A Match Made in Heaven, Cryptocurrency and Ransomware
The partnership between crypto and ransomware isn't something new. The two now seem to go hand-in-hand regarding cybercriminals trying to cheat others out of vast sums of money.
Some people like to use the analogy that ransomware is a car and crypto is the type of fuel. Now, it's not that this "car" can't run on other fuel types; it's that the "best" fuel seems to be crypto.
In the cyber world of crime, 2020 was a highly profitable year for using ransomware to separate people from their digital assets. The truth is that it wasn't because criminals somehow figured out how to coordinate better attacks. Since crypto rose in value, its ability to make anonymous payments made it a hotbed for illegal activity and the top pick of the year for many cyber criminals.
Hungry for more? Join me each week, where I'll break down complex topics and dissect the latest news within the cybersecurity industry and blockchain ecosystem, simplifying the tech world.
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