By concealing identities, cryptocurrencies fuel cybercrime
- Written by Ari Juels, Professor of Computer Science, Jacobs Technion-Cornell Institute, Cornell Tech, and Co-Director, Initiative for CryptoCurrencies and Contracts (IC3), Cornell University
Can criminals use cryptocurrency to hide their identities and activities?Elnur/Shutterstock.comWhen hackers hold their victims’ data for ransom, as happened in the WannaCry and NotPetya ransomware attacks that spread across the globe in mid-2017, a key to the criminals’ success is getting away with the money. That often means they use...
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