Ransomware has proven to be a major problem for companies both large and small. It can attack your data in a multitude of ways and bring your business operation to a complete halt.

In many instances it can cost hundreds of thousands or millions of dollars to regain access and use of the pirated information.

According to the Chainanalysis 2021 Crypto Crime Report, the total amount paid by ransomware victims increased by 311% in 2020 to reach nearly $350 million worth of cryptocurrency, (the most popular form of payment) and the problem will continue to grow.

Overall the best defense against a ransomware attack is a good offense. Understanding the various forms of ransomware can help a company prepare for an intrusion. Here are some tips to help deal with any type of cybercriminal.

First, for those unfamiliar with ransomware, it is a virus that silently encrypts the user’s data on their computer. It can infiltrate your system and deny access to key information, impeding or shutting down all business activity.

Once the intruder has stolen and encrypted the data, a message can appear demanding an amount of money be paid to regain access to the information. The victim has only a set amount of time to pay the cybercriminal. If the deadline passes the ransom can increase.

Some types of ransomware have the ability to search for other computers on the same network to infect. Others infect their hosts with more malware, which could lead to stealing login credentials. … Read more

Bitcoin is a type of digital currency based on the peer-to-peer network. It was introduced in 2009. What makes this type of currency different from the common currency used is that it is not centralized or dependent on any banking or government authority. However, Bitcoin offers a lot of benefits. For example, it features lower transaction fees than conventional payment mechanisms. Let’s take a look at 4 benefits that you can enjoy if you invest in Bitcoin. Read on to know more.

Multiple Uses

In the beginning, the users of Bitcoin used the currency to perform routine financial transactions without paying a lot of fees. Since then, the currency has been used for many other purposes.

Actually, Bitcoin uses the blockchain technology for facilitating digital transactions. Therefore, all the transactions are verified and validated first. Moreover, all transactions can be viewed online through the database available on the blockchain site.

Aside from this, Bitcoins can be used to trade securities digitally for land titles, insurance claims, and so on. However, it is important to keep in mind that these uses are in their development stages. Therefore, they have not become part of the mainstream yet.

However, the currency has been quite successful. Therefore, it has brought a revolution in the entire industry. According to many researchers, the value of Bitcoin will continue to go up in the future. Therefore, it is a great idea to invest in BTC if you want to earn a great return on your investment.

Expected … Read more

Everyone has heard how Bitcoin and other crypto currencies have made millionaires of those who bought as recently as a year ago. Gains of 1,000% or more are not just possible, they have been common place with many of these crypto currencies. Someone who bought Bitcoin in May 2016 at less than $500, would have had a gain of 1,400% in about 17 months. Then over the past few days, we saw Bitcoin lose almost $1,000, so to say these crypto currencies are volatile would be a massive understatement.

Since the inception of Bitcoin in 2008, we at Trend News have been skeptical of crypto currencies’ ability to survive, given that they present a very clear threat to governments who want to see and tax all transactions. But while we may still be cautious on the actual crypto currencies, we are very aware of the potential of the underlying technology that powers these electronic currencies. In fact, we believe that this technology will be a significant disruptor in how data is managed, and that it will impact every sector of the global economy, much like how the internet impacted media.

Here are some questions & answers to get us started…

Q: What are Crypto Currencies?

The most well known crypto currency (CC) is BITCOIN. It was the first CC, started in 2008. Today there are more than 800 CC’s, including Ethereum, Litecoin, Dash, Zcash, Ripple, Monero, and they are all “virtual”. There are no “physical” coins or currency.

Q: How … Read more

Since virtual currencies have a unique nature, they offer a lot of advantages over traditional currencies. Over the past few years, the world of digital currency is going through a lot of positive changes. There are a lot of cryptocurrencies, but Bitcoin is one of the most popular ones. In this article, we are going to take a look at some of the most prominent advantages of making payment with Bitcoin. Read on to find out more.

1. User Autonomy

For many users, digital currencies allow them a lot more freedom than conventional currency. People can have a better control on how they can spend their money. The good thing is that they don’t have to deal with an intermediary such as the government or bank.

2. Discretion

Another advantage is that things bought with Bitcoin are discrete. Only the user can publish their Bitcoin transactions. Plus, the transactions do not have their name next to them. Apart from this, these transactions are almost impossible to trace back.

As a matter of fact, each transaction has a different Bitcoin address. But that does not mean that these transactions are impossible to trace back. So, if you don’t want to let others know where you have spent your money, you can use cryptocurrencies to make payments.

3. Peer-to-Peer Focus

Another great advantage of the Bitcoin payment system is that it is based on peer-to-peer. In other words, users can receive and send payments without getting approval from any authority. Payments can … Read more

What is Bitcoin?

If you’re here, you’ve heard of Bitcoin. It has been one of the biggest frequent news headlines over the last year or so – as a get rich quick scheme, the end of finance, the birth of truly international currency, as the end of the world, or as a technology that has improved the world. But what is Bitcoin?

In short, you could say Bitcoin is the first decentralised system of money used for online transactions, but it will probably be useful to dig a bit deeper.

We all know, in general, what ‘money’ is and what it is used for. The most significant issue that witnessed in money use before Bitcoin relates to it being centralised and controlled by a single entity – the centralised banking system. Bitcoin was invented in 2008/2009 by an unknown creator who goes by the pseudonym ‘Satoshi Nakamoto’ to bring decentralisation to money on a global scale. The idea is that the currency can be traded across international lines with no difficulty or fees, the checks and balances would be distributed across the entire globe (rather than just on the ledgers of private corporations or governments), and money would become more democratic and equally accessible to all.

How did Bitcoin start?

The concept of Bitcoin, and cryptocurrency in general, was started in 2009 by Satoshi, an unknown researcher. The reason for its invention was to solve the issue of centralisation in the use of money which relied on banks and computers, … Read more

When ‘bitcoin’ is a extremely frequently heard phrase, there are several who definitely know what it is. Though it is a trading system, it is the most various from others for two key causes. For a single, it entails a kind of digital forex that can be transferred easily. What makes it additional one of a kind, nonetheless, is the reality that it does not entail any financial institutions or other official economic establishments. It is just a peer-to-peer program that is impartial and unaccountable. Following are some of the most critical current bitcoin news and highlights:

Anonymity – If you want to have out very simple transactions with no employing your personalized identification and bank account facts, bitcoins make it feasible. All transactions that are carried out are anonymous, until you select otherwise, and are not able to be tracked again to you. For every single transaction, there is an address produced that is exceptional and will never be recurring.

Receiver’s privileges – Compared with most other varieties of buying and selling, bitcoins are irreversible and you simply cannot terminate a payment when you have sent it. If you will have to reverse the transaction, you will have to have the receiver’s consent. Also, the transactions acquire about 10 minutes to finish, compared with other economic transactions that are processed pretty much right away.

Acquiring luxurious merchandise – One particular of the main good reasons bitcoins grew to become well known was the fact that they are ideal for … Read more