Dark side of cryptocurrency with ransomware attacks from "summary" of Digital Gold by Nathaniel Popper
In the world of cryptocurrency, a dark side lurks in the shadows: ransomware attacks. These attacks have become increasingly prevalent in recent years, with hackers using cryptocurrency as a means of extorting money from their victims. Ransomware attacks typically involve hackers gaining access to a computer system and encrypting the victim's files, making them inaccessible. The hackers then demand a ransom payment in cryptocurrency in exchange for decrypting the files. The anonymity and untraceability of cryptocurrency make it an ideal tool for these types of attacks. Unlike traditional forms of payment, such as credit cards or bank transfers, cryptocurrency transactions are difficult to trace back to the perpetrators. This makes it easier for hackers to evade law enforcement and continue their illegal activities. As a result, ransomware attacks have become a major concern ...
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