CDSA

Following Bitcoin Ransoms Reveals Billion-Dollar Cybercrime (SC Magazine)

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Are we about to witness a ransomware unicorn? According to Mikko Hypponen, chief research officer of Finnish F-Secure, we are. But there’s a caveat.

A unicorn is a startup business which has received the valuation of a US$ 1 billion dollars (£757 million) or more. Think AirBnB, Uber, or Spotify.

In an interview with SCMagazineUK.com, Hypponen explained: “Bitcoin is based on Blockchain, and Blockchain is a public ledger of transactions. So all Bitcoin transactions are public. Now, you don’t know who is who. But we can see money moving around, and we can see the amounts.”