Hackers Threaten Banks with More Attacks, Demand Bitcoins

Bank of China and Bank of East Asia have reportedly experienced hackings on their websites. The perpetrators later sent e-mails threatening more attacks unless the banks pay up, in bitcoins.

Both banks reported distributed denial of service (DDoS) attacks, affecting the performance of their websites. The banks said that customer service was not affected and that no sensitive data was compromised.

The Cybersecurity Cybersecurity Cybersecurity is a blanket term that refers to the protection of computer systems and networks from the theft.More broadly speaking, cybersecurity can also represent countermeasures against damage to hardware, software, or electronic data, as well as from the disruption or misdirection of the services they provide.It was not long ago that the term cybersecurity not exist as it was first used in 1989. In today’s vernacular cybersecurity, refers to measures taken to protect a computer or computer Cybersecurity is a blanket term that refers to the protection of computer systems and networks from the theft.More broadly speaking, cybersecurity can also represent countermeasures against damage to hardware, software, or electronic data, as well as from the disruption or misdirection of the services they provide.It was not long ago that the term cybersecurity not exist as it was first used in 1989. In today’s vernacular cybersecurity, refers to measures taken to protect a computer or computer Read this Term and Technology Crime Bureau is investigating the attacks, which are believed to have originated from multiple countries.

Bank of China is one of China's "Big 5" state-owned banks. Bank of East Asia is Hong Kong's third largest bank. The Hong Kong Monetary Authority has requested that banks submit reports of the attacks.

Most of the 29 DDoS attacks reported to police last year targeted either government, public institutions or media websites.

The anonymous nature of Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term has made it a popular medium for extortionists looking to avoid apprehension by authorities. In most cases, victims have refused to cave into demands. However, victims have had no choice in some cases of ransomware attacks, where failure to comply can result in the loss of critical files.