Can Blockchain and Cryptocurrencies Alone Save 2 Trillion in Preventing Cybercrime

Can Blockchain and Cryptocurrencies Alone Save $2 Trillion in Preventing Cybercrime?
Can Blockchain and Cryptocurrencies Alone Save  Trillion in Preventing Cybercrime?

It’s hard not to view cryptocurrencies as the architect of the downfall in internet security. Quantifiable digital assets are now more common than ever online, and represent an increasingly attractive prospect for online fraudsters and hackers.

Forbes has forecast that cybercrime costs could be set to top $2 trillion in 2019, and cryptocurrencies have played a big role in enabling the rise of ransomware attacks that have become much more common today.

In May 2017, ransomware became international news as the WannaCry cryptoworm infected over 200,000 computers in 150 countries worldwide.

Source: Statista

The attack encrypted sensitive data in computers operating on Microsoft Windows and attackers demanded a payment sent...






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