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The number of bitcoins is limited to 21 million (Photo: *n3wjack's world in pixels)

Criminals prefer virtual currencies

Criminals are using bitcoins and other unregulated digital currencies as a payment method of choice when blackmailing companies following a data breach.

Belgian-based Buy Way Personal Finance told this website on Tuesday (14 May) that it is attacked on a daily basis.

But its largest threat came in January when a cyber criminal with the moniker Rex Mundi nabbed the personal details of over 500 potential customers and threatened to dump it all onto the net unless the company forked...

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Author Bio

Nikolaj joined EUobserver in 2012 and covers home affairs. He is originally from Denmark, but spent much of his life in France and in Belgium. He was awarded the King Baudouin Foundation grant for investigative journalism in 2010.

The number of bitcoins is limited to 21 million (Photo: *n3wjack's world in pixels)

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Author Bio

Nikolaj joined EUobserver in 2012 and covers home affairs. He is originally from Denmark, but spent much of his life in France and in Belgium. He was awarded the King Baudouin Foundation grant for investigative journalism in 2010.

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