Reports emerged that hackers have demanded bitcoin as ransom from users of vulnerable cameras sold by Amazon and its subsidiary Ring. 

Bitcoin is constantly being used as a means of extracting payment, blackmailing people, and demanding ransom in exchange for data.
Ransomware attacks are ones, where hackers infect users’ devices, encrypt their files, and then demand a bitcoin payment in order to grant the victim a decryption key. In some cases, these attacks can be extremely damaging, which was seen when ransom seeking hackers locked 10 years’ worth of government data in Argentina and demanded Bitcoin in order for the files to be returned.
However, the more recent misuse of bitcoin in this way was reported as part of a lawsuit against Amazon and its subsidiary, Ring.
Hackers Demand Bitcoin Ransomware from Ring Camera Users
According to a lawsuit against Amazon and Ring, the two companies are being sued for $5 million after they sold vulnerable cameras to their users. Apart from the plaintiff, Alabama’s John Baker Orange, multiple…

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