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Read Source Article The Role of Bitcoin in Crime: Ransomware

If there is one criminal trend related to Bitcoin that’s made a global impact, it has to be ransomware. This destructive type of malicious software has claimed thousands of victims across the world. It also highlights the potential of Bitcoin as a global payment method, albeit for nefarious purposes.

The Ransomware Craze Is Still Alive

Although it may appear as if ransomware is a relatively new trend, that is not the case whatsoever. In fact, there have been ransomware attacks going on for nearly a decade now, although this particular type of malware only began gaining traction in the media when Bitcoin got involved. In this day and age, virtually all ransomware strains demand a payment in Bitcoin prior to restoring computer access.

Ransomware distribution took off between 2015 and 2017. Although things have calmed down a bit since, this attack vector has not lost much of its popularity. It does seem criminals have a slightly tougher time infecting thousands of computers in one go these days, though, which can only be considered a positive development.

There were over 1,000 ransomware attacks per day in 2015. That’s a very worrisome number, although it was only the beginning of bigger

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