Hardly Anyone Paying the Hackers? Because Using Bitcoin Is Hard

in #bitcoin7 years ago

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An unprecedented cyberattack swept across the globe over the weekend, but so far the majority of victims haven’t paid hackers a ransom.

After the ransomware began infecting users on Friday, they were given 72 hours to pay $300 in bitcoin -- chosen by the hackers because the crypto currency is harder to track than conventional payments -- or pay twice as much. If they refused to pay after seven days, their computer would be permanently locked -- a serious problem for those who haven’t backed up their data.

As of early Monday, only about $50,000 had been paid in ransoms, according to Elliptic Enterprises Ltd., a London-based company that tracks illicit use of bitcoin. The company calculated the total based on payments tracked to bitcoin addresses specified in the ransom demands, adding that it expects the total to rise.
Read more here:
https://www.bloomberg.com/news/articles/2017-05-15/hardly-anyone-paying-the-hackers-because-using-bitcoin-is-hard