33% of UK Firms are Buying Bitcoin in Anticipation for Cyber Attacks

[kreslik.news]

A cyber-security survey by remote access developer Citrix has found an interesting use case for holding bitcoin – being prepared to pay a ransom to hackers holding your files captive. The poll asked 250 British IT and cyber-security specialists representing companies of various sizes about their preparedness to cyber-crime and found that 33% said they were buying bitcoin in order to be able to pay off future ransomware attackers.

If you are luckily unfamiliar with ransomware, it usually works as follows. You open your computer and see that all your files are encrypted – effectively leaving you without all your information. You ... (read more)