Over the past few months notorious hacking groups have targeted financial institutions, large tech corporations and popular web platforms like Ashley Madison and the Bank of China. The attacks ranged from a series of DDoS attacks to severe data breaches, leading to the loss of sensitive user data.
These hackers often prefer bitcoin as their main medium of payment, due to its peer to peer decentralized ledger, which enables instantaneous transactions and asset settlement.
With the use of various scramblers and dark wallets, hackers can easily produced hundreds of addresses, and distribute the funds anonymously, requiring months of intense investigation to actually derive the origin of the transactor.
In early 2015, the infamous DD4BC started targeting financial institutions with long-term DDoS attacks, disabling corporate websites, banking systems and databases for as long as 48 hours, costing banks around US$100,000 per hour to deal with the bandwidth consumed by a DDoS attack. For the full article click here
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