Published On: Sun, Apr 15th, 2018

Ex-NSA Chief: Ransomware Hasn’t Gone Anywhere, and It’s Still Dangerous

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Ransomware broke into the spotlight in 2017, when many major institutions around the world fell victim to the file-locking malware. And while this method of theft has been around almost as long as the internet itself, the rise of Bitcoin has made it extremely popular, giving hackers a way to extort money that is next to impossible to trace.
Also read: Under the Wing of ConsenSys Capital, Token Foundry Launches
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Ransomware Lives On
Although the news has lightened its coverage on the issue, ransomware continues plaguing institutions in 2018. For example, an attacker used ransomware to take computer systems of Atlanta’s city government hostage. The attacker originally demanded $50,000 USD, but the attack ended up costing the city around $2.7 million, according to a local news outlet.
So how can companies and governments combat this threat? How can authorities track down attackers after they have already made off with the extorted bitcoin?
Bitsonline had a chance to find answers to these questions, sitting down with former NSA chief data scientist Oren Falkowitz.
Falkowitz has a long history of …

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