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Stories of Interest
- Address at ICI's 2017 Securities Law Developments Conference - SEC Commissioner Stein
- New York Pension Fund Seeks More Pay Disclosure from Wells Fargo
- Wells Fargo Sanctions Are on Ice Under Trump Official
- Josh Brown: Here's How to Buy Bitcoin, But Realize It Could Be One Giant Bubble
- Trump's New Tax Plan Could Cost Citigroup $20 Billion
- Morgan Stanley Fires Former Congressman Harold Ford Jr.
- Al Franken Will Resign Over Sexual Misconduct Allegations - His Full Resignation Speech
- Ex-NFL Player Gets 40 Years for Running $10Mn Fraud
- Bitcoin Blows Past $15K, Adding $2K in Under 12 Hours
- Financial Adviser Settles Charges for Defrauding Private Equity Fund Investors
- New Cross Market Equity Supervision Report Cards - FINRA Phone-In Workshop, WebEx Presentation
- Mueller Just Crossed Trump's Red Line, With Deutsche Bank Subpoena
- Wildfire Rages Near Los Angeles
- Former Company Insider Has $4.1Mn Payday as a Whistleblower
- Audit Firm, Anton & Chia, Conducted Fraudulent Audits of Penny Stock Companies - SEC
- Mueller Subpoenas Deutsche Bank Records on Trump and Family
- Bitcoin Nearly Halfway to $400Bn Value Predicted by Winklevoss Twins 4 Years Ago
- Fidelity Clients Suffer Second Website Glitch in Week
- CBOE Beats CME to Bitcoin Futures Launch with December 10 Start
- McKinsey Senior Exec Thomas Barkin Named New Head of Federal Reserve Bank of Richmond
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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!