Ransomware Concerns Prompt Some UK Businesses to Buy Bitcoins, Survey Finds
A number of companies in the UK are stockpiling bitcoins in the event of a ransomware infection, according to a recent survey of 250 information technology specialists in the country. Data security firm Citrix released the results of a survey it conducted with public relations firm Censuswide, which suggested that ransomware – malware that encrypts up a computer’s files until a ransom is paid (usually in bitcoin) to unlock the data – is a prevailing concern among some companies in the UK. Thirty-three percent of those surveyed said their companies maintain a stash of bitcoin just in case.....
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A recent survey by corporate networking firm Citrix has revealed that companies are ‘stockpiling’ bitcoin to use the cryptocurrency as ransom payment if faced with a ransomware attack. Over the years, cybercriminals have conducted phishing campaigns, hacking endeavors and DDoS attacks as effective means to engage in cybercrime. In recent times, the emergence of ransomware malware has targeted everyday individuals and large companies alike. The malware typically uses cryptography to encrypt a target’s files on the hard drive, demanding a ransom payment – typically in bitcoin – in exchange....