Cryptocurrency

2024

Bitcoin

Impact

when

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ransomware-threats-and-the-impact-on-cryptocurrency-reputation/" data-wpel-link="internal">Ransomware Threats and the Impact on Cryptocurrency Reputation</a><br></p>
<p style="text-align: justify">Especially for those hearing about <a href="https://en.coin-turk.com/experts-warn-of-limited-bitcoin-price-reaction-to-spot-etf-approvals/" data-wpel-link="internal">Bitcoin</a> for the first time, their introduction a few years back was not a pleasant one. They were faced with ransomware at their company or business, being asked to pay with something called “BTC.” I remember the days in 2014 in Istanbul’s Şişli district when companies paid the <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude">money</a> to save their devices, reminiscent of the days when their dollar accounts were active.</p> 
<h2 style="text-align: justify" id="crypto-risks-ransomware-threats">Crypto Risks: Ransomware Threats</h2> 
<p style="text-align: justify"><strong>Bitcoin</strong>‘s reputation in its early days was primarily damaged due to ransomware. The periods when BTC was most talked about worldwide could have been a few years ago during incidents like WannaCry. We’ve lived through days when devices around the world were taken over, and people had to pay to recover their data.</p> 
<p style="text-align: justify">Subsequently, many operations were conducted worldwide, and this (although it still happens) began to be forgotten. Thus, after the 2017-2018 period (while WannaCry, etc., were being forgotten), BTC’s role as a store of value became more prominent.</p> 
<p style="text-align: justify">Initially known for its philosophy, <strong>BTC</strong> later became known for ransomware and, more recently, as a store of value.</p> 
<h2 style="text-align: justify" id="2023-ransomware-attacks">2023 Ransomware Attacks</h2> 
<p style="text-align: justify">However, this could change, as it’s negative for <strong>cryptocurrencies</strong> because the damage to Bitcoin’s reputation is bad for all crypto. There are many politicians in the US Congress who already accept the idea that BTC is a tool for crime. Chainalysis’s 2024 “Crypto Crime Report” tells us about attacks affecting well-known brands like the BBC and British Airways.</p> 
<p style="text-align: justify">Annual ransom payments in 2023 reached an all-time high, exceeding 1 billion dollars. According to data from Recorded Future, last year 538 different ransomware targeted victims. The report also mentions that ransomware groups like CL0P focused on big game hunting.</p> 
<blockquote> 
 <p style="text-align: justify">“Cl0p exploited 0day security vulnerabilities that allowed it to extort a large number of wealthy victims en masse, which encouraged the operators of this type to adopt a data leak strategy instead of encryption.”</p> 
</blockquote> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-312357 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/Fidye-Geliri-Aklama.webp" alt="" width="1169" height="507"></p> 
<p style="text-align: justify">CL0P-type software represented 44.8% of the attacks in June and July 2023. In 2023, attackers used crypto bridges, underground exchanges, and mixers to launder ransomware revenues.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/ransomware-threats-and-the-impact-on-cryptocurrency-reputation/" data-wpel-link="internal">Ransomware Threats and the Impact on Cryptocurrency Reputation</a></h5>

Ransomware Threats and the Impact on Cryptocurrency Reputation

목차

COINTURK NEWS

2024년 2월 8일에 게재된 다른 기사

JUST IN! The Court Accepted Terra Founder Do Kwon's Request, LUNA and LUNC Prices Increased!

Developers Set a Date for the Next Biggest Event on Ethereum

Bitcoin Awaits Potential Boost During Lunar New Year Festivities

Over 1 Million Bitcoins Fortify This Support Level as BTC Positions for Next Parabolic Leg Up

AI-Focused Cryptocurrencies Climb as World AI Cannes Festival Kicks Off

UN Accuses North Korea of Stealing $3 Billion in Crypto

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!