It is nothing new that the cryptocurrency bitcoin has been used regularly in ransomware attacks as a means for hackers to secure anonymous payments from their targets. What is new, however, is that major banks have now started to stockpile bitcoin in order to mitigate potential future ransomware attacks by cyber criminals. Many businesses have concluded that it is simply cheaper to pay the ransom as opposed to dealing with the financial and reputational consequences of a security breach or loss of data...
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