Bitcoin Demanding Cybercriminals Hit Over 100 Romanian Hospitals With 'Backmydata' Ransomware Causing Significant Disruptions
Portfolio Pulse from Mehab Qureshi
Over 100 Romanian hospitals have been targeted by a ransomware attack, demanding a Bitcoin ransom of $174,000. The 'Backmydata' ransomware, a variant of Phobos, has caused significant disruptions, with 25 hospitals directly impacted and another 79 taken offline as a precaution. The National Cyber Security Directorate (DNSC) advises against paying the ransom and emphasizes the importance of maintaining secure backups. This incident is part of a larger trend of cybercriminal activities, including those attributed to North Korea, aimed at funding its nuclear weapons program.

February 14, 2024 | 4:16 am
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The ransomware attack on Romanian hospitals demanded a ransom in Bitcoin, highlighting the cryptocurrency's use in cybercrime. This incident may influence public perception and regulatory scrutiny of Bitcoin.
The demand for a Bitcoin ransom in a high-profile cyberattack could negatively impact Bitcoin's reputation, potentially leading to increased regulatory scrutiny. While the direct financial impact on Bitcoin's market might be limited, the association with criminal activities could influence public perception and investor confidence negatively in the short term.
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