A Hollywood hospital acknowledges paying ransom to unlock data seized by attackers. But while experts generally caution against paying extortionists, some organizations do indeed fold under the pressure to get their critical data back quickly.
Tracing bitcoin transactions, some security experts suspect multiple gangs have each amassed more than $1 billion, making them the equivalent of "unicorns" - a term venture capitalists apply to extremely successful startup firms. In case there was any doubt, cybercrime really does pay.
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