There are numerous correlations between cryptocurrency and criminal activity. This trend has been apparent for years and only seems to grow bolder every quarter. A group of individuals who kidnapped the wife of a wealthy Norwegian now demands a ransom in Monero. More specifically, they want to obtain 9 million euro worth of Bitcoin. A rather disturbing development for all parties involved.
A Major Monero-related Kidnapping
It is not uncommon for criminals to try and obtain illicit cryptocurrency payments.
Rather than waiting until it’s too late, law firms are opening up bitcoin wallets to pay ransoms in case their data is stolen, according to a cybersecurity expert.
John Sweeney, president of IT and cybersecurity advisors LogicForce, said that law firms are taking proactive steps rather than reactive steps. However, while he doesn’t necessarily agree with paying ransoms, he said that it ‘makes sense’ to be prepared, reports Business Insider.