Companies are stacking Bitcoin in case they are attacked by ransomware! Could this be the reason of recent Bitcoin price surge?
As per the Citrix survey, thirty percent of British companies maintained reserves of Bitcoin.
This ensures companies can regain access to IP or critical customer or business data in the event of ransomware attack.
Companies witnessed computer criminals preference for Bitcoins on 12 May when WannaCry ransomware hit the United Kingdom's National Health Service (NHS), Telefonica, and other companies using an exploit for a Windows vulnerability.
Amusingly, NSA developed the attack code which the Shadow Brokers hacker group eventually obtained and leaked online. In total, 150 countries were impacted and affected 200K people. Demand was simple - Pay 300$ in bitcoin and get the access back.
There is no doubt that bitcoin transactions are now getting tracked, so can this give an opportunity to a new coin to gain 'star status' in dark web? Only time can tell.