Bitcoin Hoarding: Do You Need It Against Ransomware Attacks?

The Internet is a delight to many. It can’t be denied with the number of smartphone and smart gadget users these days. We all enjoy 24/7 access to the World Wide Web because there are absolutely endless possibilities when using it. You can finally say goodbye to boredom at the very least or use it for work opportunities, not just simply to connect with family and friends. Unfortunately, dubious people have found another use for the web. No longer do they confine their evil ways to the dark web, cyber criminals also spread havoc to the majority of online users who often only have an anti-virus or firewall to protect them. Some don’t even have some sort of protection at all against these malicious online attacks.

One of the most popular malware these days is ransomware. What exactly is ransomware? Simply put, it is a type of digital extortion malware. This malware locks your computer or keyboard until you pay a ransom usually in the form of Bitcoins. Until then, you can’t access your PC and all the important files you have saved in it. With the use of a ransom cryptware, cyber criminals use a unique private key to encrypt your computer files aside from locking your device. While it initially targeted PCs and laptops, mobile phones are no longer safe from this new tech headache today.

In the age of cyber threats, companies are stockpiling digital currency in preparation of future “ransomware” attacks — which have grown exponentially over the past few