Which countries are the most vulnerable to the power of bitcoin?
The global power of cryptocurrency could be in question after a spate of hacks and cyberattacks hit several banks and businesses, with the US National Security Agency being the most prominent culprit.
Bitcoin is a digital currency that has surged in value over the past year, with its value doubling in value every month since January.
The cryptocurrency has been widely blamed for the recent hacks of major companies, and some US lawmakers have said that the government could regulate the digital currency as a financial instrument.
But in a new report by the US Office of Technology Assessment, a non-profit group that tracks innovation, the number of people affected by cyberattacks rose to 1.7 billion people worldwide, with most of the damage being caused by ransomware.
The report said that ransomware, which is designed to steal money and credit card data, has become the biggest threat to financial institutions and other businesses.
“Ransomware has been the single largest cause of loss of life and injury to consumers, businesses, and governments since 2015,” the report said.
“It is also the main cause of increased cybercrime and economic loss worldwide, particularly in the Western Hemisphere.”
In 2017, ransomware attacked banks and financial institutions in the US, Germany, and the UK.
In the report, the US Department of Justice’s Cybersecurity Division reported that ransomware was responsible for more than $4 billion in economic losses, with a record number of attacks in the past few months.
According to the report the ransomware attack rate has risen from 1,735 attacks in October to 2,913 attacks in November.
The total number of infections and losses reached $4.8 billion, up from $3.5 billion in October.
A spokesman for the Office of the Director of National Intelligence said in a statement: “The Department is concerned about cyber attacks, which are used to spread malware and steal private financial and personal data.”
The report was based on the Global Threat Matrix, a database of information on cyber threats developed by the security firm ThreatConnect.
It said that in 2017, cybercrime cost the US economy $3 trillion, with $3 billion of that being caused directly by ransomware attacks.
The UK’s cyber security regulator, Ofcom, said in January that cybercrime accounted for $6 billion in losses.
According the report by US intelligence agencies, ransomware attacks have caused more than 60 million losses and more than 20 million economic losses to date.
The majority of the cyber attacks were perpetrated by China and Russia, which the report estimated accounted for the majority of ransomware attacks in 2016.
Ransomeware attacks were responsible for a record $5.6 billion of economic losses in 2016, with China accounting for the vast majority of attacks, the report showed.
Cybersecurity experts said the recent spate of ransomware-related hacks and attacks should prompt regulators to regulate the cryptocurrency as a security instrument.
“There’s definitely a growing consensus that cryptocurrencies should be regulated as a currency,” said Ryan Sullivan, CEO of cybersecurity company Kaspersky Lab.
“Cryptocurrencies are a really interesting way to generate revenue in the digital world.
There are no regulations on the amount of cryptocurrency you can hold in your wallet.
It’s all in the eyes of the law.”
In addition to the recent attacks, cyber security experts said that attacks by Russian government agencies and their allies were also increasing, with more than 3,400 attacks reported in 2017.