The phenomenal appreciation in Bitcoin’s value against the dollar, up roughly 18x in 2017 and 4x since September, gives us pause to consider – from a security perspective – what this might mean for ransomware in the near and distant future.
Ransomware and Bitcoin Codependency
It is not an exaggeration to say that without each other, ransomware and Bitcoin might not exist at all. I think it’s largely understood that the rise of a virtual, anonymized and easy-to-use payment system was a key factor in making ransomware the phenomenon it is today.
