150°

Cops Pay $500 In Bitcoins Due To Ransomware

Individuals, businesses, and even police departments are being targeted by groups wanting to receive Bitcoins in ransomware schemes. The latest victim is the police force in Midlothian, a small city near Chicago. Malware infected the force's computers when someone clicked on a malicious email.

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Stringerbell3342d ago

A classic pump and dump scam that has an ideological base. It'll be around and the only time you'll hear about it is when X exchange vanishes leaving its users penniless, or offbeat stories like this. Not even 'prominent' Austrian economists see value in Bitcoin and that says a lot.

Dasteru3342d ago (Edited 3342d ago )

10-15 years from now, the world will be run by Bitcoin (or something similar). It and its spinoffs are the only truly universal currencies and are by nature uncontrollable by anyone.

@Stringerbell: The only people left penniless are the fools who leave all their bitcoins online only. Bitcoin is designed to be encrypted and stored locally so that it can't be stolen. You can store it both locally with backups and online, making it impossible to steal or loose.

crazytechfanatic3342d ago

Storing locally is the best way.

80°

Why Crypto Idealogues Won’t Touch Bitcoin ETFs

The arrival of spot bitcoin ETFs in the US offers easy access to the masses. Purists will steer clear.

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60°

How to tell if your USB is weaponized

USB drives are frequent targets of hackers. Here are some ways to tell if a malicious party has targeted your USB device.

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knowtechie.com
70°

A new exploit lets hackers unlock any Honda made since 2012

Thankfully, thieves still wouldn't be able to drive the vehicles away.

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knowtechie.com
641d ago