Ransomware is a type of malicious software that encrypts a user’s data, making it inaccessible until a ransom is paid. Cybercriminals often demand payment in cryptocurrency, such as Bitcoin, due to its anonymity and difficulty in tracing transactions.When a device is infected, the ransomware typically displays a message demanding payment within a specified timeframe. If the victim does not pay, their data may be permanently lost or released publicly.Using cryptocurrency for ransom payments allows attackers to operate with less risk of detection. Victims may feel pressured to pay quickly, fearing potential loss of important files or sensitive information. Despite the temptation to pay, experts advise against it, as there is no guarantee that the attackers will restore access or refrain from future attacks. Prevention methods, such as regular data backups and robust security measures, are crucial in mitigating ransomware threats.

Circle Launches Payments Network to Advance Stablecoin Use in Global Transfers
Circle, the issuer of the USDC stablecoin, announced on May 21 the launch of its Circle Payments Network (CPN) on the