Banks Buy Bitcoin as Ransomware Wreaks Havoc
According to the CEO of Malwarebytes – Marcin Kleczynski, the malicious ransomware programs have created a huge security threat to banks. In order to ensure uninterrupted service, the banking industry is even prepared to pay the price demanded by cyber criminals to recover data from ransomware affected devices. He says,
“I talked to a couple of banks and they say they have 50-100 bitcoin ready at all times in a wallet to deploy if a ransomware attack hits,”
Banks rely heavily on computers and network infrastructure for their day-to-day operations and any disruption to its network will bring the whole operation to a stand-still. In addition, ransomware are becoming better each day. These constant improvements to malware code have made them virtually uncrackable.
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