Cyber crime

Federal prosecutors announce shutdown of massive child pornography site

Federal prosecutors announced Wednesday they had seized and shut down the world's "largest darknet child pornography website," filing multiple charges against its ringleader, a 23-year-old South Korean man, according to an unsealed criminal indictment.

The big picture: The dark web site, which was available through a Tor browser, had over 200,000 sexually explicit videos involving children in its archives and utilized Bitcoin to conduct its business.

Choice to pay ransomware might be simpler than you'd think

Illustration of a city inside of an opened bird cage.
Illustration: Aïda Amer/Axios

The conventional wisdom about ransomware is that when local governments pay the ransom, it encourages more criminals to launch more attacks. But that's not necessarily the case, experts say.

Between the lines: The costs of recovering from a ransomware attack are often greater than the cost of the ransom.