A cryptocurrency stash worth nearly US$1 billion (A$1.37 billion) has been seized by American federal authorities on Tuesday and court action has been launched seeking forfeiture of the cache.
The move by worldwide online payments system PayPal to allow customers to hold bitcoin and other virtual currencies in their online wallets will end up making more than a few cyber criminals richer, a senior technologist has claimed.
Ransomware has evolved considerably from its first sighting — Cryptolocker was spotted on 5 September 2013 — and is unlikely to disappear anytime soon as the people behind this breed of malware develop more and more sophisticated ways of weaponising it, a senior security official from global vendor Sophos says.
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