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Posts Tagged ‘Bitcoin’

A California hospital this week paid a $17,000 ransom to free its computers from a hacker’s virus, thrusting a little-known but wildly lucrative cyber scheme into the limelight. Cyber criminals have extorted hundreds of millions from victims using these attacks, yet the technique has baffled law enforcement and received little attention on Capitol Hill. On […]

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The Hollywood Presbyterian Medical Center, an “acute-care facility” located in Los Angeles, has had its computer systems compromised by hackers. The attackers are asking for 9,000 Bitcoin (approximately $3.6 million) in exchange for giving the hospital access to the systems again. The LA police, the FBI and a computer forensics firm have been called in […]

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The technology that drives the shadowy cryptocurrency bitcoin is drawing interest from the established banking industry, which sees a potential to revolutionize the sector. Although bitcoin and related virtual currencies are limited to a small set of transactions and are often associated with the underground economy, the so-called blockchain technology is gaining currency in the […]

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