Paypal’s Patent to Fight Crypto Ransomware Approved

The U.S. Patent and Trademark Office recently approved a patent, originally filed in 2016, that aims to end crypto ransomware, CoinGeek reports. PayPal developed the technology to better detect the malware and prevent potential victims from being locked out of their own accounts. This is a global problem impacting law enforcement officials, individuals and companies, according to the story. Companies have reported a 90% increase in ransomware costs for the first quarter of 2019 compared to the first quarter of 2018.      

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