Published On: Tue, May 16th, 2017

Four Quick Questions and Answers About Ransomware and Bitcoin

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Bitcoin got caught in another media storm this week, though only in a supporting role this time around. The ongoing ransomware attack by the name of “WannaCry,” sometimes also referred to as “WannaCrypt0r,” “Wcry,” “WanaCry,” “WannaCrypt” or “Wana Decrypt0r,” infected over 230,000 computers in over 150 countries over the past couple of days, and demands that victims pay a ransom in the cryptocurrency.So what is ransomware, and what does Bitcoin have to do with all of this?What Is Ransomware?Ransomware is a type of computer virus …

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