Internet of Things

The note demands for ransomware in the form of the popular cryptocurrency, Bitcoin.

Bitcoin is the preferred mode of payment because it is safer for cybercriminals as it is hard

to track down the transactions in its network. Many ransom notes also include a guide for

payment; like how to register a cryptocurrency account online and successfully send it to a

remote account.

The ransom demand can begin from $50 to $1000 on average. In extreme cases, it has

known to go as high as $50,000. The ransom demand is determined by the hackers after deter-

mining the quality of the hacked data. For instance, if they get hold of the login credentials or ...