Forum Home
    • Register
    • Login
    • Search
    • Recent
    • Tags
    • Popular

    Businesses are stockpiling Bitcoin for cyber extorsion payoffs

    Off-Topic
    1
    1
    1063
    Loading More Posts
    • Oldest to Newest
    • Newest to Oldest
    • Most Votes
    Reply
    • Reply as topic
    Log in to reply
    This topic has been deleted. Only users with topic management privileges can see it.
    • wrapper
      wrapper Moderators last edited by wrapper

      Spooked by spike in cyber extortion, businesses are stockpiling Bitcoin for payoffs

      U.S. corporations that have long resisted bending to the demands of computer hackers who take their networks hostage are increasingly stockpiling Bitcoins, the digital currency, so that they can quickly meet ransom demands rather than lose valuable corporate data.

      “It’s a moral dilemma. If you pay, you are helping the bad guys,” said Paula Long, chief executive of DataGravity, a Nashua, N.H., company that helps clients secure corporate data. But, she added, “You can’t go to the moral high ground and put your company at risk.”

      https://phys.org/news/2017-02-spooked-spike-cyber-extortion-businesses.html

      1 Reply Last reply Reply Quote 1
      • First post
        Last post