by Gregor Wegberg

It happens quite often that private individuals or companies receive different types of extortion letters via various digital communication channels, first and foremost by email. Companies are threatened, for example, with a distributed denial of service (DDoS) or the compromise of their website and the theft of trade secrets as a result. Allegedly, only paying a certain amount of Bitcoins to a wallet (comparable to a bank account) can protect the company from such an attack.
[read the German article]