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London banks to stockpile Bitcoin to meet ransomware attacks


Major banks in London plan to stockpile Bitcoin to pay ransoms for ransomware attacks, NewsBTC reported. "From a purely pragmatic perspective, financial institutions are now exploring the need to maintain stocks of bitcoin in the unfortunate event that they themselves become the target of a high-intensity attack, when law enforcement perhaps might not be able to assist them at the speed with which they need to put themselves back in business," said Simor Moores, former tech ambassador for the U.K. government.

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