![]() ![]() This new digital innovation does bring interesting and modernizing ideas to the old concept of money but it also empowers those who wish to make untraceable transactions across the globe. The key factors that make this a game changer and the Cryptolocker virus possible is that its administration is completely decentralized which enables its next prominent feature, that of anonymity. Whats more, the files can only be decrypted by paying a ransom using a modern online currency called Bitcoin.Ī new digital currency has emerged in the past 5 years called Bitcoin. ![]() All the files on the source computer and all the files on the server are encrypted rendering them useless. Here is when you are informed that your company has been hit by the "Cryptolocker" virus. The next logical step is to contact your IT staff to look into the issue hoping it is a simple fix related to some botched Microsoft update. ![]() Following which, other employees start sending in reports similar to what you are experiencing. NEXT, you begin to open a report you were working on and it too does not open due to the same error. This sort of issue occurs from time to time as computers and data storage are failable. Imagine you sit down at your computer Monday morning, you double-click to open the important spreadsheet that calculates your business revenue when you receive an error that MS Excel cannot open this file because it is corrupt. ![]()
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