Why Does Ransomware Use Bitcoin?

Tom LeNeave

Ransomware Explained

Bitcoin is the payment of choice when it comes to ransomware demands. Why is that? Alagen’s Sr. Security Consultant Tom LeNeave explains how the anonymity of this form of payment makes it the most common choice of cyber criminals.

– Bitcoin is a method of payment that can anonymize the recipient.
– When you pay a ransom via bitcoin, law enforcement won’t be able to trace the attacker.

Ask an AlaGENIUS: More Ransomware FAQs

Tom shares the primary components of this financially-motivated type of attack.

Learn how ransomware spreads as explained by a security pro.

Trey clarifies if ransomware attacks are data breaches.

Protect Your Company from Ransomware Attacks

Alagen has helped organizations of all sizes become ransomware resilient. Guided by established best practices, our Ransomware Resilience Planning service focuses exclusively on ransomware prevention, containment and recovery. Efficiently assessing your strengths and weaknesses, our experts forgo extensive (and time consuming) discovery and documentation to quickly deliver what matters most — prescriptive guidance to decrease your likelihood of a ransomware victimization.

Alagen Cybersecurity Solutions

Alagen is a 100% security services firm with consultants nationwide. A comprehensive partner across the full security lifecycle, Alagen assists with strategic advisory (including CISO as a service), threat + vulnerability management, architecture + integration, and managed services. Unlike many consultants, Alagen is not a reseller. Instead, Alagen pairs deep expertise with a customer-oriented approach that finds the solutions that best address the unique security challenges of each client.

Please explore our website or contact us to learn more about how we can help improve your cyber security.

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