Alexandoy
VIP Contributor
In the news today, the US Justice Department said that they had recovered Bitcoins worth $2.3 million as ransom paid by Colonial Pipeline Co. The amount was the ransom demanded by the hackers of the pipeline’s website to make it easier in getting the money instead of cash. Unfortunately the ploy exploded on their face.
Criminals may have thought that a ransom paid in Bitcoin is safe but the FBI was able to trace the ransom in the digital wallet. Now there is a warning to big corporations to be vigilant on the hacking of their systems which can result in another ransom incident. The ransomware is a software that can lock the computer’s hard drive which would force the company to pay the ransom in Bitcoin.
Criminals may have thought that a ransom paid in Bitcoin is safe but the FBI was able to trace the ransom in the digital wallet. Now there is a warning to big corporations to be vigilant on the hacking of their systems which can result in another ransom incident. The ransomware is a software that can lock the computer’s hard drive which would force the company to pay the ransom in Bitcoin.