Do Crypto-Currencies Fuel Ransomware?
Nir Kshetri, Jeffrey M. Voas · IT Professional · 2017
Incidents of ransomware have been escalating, which could be fueled in part by the diffusion of crypto-currencies. Without crypto-currencies, the creation of ransomware is less desirable because other forms of payment are more traceable. The risk from ransomware can be considerable, and some companies hold supplies of bitcoins in reserve to pay extortionists if necessary. Here, the authors examine crypto-currencies’ effects on ransomware and look at what might influence a victim’s decision to pay.