Cencora Pays $75 Million Bitcoin Ransom: A Dark Reality for Crypto
Cencora, a leading pharmaceutical company, was hit by a ransomware attack and reportedly paid a staggering $75 million in Bitcoin to recover their systems. According to Bloomberg, this is one of the most significant ransomware payments in history. The attack highlights the increasing use of cryptocurrency in cybercrimes, raising concerns about its security and regulation. As Bitcoin continues to gain popularity, its anonymity and decentralized nature are being exploited by criminals, putting industries at high risk.
What’s Next for Crypto Security?
With ransomware attacks on the rise, this case sparks debates about stricter regulations for Bitcoin transactions, especially in cases of criminal activity. Cybersecurity experts are calling for more robust protocols and industry-wide cooperation to prevent such incidents.
