10-06-2016 15:52 via professionalsecurity.co.uk

Case against bitcoin stockpile

Some UK firms are stockpiling digital currencies such as bitcoin, to pay hackers to release their data in the event of a ransomware attack. This is an extremely dangerous course of action if it comes at the expense of preventative security measures, and increases the likelihood of severe consequences as a result of a data breach; according to app security product firm Promon.
The research polled 250 IT security specialists at large companies across the UK. In addition to the figure on crypto...
Read more »