New York University and Google researchers who monitored the payment networks of cybercriminals announced that ransomware cases have increased significantly since 2016 and gradually becoming a multi-million business. They claimed that the crime is very profitable and that it is becoming a “vicious cycle” of ever-growing attacks. According to Google anti-abuse research lead, Elie Bursztein, the crime of ransomware is here to stay. “It’s a vicious cycle, the more money they make, the more aggressively they spread the malware.” Results Based on the study results, the criminal cyber industry, in general, has a promising future as shown by the amount …

According to the FBI IC3 report, they’ve received around 2600 cybercrime complaints including ransomware-related issues. The annual review of cybersecurity threats coming from the law enforcement agency’s, Internet Crime Complaint Center (IC3), outlines a range of statistics including number of submission complaints received regarding the ransomware. It also includes a breakdown per state. Increasing Bitcoin-related crimes Ransomware is type of a malicious tool that infects one's personal computer and encrypts its data disabling the user from navigating files such as the user's documents. It stops you from using your computer and holds your PC files as “ransom”. A payment is …

A Nigerian group of experts from various fields of science and technology has teamed up to give a new impulse to the crypto industry in the African country. As the global awareness of Blockchain and it's applications continues to spread, the largest black nation in the world has chosen not to be left behind. Who is a CryptoNigerian? Adeolu Fadele, Founder and President of Cryptography Development Initiative of Nigeria (CDIN), tells Cointelegraph that his dream is for every citizen to become a CryptoNigerian. Fadele defines a CryptoNigerian in this manner: “A CryptoNigerian is a Nigerian that has acquired sufficient knowledge …