Cybercrooks wielding ransomware might prefer getting paid in Bitcoin, but the crypto currency is just a way to obfuscate the real destination of the payment - as soon as they can, they turn the Bitcoin into "real" money, IBM senior fraud prevention strategist Etay Maor shared in his presentation at RSA Conference 2015.
Two former US federal agents have been charged with wire fraud, money laundering and related offenses for stealing digital currency during their investigation of Silk Road.
INTERPOL and Kaspersky Lab have identified a threat to the blockchain in virtual transactions that could result in them being embedded with malware or other illegal data.
BitTorrent, the company responsible for the development of the BitTorrent peer-to-peer protocol as well as that of μTorrent, a widely used torrent client, has been criticized for bundling the popular with cryptocurrency mining software.
Crypto-ransomware continues to be a very effective way for cyber crooks to "earn" serious money: the method is so lucrative that with a single campaign, the crooks have managed to get their hands on 810 BTC (over $217,000) in a month.
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