London banks are preparing for cyber attacks by stockpiling Bitcoin in case of ransom payments

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Image Source: Article

THE threat of debilitating attacks launched by hackers has become so concerning that financial institutions in London are reportedly stockpiling Bitcoin to pay off potential ransom demands of cyber criminals.

On Friday in the US, a number of major sites including Netflix, Spotify, Reddit and Twitter were affected by a large-scale distributed denial of service (DDoS) attack causing them to become unavailable to users.

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