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Cited as the most disruptive form of cybercrime facing Canadians, ransomware is being deployed by cybercriminals at an alarming pace and growing in sophistication. With machine learning becoming the norm in consumerservice and data analytics, cryptocurrencies and decentralized financing are prime targets for cyber threat actors.
Finally, negotiations with the victims may be handled by yet another team and when the ransom is paid out, a whole new set of skills is needed to launder the cryptocurrency obtained. They interact with each other through internet handles, paying for services with cryptocurrency. Monero (XMR) cryptocurrency is used for payment.
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