Home Blockchain News Ransomware Crooks Cashed Out $16 Million from Defunct Bitcoin Exchange: Google Research

Ransomware Crooks Cashed Out $16 Million from Defunct Bitcoin Exchange: Google Research

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By CCN: In the two years leading up to 2018, a spate of ransomware attacks were analyzed in a report by a team of researchers hailing mostly from leading U.S. universities and Google. Results showed a conservative estimate of total funds stolen to be $16 million, with bitcoin providing a way for malicious actors to take payment from anywhere in the world. The first quarter of 2019 has perhaps seen these types of attacks become more frequent and severe. Citing cases involving Ryuk, a notorious family of ransomware, the amounts demanded to be paid have reportedly increased by 90% since

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* First published on ccn.com

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