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Stories of Interest
- New Cyberattack Goes Global, Hits WPP, Rosneft, Maersk
- Deutsche Bank Said to Lose as Much as $60Mn Over Derivative Trade
- Dimon Says JPMorgan Headcount to Keep Rising Despite Automation
- RBS to Cut 443 Jobs In UK, Move Many of Them to India
- Deutsche Bank Bullish on London Despite Brexit
- Supreme Court Nears Finish With Big Cases, Retirement Rumors
- The Richest Person in Every State
- LPL Tabs Scott Seese, Former eBay Exec, as Chief Information Officer
- Fired Biglaw Associate Arrested for Trying to Extort Partners
- Canada's CIBC Completes $5Bn PrivateBancorp Buy
- Word ‘Women’ Literally Never Appears in U.S. Senate’s 142-Page Health-Care Bill
- Stephen Pierce, Goldman Sachs Global Head of Equity Markets, To Retire
- Al Gore 'Not Very Smart,’ But Became Filthy Rich Using Simple Investing Formula - Charlie Munger
- U.S. Regulators, Lawmakers Support Volcker Rule Revamp at Hearing
- Morgan Stanley Opts for Frankfurt as New EU Hub
- A New Risk for Goldman, Morgan Stanley in Stress Tests (subsc reqd)
- A Trump Bump for Law Firm of President’s Lawyer - Kasowitz Benson Torres
- JPMorgan, BofA, Goldman, Citi, Wells Fargo Pass Fed's Stress Test
- Blackstone Stock Still Trading at $31 - Its IPO Price From 10 Years Ago
- NJ Resident and NY-Based Global FX Club Charged with Solicitation Fraud, Misappropriation - CFTC
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NEWSLETTERS & ALERTS
Welcome to 'Popcorn Time' - Ransomware Version of a Ponzi Scheme
You receive a pop-up message that your computer has been hacked and is being held hostage. To regain access to your computer, you can either make a ransom payment of one bitcoin - worth today around $2,850 - or you can try and infect 2 new people on behalf of the attackers.
According to the NYTimes, cybersecurity experts refer to this new form of payoff, which began late last year, as "Popcorn Time ransomware." So marks the first Ponzi scheme for one of the oldest, and most prevalent, forms of cyberattacks.
Talk about growth industries. In 2016, cyber criminals took in some $1 billion. [It's probable that the figure is way higher - given the numbers of victims who never report hacking incidents.] Imagine what that number will reach in 2017 - especially given the meteoric rise in the bitcoin market!