The report indicates that while ransomware attacks have been around since the 1980s, they started occurring with more frequency now during the time of bitcoin use and improved encryption software.
According to the report, bitcoin is the preferred payment method for ransowmare cases because users can send and receive bitcoin anonymously from anywhere in the world.
However, bitcoin itself is subject to hackers. Bitfinex, the online digital currency exchange platform, was hacked in August, and attackers stole $65 million worth of bitcoin currency.
More articles on ransomware:
Dermatology office ransomware attack affects 13k patient records
How to protect your healthcare organization from IT security breaches
Hospitals are hit with 88% of all ransomware attacks
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