28 Feb '17, 5pm

US Corporations are Buying Bitcoin to Quickly Resolve Ransomware Attacks

To prevent servers and computers from being encrypted with Bitcoin-demanding ransomware , major US corporations are purchasing Bitcoin to make sure they quickly react to malware encryption . Since early 2016, a time lock system for Bitcoin ransomware has become quite popular. Designers and developers of ransomware purposely include a time frame, usually one week, to pressure victims into paying Bitcoin ransom . Ransomware principles Despite the emergence of readily accessible cloud-based platforms, many companies, particularly large-scale corporations, still operate local servers, databases and computers to store important data. Corporate data, including the personal information of users, financial data of clients and confidential company documents, are stored in these local servers which are vulnerable to ransomware or malware attacks when connected to the Internet. Ranso...

Full article: https://cointelegraph.com/news/us-corporations-are-buying...

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