Ever since Bitcoin, which is a cryptocurrency and a digital payment system came into being especially after Satoshi Nakamoto invented an open source software in 2009, the cyber criminals and terror groups have been relishing a big time. They have a new way to finance and run their dark operations. After this currency gained momentum, cyber threats and terror funding have gone up dramatically. Terror groups are freely getting funding from across the borders from their sympathizers and handlers in bitcoins as is being speculated.
The biggest example lies in the recent ransomware attack that crippled the healthcare and other services worldwide. Cyber criminals who could be backed up by terror groups such as ISIS and others minted millions of dollars. Through the WannaCry ransomware, they garnered thousands of bitcoins that translate into millions of dollars.
The WannaCry fiasco is not the first instance when bitcoins have been used to collect ransom. Even on other occasions bitcoins h…
The biggest example lies in the recent ransomware attack that crippled the healthcare and other services worldwide. Cyber criminals who could be backed up by terror groups such as ISIS and others minted millions of dollars. Through the WannaCry ransomware, they garnered thousands of bitcoins that translate into millions of dollars.
The WannaCry fiasco is not the first instance when bitcoins have been used to collect ransom. Even on other occasions bitcoins h…