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Ransomware, rogue software which encrypt data on your hard disk and demand payment in bitcoins to restore it, have been on the rise recently. Hospitals, police stations and universities have been the recent targets of ransomware.
CryptoLocker malware takes computer and documents “in hostage” by encrypting users data. In order to decrypt this information malware charges a ransom in fiat or bitcoin currency.
The people behind CryptoLocker aren’t so bad, after all. They have listened to their victims’ complaints and tweaked their model accordingly.
Law enforcement officials in the UK have put email users there on alert after a wave of spam containing malicious software went out.
MatrixVision CEO Marco Crispini argues that self-regulation of the Bitcoin system is the necessary path into the mainstream.
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