Online payments giant PayPal is already shifting its attention towards blockchain technology. The firm has been awarded a crypto related patent.
Patent for Crypto-malware Detection Technique
The patent awarded to the payment giant is for a technique that could help with the detection of a type of crypto malware, as well as help manage and reduce the effect of the malware on the overall system.
The patent document was filed in September 2016 and awarded almost three years after by the U.S. Patent and Trademark Office (USPTO).
The new patent details how an existing system data cache can be leveraged to help with the detection and prevention of Malware from locking up targets’ files.
The patent further states that: “Ransomware can encrypt the contents of a hard drive or other networked files and make it inaccessible for system users” so “a system user who lacks decryption keys will no longer be able to readily access his or her data.” it continued.
This is what PayPal is looking to prevent by all means. The payment giant…