London’s biggest banks stock bitcoins to pay hackers

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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.