Europol released its 2019 Internet Organized Crime Threat Assessment report, which shows that crypto-ransomware remains a top threat.
Ransomware is a type of malicious software made for the extortion of money. In principle, the software works by blocking the whole computer system or access to a user’s data through file encryption and then demands a ransom from the victim. Ransomware attacks are mainly target large organizations, as they have a large amount of valuable information and are ready to pay for it. Currently, as cryptocurrency has become one of the most convenient and fastest ways of payment, a lot of companies buy digital currencies in order to escape quickly from a ransomware attack. Bitcoin has also become one of the most popular currencies that is demanded by extorters as payment because of its relative anonymity and speed of transactions.
- NY District Court Postpones Telegram’s TON Hearing to 2020
- Fidelity Investments Fully Rolls Out Crypto Custody Service, Exec Says
- Kik Messaging App Now Has New Owner, Will Continue Work on Kin Token
- Craig Wright: Either I’m Satoshi Nakamoto, or He Plagiarized Me
- Price Analysis 18/10: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, LEO