Cybercrime Goes Offline: The Role of Bitcoins In Ransom and Extortion

“We have your private data. Send us $300 or we’ll destroy all of it.” That’s not a message you ever want to receive. In the past few years, hundreds and thousands of users – people like you and me – have fallen victim to anonymous cyber-ransom attacks that have resulted in millions of stolen dollars. The scary part is that these attacks are more prevalent and more effective now than ever before. Yet most people aren’t even aware that these attacks are even possible. The Growing Threat of Cyber Extortion Cyber extortion isn’t anything new. Back in 2007, Nokia paid...

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