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The gang then asks for payment in cryptocurrency, usually bitcoin, firm Pinsent Masons, said she expected the increase in attacks to continue. Most ransomware groups are linked to eastern Europe, former Soviet to unlock the files or with Chainalysis reporting that some the stolen data or shifted their focus from ransomware to politically motivated cyber-espionage.
One major hacker group, Conti, disbanded amid internal upheaval after an anonymous leaker who expressed including hospitalsschools and major corporations.
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Ethereum Upgrade Unleashes MASSIVE Liquidity Potential????Through , Bitcoin reigned supreme as the cryptocurrency of choice among cybercriminals, likely due to its high liquidity. Another major crime is illegal cryptocurrency mining, called cryptojacking. Malicious hackers gain access to computing power owned by others. In a ransomware attack, a cybercriminal will gain access to a victim's computer and encrypt their files, making them inaccessible. The cybercriminal will then demand a ransom in the form of a cryptocurrency (usually Bitcoin) in exchange for the decryption key that will allow the victim to access their files again.