Lena Connolly was cited in an article by James Francis called ‘People Power’, page 22 of the September 2019 edition of Financial Mail Office. Threats from Cybercrime are escalating. Humans are the weakest link, but they don’t have to be. Click on the link to read on. http://online.anyflip.com/enio/udax/mobile/index.html#p=24
By Jareth, EMISOFT Blog
(n.b.) Ed Cartwright and David Wall are cited in the following article.
Cybercriminals may be partially responsible for driving up the price of Bitcoin. It’s no secret that Bitcoin and other cryptocurrencies have had an enabling effect on cybercrime. Now, we believe the inverse may also be true – that cybercrime, and ransomware in particular, is helping stimulate the cryptocurrency economy and inflating the value of Bitcoin. Bitcoin: a key part of the ransomware model Bitcoin has proven to be a tempestuous creature, climbing to an all-time high value of almost $20,000 in December 2017, dropping to below $3,500 in January 2019 and bouncing back to around the $10,000 mark today. While there are many factors behind these extreme fluctuations, we believe ransomware may be fueling the growth of Bitcoin. Ransomware is a type of malware that encrypts a victim’s files. To regain access to the files, the victim has to pay a ransom, the cost of which can range from a few hundred dollars for home users, to hundreds of thousands of dollars for major corporations and public entities. The ransom is usually paid in cryptocurrency, and that cryptocurrency is usually Bitcoin. Bitcoin accounted for about 98 percent of ransomware payments made in the first quarter of 2019, according to figures from ransomware recovery specialists Coveware. As a result, Bitcoin has become an inextricable part of the ransomware model. . . . cont . . .
Please click here for the full article https://blog.emsisoft.com/en/33977/is-ransomware-driving-up-the-price-of-bitcoin/
David Wall talked to Radio Sputnik about the problem of Ransomware and the sucesses of the ‘No More Ransomware’ project. Run by a collaboration of cybersecurity organisations (inc EUROPOL) ‘No More Ransomware.org’ offers advice and software to recover computer files encrypted by ransomware and is claimed to have saved over 200,000 victims up to £86 million ($108 million).
The EMPHASIS project is part of the Research Institute into the Science of Cyber Security, the most interdisciplinary cyber security community in the UK. See the write up by Wendy Grossman of EMPHASIS in RISCS.
Anna Cartwright is an Associate Professor in Economics at Coventry University and a co-investigator on the EMPHASIS project. Her research interests include game theory, industrial economics and behavioural economics. Recent papers look at the business model behind ransomware and game theoretic models of ransomware. She is a member of the Cyber Security Research Group at the Institute for Future Transport and Cities.
Dr Stephen McGough will be acting as the research lead for the EMPHASIS project at Newcastle University. His research expertise lies in the areas of Big Data, Machine Learning and particularly Deep Learning.
We are also in the process of recruiting a researcher. Please get in touch if interested.
This is the website for the EPSRC EMPHASIS “EconoMical, PsycHologicAl and Societal ImpactS of Ransomware” project.
Universities: Kent, Leeds, De Montfort, City, Newcastle, Coventry
Disciplines: Computer Science, Criminology, Psychology, Economics, Law