Cyber criminals cashing in on digital currencies
From: ITProPortal
By Stuart Poole-Robb
In the digital age, money is rapidly evolving into lines of computer code which can easily be hacked, ransomed or stolen by organised criminal gangs (OCGs).
While computerised digital transactions have been instrumental in promoting international commerce and the creation of what is becoming a global economy, they come with a price. The fact that much of the world’s wealth is now stored on computer servers means that this wealth can be stolen or ransomed by cyber criminals. There are also fears that cyber terrorists, possibly state activists in the pay of a foreign power, might simply wipe all records of a significant proportion of the West’s wealth in order to create economic chaos and a financial meltdown.
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