How Blockchain Could Prevent the Next Major Cyber-Attack

PMBC’s client Oracles Network featured on The International Business Times.

The recent malicious ransomware attack dubbed “Bad Rabbit,” which locked users’ computers across the globe and demanded money to retrieve files, is likely to continue spreading to unprotected systems. The Times reported that less than half of all major anti-virus programs currently detect this type of ransomware attack.

This is just one of many recent cyberattacks that threaten people all over the world, and they are on the rise. Gemalto, a global database of public data breaches, found that the number of lost, stolen or compromised records increased by a staggering 164 percent since last year. Mobile ransomware alone has risen by over 250 percent during the first quarter of 2017, reported Kaspersky Lab a global cybersecurity company.

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