Imagine a pocket-sized hard drive capable of storing the entire list of 35 Million Songs? This isn't yet practical, but IBM has just taken a big step towards improving computing technology: IBM researchers [...]

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South Korean web hosting provider has agreed to pay $1 million in bitcoins to hackers after a Linux ransomware infected its 153 servers, encrypting 3,400 business websites and their data, hosted on them. According to a blog post published by NAYANA, the web hosting company, this unfortunate event happened on 10th June when ransomware malware hit its hosting servers and attacker demanded 550 bitcoins (over $1.6 million) to unlock the encrypted files. However, the company later negotiated with the cyber criminals and agreed to pay 397.6 bitcoins (around $1.01 million) in three installments to get their files decrypted. The hosting company has already paid two installments at the time of writing and would pay the last installment of ransom after recovering data from two-third of its infected servers. According to the security firm  Trend Micro , the ransomware used in the attack was  Erebus  that was first spotted in September last year and was seen in February this year...
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https://thehackernews.com/2017/10/bad-rabbit-ransomware-attack.html?m=1

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A new widespread ransomware attack is spreading like wildfire around Europe and has already affected over 200 major organisations, primarily in Russia, Ukraine, Turkey and Germany, in the past few hours. Dubbed " Bad Rabbit ," is reportedly a new Petya-like targeted ransomware attack against corporate networks, demanding 0.05 bitcoin (~ $285) as ransom from victims to unlock their systems. According to an initial analysis provided by the Kaspersky, the ransomware was distributed via drive-by download attacks, using fake Adobe Flash players installer to lure victims' in to install malware unwittingly.
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