the roles of cryptocurrencies such as bitcoin in the growth of cyber extortion involving ransomware

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Min 1600 words.

The roles of cryptocurrencies such as bitcoin in the growth of cyber-extortion involving ransomware.

Your paper is expected to cover the following:

  1. Recent growth in ransomware and cyber-extortion with some examples
  2. Why cyber-extortionists demand that ransom be paid by cryptocurrencies such as bitcoin
  3. What types of victims are likely to comply with cyber-extortionists demand to pay ransom with bitcoin?
  4. Assume that you are the CEO of a bank. All of your bank’s files have been encrypted by cybercriminals. You received an email from the cybercriminals that they will decrypt the files only if you pay $30,000 by bitcoins. How would you respond? Why

Your analysis is expected to be about 1,600 words in length excluding the references. Please cite all the sources of your information.