Digital Mint Helps Companies Recover Quickly from BTC Ransomware.
19 Jul 2021, 08:00
Digital Mint Helps Companies Recover Quickly from BTC Ransomware
Digital Mint is a company that provides tools and funds to companies that have fallen victim to bitcoin and crypto-based ransomware attacks.
Digital Mint Is There to Help with CryptoAccording to security firm Cybersecurity Ventures, a business will fall victim to a ransomware attack every 11 seconds. In recent months, many of these attacks have demanded not cash or standard fiat, but rather bitcoin or other forms of crypto. One of the biggest – and most recent examples – came in the form of the Colonial Pipeline, which was attacked by a hacking group that demanded more than $2 million in BTC.
Some, like this one, wind up recovering quickly. The Colonial Pipeline attack could have been devastating, though the Federal Bureau of Investigation (FBI) ultimately came to the rescue and managed to divert the payment before the hackers could obtain anything significant.