For online casinos, business begins to peak as gamblers punch out of work and belly-up to virtual blackjack tables. But on this Tuesday in February at 5p.m., the odds were not in the house’s favor. That’s when this virtual casino—with tens of millions of dollars in virtual transaction data, thousands of user profiles and millions...

Mike Mimoso and Chris Brook recap the news of the week, including the Badlock bust, encryption legislation (Burr-Feinstein, the California decryption bill) and the dawn of ‘cryptoworms’ – Mike also discusses last week’s Infiltrate Conference in Miami. Download: Threatpost_News_Wrap_April_15_2016.mp3 Music by Chris Gonsalves

Ransomware is evolving and soon will share the same deadly efficiencies as notorious worms of the past, such as Conficker and SQL Slammer. In fact, according to security researchers at Cisco Talos, today’s newest ransomware, SamSam, is a harbinger of a new wave of more malicious, tenacious and costly ransomware to come. “Ransomware authors are...