Cryptographic currency’s massive rise in value ends up in a corresponding increase in online heists by criminals seeking easy paydays. 10 IT Job Titles We Miss (Click image for larger view.) Say you’ve created a cryptographic currency called bitcoin that promises users relative anonymity and untraceable transactions. What may be able to get it wrong? The reply, obviously, is that these virtues also attract hackers, malware developers, and arranged crime rings who wouldn’t consider carefully about committing virtual bank robberies. Earlier this month, as an example, Bitcoin Internet Payment System (BIPS), a Denmark-based Bitcoin payment processor, suffered a denial-of-service (DDoS) attack. Unfortunately for users of the company’s free online wallets for storing bitcoins, the DDoS attack was merely a smokescreen for a digital heist that quickly drained numerous wallets, netting the attackers a reported 1,295 bitcoins — worth nearly $1 million — and leaving wallet users with little chance that they’d ever see their money again. “On November 15th BIPS was the objective of a... Read More »