Banks Buy Bitcoin as Ransomware Wreaks Havoc
The increase in ransomware attacks on banks has forced them to buy bitcoin. Who would have imagined that traditional banks would be buying Bitcoin so soon? The answer is – probably no one. The recent increase in Bitcoin ransomware attacks on banks and financial institutions has forced them to take this extreme step. According to the CEO of Malwarebytes – Marcin Kleczynski, the malicious ransomware programs have created a huge security threat to banks. In order to ensure uninterrupted service, the banking industry is even prepared to pay the price demanded by cyber criminals to recover data....
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What is of particular concern is how the St. Louis library may not have any data backups to resolve this matter quickly. Ransomware continues to be utilized by internet criminals all over the world. Earlier this week, the libraries of St. Louis have been crippled by a ransomware attack. Public terminals provided by the library to the poor and vulnerable of the city had to be shut down as a result. Moreover, any system related to processing book and material lending remained inaccessible for quite some time. As one would come to expect from a ransomware attack, the criminals demanded a....
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