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Tuesday, May 16, 2017

Bitcoin Becomes Media Scapegoat as NSA-Derived Ransomware Hits 99 Countries

Bitcoin Becomes Media Scapegoat as NSA-Derived Ransomware Hits 99 Countries

A global ransomware attack derived from a leaked NSA tool successfully breached into 100,000 computer systems and servers across 99 countries. During the first day of the attack, the focus was set on Bitcoin instead, which had minimal involvement in the ransomware attack, rather than the use of an NSA tool developed using taxpayers’ capital.

On May 12, the WannaCry ransomware began to spread across the world, attacking 75,000 computers in a matter of hours. According to MalwareTech, WannaCry targeted and encrypted 100,000 computers in a period of 24 hours, quickly becoming the largest ransomware attack in history.

The WannaCry ransomware, which is also known as WanaCrypt0r 2.0, infected some of the world’s largest corporations and organizations including the National Health Service (NHS) hospitals in the UK, FedEx and Telefonica. The malware targeted a wide range of industries including the education industry.

As a result, companies weren’t able to carry out operations and hospitals across the UK struggled to serve patients as their databases and servers became encrypted.

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