80% of Companies Interested in Bitcoin Transactions

Another survey has revealed that the business world is desperate to start using Bitcoin to save transaction costs and reduce dependence on deep-rooted systems. However, many companies are still worried that holding Bitcoin will make them the target of hackers.

Survey Say Yes to Bitcoin

International Security Council Neustar, a global forum of cyber security experts launched by Neustar, Inc. (NYSE: NSR), has expressed a strong willingness to open up to the energy sector within the business sector. a survey found that 80% of companies have an interest in using cryptocurrency for transactions. In addition, 48% of survey respondents said that the use of cryptocurrency could be a way for their businesses to generate revenue through increased value.

On the downside, 80% of respondents are concerned about an increased risk of DDoS attacks if known to contain Bitcoin, and 26% say there is a greater business risk due to the crypto used for raids. in the past month that despite security fears, 50% of large UK businesses already have cryptocurrency stocks for various reasons.

Cyber ​​Criminals Implementing Ransomware to Extend Bitcoin

It seems that one of the main concerns of business using Bitcoin is that it will attract the attention of hackers by using sophisticated attacks like ransomware. rodney Joffe, Head of NISC and Neustar Senior Vice President and Fellow, said: "Ransomware attacks and DDoS attacks continue to be perceived as a major threat to the company due to the volume, complexity and extent of large attacks. which says, is not too far behind as the second biggest concern for businesses moving forward is the financial threat. "

"Armed with many tools, such as compromised IO devices, it's likely we'll see hackers harnessing ransomware attacks and DDoS attacks to cause major disruptions. at the same time, we may see them focusing on the theft of large amounts of financial data, which may include traditional currency, or an increasingly popular crypto like Bitcoin. by developing more cohesive security strategies, organizations can hone their most vulnerable data, processes and models, protect their critical information in the short and long term, "Joffe added.