Cybercrime is on the rise. That may come as a shock, given what we know about technology, and all those warnings about how to spot phishing emails. But as tech savvy as you think you may be, a scammer is always aiming to be one step ahead. So how about adding a little cryptocurrency into the mix? Bitcoin ransoms are costing Canadians tens of thousands of dollars each year. Who are the victims of this latest form of cybercrime? Who's behind the threats? How do you even begin to negotiate a ransom involving Bitcoin? What if you don't even know what Bitcoin is?
Kyle Edwards of Maclean's shares two recent cases of Bitcoin ransom - one involving a mattress store, the other involving an entire beach town. He explains why we don't hear more about these cases, and what police forces across the country are doing to tackle them.