South Koreans paid as much as $2.5 million in ransomware payments over the last two years

South Koreans paid as much as $2.5 million in ransomware payments over the last two years

http://www.firstpost.com/tech/news-analysis/south-koreans-paid-as-much-as-2-5-million-in-ransomware-payments-over-the-last-two-years-4404523.html

South Korea has been hit by ransomware disproportionally. In the last 2 years, the country has paid about $2.5 million was paid towards ransomware. Ransomware has become quite a common form of attacks these days especially in large corporation and government settings. They encrypt and hold certain files in the storage and demand payment in exchange of unblocking the systems. The article says that ‘Ransomware operators used a Russian bitcoin exchange, BTC-E, to convert bitcoin to fiat currencies’