that ransom, try the steps above to remove the threat and always take preventive measures to ensure this and such threats don't show up on your computer or network.

Next up: If you suspect your phone is infected with ransomware, check our next article to find out how to detect that and remove it.

Last updated on 18 Dec, 2019

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Hardware-based Full Disk Encryption Market Executive Summary, Introduction, Sizing, Analysis and Forecast To 2025 – Market Research Sheets

The Hardware-based Full Disk Encryption Market research added by UpMarketResearch.com, offers a comprehensive analysis of growth trends prevailing in the global business domain. This report also provides definitive data concerning market, size, commercialization aspects and revenue forecast of the industry. In addition, the study explicitly highlights the competitive status of key players within the projection timeline while focusing on their portfolio and regional expansion endeavours.

This report on Hardware-based Full Disk Encryption Market delivers an in-depth analysis that also comprises an elaborate assessment of this business. Also, segments of the Hardware-based Full Disk Encryption market have been evidently elucidated in this study, in addition to a basic overview pertaining to the markets current status as well as size, with respect to the profit and volume parameters.

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The study is ubiquitous of the major insights related to the regional spectrum of this vertical as well as the companies that have effectively gained a commendable status in the Hardware-based Full Disk Encryption market.

Major Players included in this report are as follows Seagate Technology PLCWestern Digital CorpSamsung ElectronicsToshibaKingstonMicron Technology IncIntel

Hardware-based Full Disk Encryption Market can be segmented into Product Types as Hard Disk Drive (HDD) FDESolid State Drives (SSD) FDE

Hardware-based Full Disk Encryption Market can be segmented into Applications as IT & TelecomBFSIGovernment & Public UtilitiesManufacturing EnterpriseOthers

Hardware-based Full Disk Encryption Market: Regional analysis includes:Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)Europe (Turkey, Germany, Russia UK, Italy, France, etc.)North America (United States, Mexico, and Canada.)South America (Brazil etc.)The Middle East and Africa (GCC Countries and Egypt.)

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Hardware-based Full Disk Encryption market scope A basic summary of the competitive landscape A detailed breakdown of the regional expanse A short overview of the segmentation

A generic overview of the competitive landscape The Hardware-based Full Disk Encryption market report comprises a thorough analysis of the competitive terrain of this vertical. The study offers details pertaining to each industry participants specific market share, the area served, manufacturing sites and more. Information pertaining to the producers product portfolio, product features, and their respective product applications have been talked about in the report. The report profiles the companies in conjunction with the facts regarding their gross margins and price models

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An all-inclusive framework of the geographical terrain The research report extensively segments the geographical spectrum of this industry. As per the report, the Hardware-based Full Disk Encryption market has established its presence across the regions of United States, China, Europe, Japan, Southeast Asia & India. The report includes insights regarding the industry share acquired by each region. In addition, data concerning growth opportunities for the Hardware-based Full Disk Encryption market across every detailed region is included within the report. The anticipated growth rate to be recorded by each region over the estimated years has been correctly specified within the research report.

A brief summary of the segmentation The Hardware-based Full Disk Encryption market report exemplifies the bifurcations of this vertical with extreme precision. Data with reference to industry share amassed by each product segment, together with their market value within the industry, have been highlighted in the report. Data pertaining to production growth has also been included in the report. With reverence to the application spectrum, the study comprises details concerning market share, amassed by each application segment. Moreover, the study emphasizes details associated with the product consumption of each application, along with the growth rate to be accounted for by each application segment over the estimation period.

Some of the Major Highlights of TOC covers: Hardware-based Full Disk Encryption Regional Market Analysis Hardware-based Full Disk Encryption Production by Regions Global Hardware-based Full Disk Encryption Production by Regions Global Hardware-based Full Disk Encryption Revenue by Regions Hardware-based Full Disk Encryption Consumption by Regions

Hardware-based Full Disk Encryption Segment Market Analysis (by Type) Global Hardware-based Full Disk Encryption Production by Type Global Hardware-based Full Disk Encryption Revenue by Type Hardware-based Full Disk Encryption Price by Type

Hardware-based Full Disk Encryption Segment Market Analysis (by Application) Global Hardware-based Full Disk Encryption Consumption by Application Global Hardware-based Full Disk Encryption Consumption Market Share by Application (2014-2019)

Hardware-based Full Disk Encryption Major Manufacturers Analysis Hardware-based Full Disk Encryption Production Sites and Area Served Product Introduction, Application and Specification Hardware-based Full Disk Encryption Production, Revenue, Ex-factory Price and Gross Margin (2014-2019) Main Business and Markets Served

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Hardware-based Full Disk Encryption Market Executive Summary, Introduction, Sizing, Analysis and Forecast To 2025 - Market Research Sheets

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