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Why ransomware use bitcoin?

Ransomware attacks use bitcoin because it increases anonymity and is a less traceable form of currency. It is also a highly accessible form of digital currency. By decreasing the ability for law enforcement to track and identify where ransomware payments go, ransomware attackers can more easily perpetrate successful attacks.  

Proven Data ensures that payments are never made to nefarious threat actors by diligently following compliance standards like the Cyber-Related Sanctions Program enforced by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC). 

Following these guidelines includes screening bitcoin wallets, IP addresses and email addresses to verify payments are not made to sanctioned entities. 

Adhering to these sanctions can sometimes inhibit the ability to recover your files, but safety and security must always be a top priority.

To help law enforcement track and identify ransomware crime, you should always report your ransomware attack to authorities.