Why Bitcoin Is The Preferred Choice Of Payments By Cyberhackers
Invented by Satoshi Nakamoto, an alias that
was used but nobody knows his identity Satoshi means quick witted wise, clear
thinking. Naka can mean medium. Moto means origin or motion, His identity is a
mystery. When Bitcoin became an official cryptocurrency, it gave 2 main
advantages to cybercriminals. First of all it is decentralized currency. You
don’t need a third party like a bank. Two people can pay each other without
using a middleman. The person that you
are paying bitcoins to is anonymous. As of today 1 Bitcoin is worth $2329.00. Your wallets
where your bicoins are placed can only be identified by numbers. At least 6 to
7 million people have these wallets. You can spend these bitcoins on almost
anything now. There are already plenty of retailers around the world who accept
bitcoins as payments. You can buy contraband goods in the blackmarket.
There are only
simple skills needed to do this . It’s like downloading simple accounts oin the
internet. If you can make a google account, you can also do this. Downloading a
ransoware toolkit is so easy to do and then you can start dispersing it. You
can now money launder your money in the
darknet. Your bitcoins will be turned into cash. These toolkit developers make
money by taking a percentage of the ransom that is paid this is done by
automation . The softwares are kind of sophisticated and very accessible. It
can launch attacks at scale. They make the ransom demands affordable .
Instructions are given on how to create a virtual wallet and buy enough
bitcoins to pay the ransom. In return the cybercriminal will hand you over the
code so that the data can be unlocked
on your computer or a network.
1 Comments:
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Megstar
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