The Ransomware Problem Is a Bitcoin Problem

Re:The Ransomware Problem Is a Bitcoin Problem by tinus_hn on Friday June 04, 2021 @02:34PM (#27397258)

Before cryptocurrency it was iTunes giftcards or money transfer services to a 3rd world country. Cryptocurrency is not the only way to transfer money that’s relatively hard to trace.

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Re:The Ransomware Problem Is a Bitcoin Problem by tptacek on Friday June 04, 2021 @02:36PM (#27397281)

As the article points out, it's the only way to reliably transfer the 7 figure sums that make large-scale ransomware attacks workable.

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Re:The Ransomware Problem Is a Bitcoin Problem by beaner on Friday June 04, 2021 @02:37PM (#27397303)

Maybe the problem is the internet. Without that, critical infrastructure would not be susceptible to cyberattack.

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Re:The Ransomware Problem Is a Bitcoin Problem by tptacek on Friday June 04, 2021 @02:39PM (#27397338)

We successfully attacked critical infrastructure before it was connected to the Internet, so perhaps the problem is simply telecommunications. I think it's cryptocurrency, though.

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Re:The Ransomware Problem Is a Bitcoin Problem by tinus_hn on Friday June 04, 2021 @02:41PM (#27397380)

Sorry but before cryptocurrency there also were hostage that were freed on payment of millions. For that kind of money life does find a way.

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Re:The Ransomware Problem Is a Bitcoin Problem by SavantIdiot on Friday June 04, 2021 @02:36PM (#27397277)

Good point. But that's a lot of giftcards to transfer $5 million, let alone the $100MM claimed-size of the ransomware market from the article.

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