Connecticut's West Haven City Council Agrees to Pay a $2,000 Bitcoin Ransomware Demand

    Connecticut’s West Haven City Council Agrees to a $2,000 Demand to get rid of a Ransomware

    Connecticut’s West Haven City Council has paid a whopping $2,000 in bitcoin to cyber criminals in order to get rid of a malware. They had to make a key decision to make the payment in order to resolve the ransomware issue that was threatening to cripple their systems.

    Ransomware Originated Outside the U.S.

    When the issue of ransomware was confirmed, the city officials reported it to the Homeland Security, which began investigations immediately, determining that the attack originated from outside the U.S. Although specifics to the malware wasn’t released, it’s was evident that about 23 servers in the City Council were affected, which paralyzed their operations. The malware could have been distributed using email attachments, social media, downloadable links, or other common forms used by cyber criminals.

    Cryptocurrencies Becoming a Safe Haven for Cyber Criminals

    Cryptocurrencies, especially bitcoin, have become attractive to cyber criminals largely because of their anonymous nature. Most crypto transactions are usually untraceable, and cannot be linked to a particular identity. As such, culprits have been asking for ransom in terms of crypto to prevent themselves from being detected or apprehended.

    This case of West Haven City Council isn’t the first. There are many others that have been reported since the inception of cryptocurrencies. ONWASA is one of the most recent cases where cyber criminals decided to ask for money in terms of crypto to remove a malware on their systems, but the company made a crucial decision not to pay a cent.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Bitcoin Exchange Guide News Team
    B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


    Please enter your comment!
    Please enter your name here


    Live Bitcoin Price & Latest BTC Chart News

    Today's Latest Crypto News

    Uzbekistan Gov't And Cardano’s Emurgo Partner On Blockchain Task Force For STO Regulations

    Emurgo, Cardano’s blockchain commercial wing, has inked a partnership deal with the Uzbekistan government to help with setting up a task force which will...

    Binance Adds 2nd Fiat To P2P Trading Platform, Vietnamese Dong VND-To-Crypto Now Open

    Binance crypto exchange announced the second fiat currency on their peer-to-peer (P2P) platform on Monday, January 20, 2020. The Vietnamese Dong (VND) was...

    Fed’s “Not” QE Pushing Dow and S&P 500 to ATH makes Investors Nervous, Driving them into Bitcoin

    Buy Bitcoin today while the US Stocks markets stay closed in observance of Martin Luther King Jr. Day Federal Reserve Chairman Jerome Powell might...

    Crypto Payment Processor BitPay Adds XRP Support On Apple iOS And Android

    BitPay, a crypto payment service which provides users a wallet as well as gift cards which can be bought using different coins, is now...

    $7 Trillion AUM Giant Fidelity Posts Job Opening For Bitcoin Mining Engineer

    Fidelity is looking to expand operations and as a result, is hiring a Bitcoin (BTC) mining engineer to help with the design, maintenance, and...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.