Bankruptcy proceedings began today for the Mt. Gox bitcoin exchange, a move that was widely expected after the Tokyo District Court decided earlier this month that the company would not be able to resurrect itself.
A massive cyber attack from unknown sources that has been spamming bitcoin exchanges is highlighting some of the dangers people can encounter when they exchange cash for digital currencies like the bitcoin, experts said on Wednesday.
Warning against the threats posed by ransomware such as Cryptlocker, AVG Technologies Australia security advisor Michael McKinnon has reportedly said that the emergence of such sophisticated modern malwares can result in scams and scoops.
The British government has issued an unusually stark warning about a cyberscam that locks users out of their computers unless they pay a ransom, saying that tens of millions of people may soon be targeted.