• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Coinbase Seeks US Approval to Launch Tokenized Stocks, Details
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Coinbase Seeks US Approval to Launch Tokenized Stocks, Details

Law Firms are Opening Bitcoin Wallets in Anticipation of Potential Ransomware Attacks

Ashour Iesho
by Ashour Iesho
7 years ago
·
Posted in News, Bitcoin, Bitcoin Wallet, News teaser
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

With the recent rise of ransomware attacks targeting corporations worldwide, law firms are taking what many are deeming ‘appropriate’ preemptive security measures.


WannaCry 2.0

WannaCry 2.0

In the last couple of years, many corporations and businesses have been affected by ransomware, malware and other hacking attacks. This year hackers were able to successfully attack several big corporations and government agencies. In May 2017, hackers were able to infect hundreds of thousands of computers with an advanced malware called ‘WannaCry’. According to cybersecurity experts, the hackers were able to infect over 300,000 computers worldwide. The countries that were the most affected by the attacks were Russia, Taiwan, and Ukraine, however, the attack was also able to infect western countries.

In Germany, the biggest railway operator Deutsche Bank was also a victim of the WannaCry ransomware. The British National Health Service was also one of the major victims of the WannaCry ransomware. WannaCry was able to slip into computers through phishing attacks and malicious files that users downloaded. The advanced ransomware is able to completely encrypt the hard drives of the computer that it infects. After the ransomware successfully encrypts the hard drives and all files, it will ask the victim to pay a ransom in Bitcoin in order to decrypt the hard drive and make accessible again for the victim. IT experts are warning users not to pay the ransom since there is no guarantee that the hard drive will actually decrypt after the ransom was paid.

Prepared for the Worst but Hoping for the Best

Prepared for the Worst but Hoping for the Best

After the devasting WannaCry attack, many corporations and government agencies took major steps in order to upgrade their cybersecurity infrastructure. According to a recent article by Business Insider, several law firms are preemptively preparing for such attacks by opening up Bitcoin wallets.

The president of cybersecurity and IT of LogicForce, John Sweeny, stated that LogicForce will soon open a Bitcoin wallet, in case they become victims of ransomware. Sweeny also stated following regarding the whole situation:

We are predicting there are going to be more sophisticated attempts to intrude at firms that work with highly visible clients whose IP or business information is extremely valuable,

IT experts are advising big corporations and government agencies to invest more in cybersecurity and be more careful with the software that they install in their networks.

What are your thoughts on the WannaCry attack? Do you think that more law firms should open Bitcoin wallets in order to pay the ransom on time? Let us know in the comments below!


Images courtesy of Pixabay

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Ashour Iesho

Ashour Iesho

Follow

Full Profile

Related Posts

Bitcoin

War Worries, Bitcoin Gains: Strategy Adds $1 Billion To Treasury

11 hours ago
Bitcoin

Bitcoin Risks Testing This Critical Support As Bullish Strength Wanes

1 day ago
Bitcoin

Bitcoin Golden Cross Suggests Potential Surge To $229,000 – Details

1 day ago
Bitcoin Mirrors Gold’s Path – Analyst Sets Cycle Top Targets At $160K-$180K

Bitcoin Mirrors Gold’s Path – Analyst Sets Cycle Top Targets At $160K-$180K

2 days ago
Bitcoin

Double Bullish Pattern Tips Bitcoin For $167,000 Target – Analyst

2 days ago
Bitcoin bull

Time To Long Bitcoin? Market Expert Reveals When $600,000 BTC Will Happen

3 days ago
Please login to join discussion

Premium Sponsors

Press Releases

  • bowminer

    Shocking! Bow Miner cloud mining income revealed: XRP earns...

    2 hours ago
  • LandDAO to Bring Land NFTs Backed by Real-World Assets...

    2 hours ago
  • Binance user reveals: How to earn $8,200 a day from XRP...

    3 hours ago
  • The most trusted high-yield cloud mining one-stop platform...

    4 hours ago
  • Seeking stable returns amid Bitcoin(BTC) volatility...

    4 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.