Bitcoin, introduced in 2008, is a digital asset and payment system, which the U.S. Treasury categorizes as a decentralized virtual currency. Bitcoin masks the user's identity, so it's a popular choice for hackers demanding payment after a cyber attack. 

Austin McChord, CEO of Datto, recently discussed the evolving landscape of cybersecurity and cryptocurrencies, such as bitcoin, in an interview with Cheddar TV. Austin discussed how backup and disaster recovery solutions are the only way to prevent a ransomware attack and avoid falling victim to hackers.

Learn more in the video below.