Cryptocurrency Q&A
Why are hackers demanding $US70 million in Bitcoin for a 'gargantuan' attack?
Why are hackers demanding $US70 million in Bitcoin for a 'gargantuan' attack?
CryptoGladiator
Wed Jul 17 2024
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7 answers
1418
Could you elaborate on the motives behind hackers demanding a staggering $US70 million in Bitcoin for an alleged 'gargantuan' attack? What kind of attack is being referenced, and why is the ransom so significant? What are the potential implications for those targeted, and how do hackers typically justify such astronomical demands? Furthermore, what measures can be taken to mitigate the risk of such attacks, and what are the prospects for successfully recovering funds once a ransom has been paid? Understanding the dynamics behind these high-profile hacking incidents is crucial for safeguarding against similar threats in the future.
7 answers
Raffaele
Fri Jul 19 2024
Hackers have recently perpetrated a "gargantuan" attack on a prominent US IT company, leading to the theft of crucial data.
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lucas_taylor_teacher
Fri Jul 19 2024
As a result of this cyberattack, hundreds of Swedish supermarkets have been forced to close their doors.
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BonsaiBeauty
Fri Jul 19 2024
The hackers have demanded a staggering ransom of $70 million in bitcoin, threatening to release the stolen data if their demands are not met.
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KimchiQueenCharm
Thu Jul 18 2024
The FBI has acknowledged the severity of the "ransomware" attack, noting that it may be "unable to respond to each victim individually" due to its sheer scale.
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CryptoAlchemy
Thu Jul 18 2024
Cryptocurrencies like bitcoin have often been utilized in ransomware schemes, owing to their decentralized nature and anonymity.
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