What is Cryptocurrency • Ransom • Canada ?

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Cryptocurrency is a digital or virtual currency that uses encryption techniques to secure and verify transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not controlled by any government or financial institution.

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Rans exchange for the release of a person or property they have taken or for stopping a harmful activity. In recent years, ransom has often been demanded in cryptocurrency, as it offers a more anonymous and secure way of receiving payments. Canada has seen several cases of ransomware attacks in recent years, where hackers use malware to encrypt the victim's data and demand payment in cryptocurrency in exchange for the decryption key.

Cryptocurrency


In some cases, organizations have paid the ransom to regain access to their data, but this is not recommended, as it can encourage further attacks and does not guarantee the safe return of the data. The Canadian government has warned against paying ransoms and encourages organizations to have strong cybersecurity measures in place to prevent and respond to such attacks

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