In the Bitcoin Era, Ransomware Attacks Surge

Dave Winston,crew chief with Circle Sport-Leavine Family Racing, was forced to pay $500 in bitcoin as a ransomware payment in April. He is shown here during a practice run at the New Hampshire Motor Speedway in July.

One evening in April, Dave Winston stood in a convenience store in suburban Charlotte, N.C., uneasily shoving $20 bills into a slim automated-teller machine unlike any he had ever seen. He was buying bitcoin, a digital currency unknown to him a few hours earlier, before hackers took over his computer.

Mr. Winston, crew chief with the Circle Sport-Leavine Family Nascar race team, is among a growing number of victims of a pernicious type of malicious software called ransomware, which has earned millions of dollars for cybercriminals by encrypting computer files and

Read more ... source: TheBitcoinNews