Why The U.S. Is So Vulnerable To Ransomware Attacks

CNBC published this video item, entitled “Why The U.S. Is So Vulnerable To Ransomware Attacks” – below is their description.

U.S. recently faced a series of ransomware attacks on critical infrastructure like the Colonial Pipeline, the city of Tulsa, and JBS, the worlds largest meat producer. Ransomware, a program that hackers use to hold digital information hostage, has become the top choice of malware for criminals. In 2020, the total amount of ransom paid by the victims reached nearly $350 million worth of cryptocurrency, most of them in bitcoin. So what led to the rise of ransomware in the U.S. and what makes it so difficult to fight?

CNBC YouTube Channel

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Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software. Bitcoin was the first decentralized cryptocurrency.

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