The murky ecosystem of ransomware payments comes into focus in new research led by Damon McCoy, an assistant professor of computer science and engineering at the NYU Tandon School of Engineering. (sciencedaily.com)
Key findings include the discovery that South Koreans are disproportionately impacted by ransomware campaigns, with analysis revealing that $ 2.5 million of the $ 16 million in ransomware payments tracked by the researchers was paid in South Korea. (sciencedaily.com)
In the case of bitcoin, it's by far the biggest with a market cap of around $ 11 billion, but its core use case is still for sketchy stuff, such as ransomware payments or buying drugs on the Internet. (fortune.com)