London’s biggest banks stock bitcoins to pay hackers

UK banks have started buying bitcoins to pay hackers for their e-services in case of cyber-attacks, the Guardian reports. Just recently, the website PayPal was destabilised with a similar hack.

I remember working at Shell, and being told about Nigeria. Procurement ships always had  a “modest” US$20,000 worth of stock onboard, a Swiss watch and other goods to pay local hijackers.