Ransomware offers plenty of easy targets, lots of money and virtually no way to trace it. It’s become a favourite tool of nation-state hackers and transnational criminal organizations. Which is why everyone from private citizens to operators of networks that keep the world running have to be on guard, experts warn.
“Ransomware is an irresistible crime,” said Michael Daly, Raytheon’s chief technology officer for cybersecurity and special missions. “It keeps hundreds of millions of dollars in untraceable cryptocurrency flowing in, all the while causing chaos in places like hospitals, power plants, train stations, financial institutions and telecommunications companies.”
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