London Banking Sector Create Bitcoin Contingency Funds against Cyberattacks
UK based banking institutions are keeping Bitcoin reserves for potential ransom payouts to hackers in the case of a cyber attack. Last week the internet witnessed what could probably be the largest attack till date. Many reputed online services across the world were hit by a DDOS attack, leaving them inaccessible for hours. As cyber threats continue to rise, the banking institutions in London are preparing themselves for the worst case scenario. The DDoS attack, to which companies like Twitter, Netflix, Spotify, Reddit and more fell victim was found to be launched using a special code. The....
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