Tag: Bitcoin

Are Bitcoin’s Days as the Ransomware Payment of Choice Numbered?

6/11/21

By: Alexia Roney On May 7, 2021, the CEO of Colonial Pipeline found himself in a position far too common for American companies: a cyberattack had crippled his company’s IT system and shuttered his business until a ransom was paid. As gas shortages rippled across the Southeast, the CEO paid $4.4 million in Bitcoin to…

Insuring Cryptocurrency: Where Insurers Fear to Tread

3/10/21

By: Alexia Roney When Janet Yellen, U.S. Treasury Secretary, called Bitcoin “extremely volatile” on February 22, 2021, the market proved her point as the cryptocurrency dropped a sixth of its value the next day. Yet, the cryptocurrency market, now worth nearly a trillion dollars, will continue to draw in the investors. So, is there insurance…

Twitter Hack and the Lessons it Leaves Behind

7/21/20

By: Courtney Mazzio Twitter fell victim to a major cyber attack on Wednesday, July 15, when the accounts for some of the world’s most recognizable public figures, executives and celebrities starting tweeting out links to bitcoin scams. The first public signs of the intrusion came around 3 PM EST, when the Twitter account for the…

More Money Can Mean More Problems: The Evolution of Coverage for Cryptocurrency

9/20/19

By: Danny Walsh and Isis Miranda Businesses, governments, and non-profits across the globe are implementing projects that leverage blockchain, a digital ledger technology, to improve their operations. Cryptocurrency is one of the more controversial uses of blockchain technology. Although Bitcoin is the most dominant cryptocurrency, there are approximately 2,600 cryptocurrencies valuing over $260 billion. As…