Bitcoin taken as scapegoat as NSA-Derived ransomware hits 99 countries

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[Report]–The Bitcoin cryptocurrency has been blamed following the recent ransomeware attacks that has affected servers across the globe.

A global ransomware attack derived from a leaked NSA tool successfully breached into 100,000 computer systems and servers across 99 countries.

On May 12, the WannaCry ransomware began to spread across the world, attacking 75,000 computers in a matter of hours. According to MalwareTech, WannaCry targeted and encrypted 100,000 computers in a period of 24 hours, quickly becoming the largest ransomware attack in history.

The WannaCry ransomware, which is also known as WanaCrypt0r 2.0, infected some of the world’s largest corporations and organizations including the National Health Service (NHS) hospitals in the UK, FedEx and Telefonica. The malware targeted a wide range of industries including the education industry.

As a result, companies weren’t able to carry out operations and hospitals across the UK struggled to serve patients as their databases and servers became encrypted.

On May 13, Russia Today (RT) further revealed that computers at Russia’s Interior Ministry and the country’s largest telecommunications company Megafon also fell victim to the WannaCry ransomware.

In an interview with RT, Megafon spokesperson Pyotr Lidov stated that “the very virus that is spreading worldwide and demanding $300 to be dealt with has been found on a large number of our computers in the second half of the day today.”

Bitcoin is however being blamed because the WannaCry ransomware demanded victims to pay ransom in Bitcoin in order to receive decryption keys to regain access to their encrypted files. Some major media outlets including the New York Times blamed Bitcoin for the WannaCry ransomware attack, emphasizing the “anonymity” of Bitcoin.

In reaction to the claim, CoinTelegraph, a news platform dedicated to reporting on Cryptocurrencies has said that Bitcoin should not be blamed in ransomware attack solely because Bitcoin was the currency of choice for the ransom payments. If it wasn’t for Bitcoin, the criminals would have used other methods that are much harder to track and trace.

Recall that About 100 countries have reported a cyberattack that  has infected tens of thousands of computers and especially disrupted Britain’s health system and global shipper FedEx last week.

Cyber extortionists tricked victims into opening malicious malware attachments to spam emails that appeared to contain invoices, job offers, security warnings and other legitimate files.

The ransomware encrypted data on the computers, demanding payments of $300 to $600 to restore access.

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