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  3. Bitcoin and Ransomware Attacks

Bitcoin and Ransomware Attacks

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  • Mike HankeyM Mike Hankey

    No as long as people pay the ransoms it will continue.

    Someone's therapist knows all about you!

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    Tomz_KV
    wrote on last edited by
    #14

    Money payment (non-bitcoin) has to go through banks. with all the transaction records available, it is hard to believe that attackers do not get caught.

    TOMZ_KV

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    • D Deflinek

      No. Bitcoin is just easier than other ways of payment. Attackers do it because they can, not because method of payment is convenient. There are pre-paid Visa, iTunes cards and several other methods that can and were used before. Mere fact that something CAN be used in malicious way doesn't mean it should be banned... Unless you want to ban all men for example :)

      -- "My software never has bugs. It just develops random features."

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      Tomz_KV
      wrote on last edited by
      #15

      Good points.

      TOMZ_KV

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      • F F ES Sitecore

        They'll go back to what they were using before BitCoin. Western Union.

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        Tomz_KV
        wrote on last edited by
        #16

        F-ES Sitecore wrote:

        Western Union.

        Money order? The attackers have to give out their mailing address.

        TOMZ_KV

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        • T Tomz_KV

          F-ES Sitecore wrote:

          Western Union.

          Money order? The attackers have to give out their mailing address.

          TOMZ_KV

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          F ES Sitecore
          wrote on last edited by
          #17

          Haven't deal with many Nigerian princes, have you? :laugh:

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          • F F ES Sitecore

            Haven't deal with many Nigerian princes, have you? :laugh:

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            Tomz_KV
            wrote on last edited by
            #18

            Have not. But I do have a number of emails asking me to claim huge amount of money left by my deceased great great aunt. Need to act quickly.

            TOMZ_KV

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            • T Tomz_KV

              Since a payment made by bitcoin is difficult to trace, ransomware attacks become more frequent. The fact that the value of bitcoin has increased quickly in recent years certainly motivates attackers to do more. If people have no interest in bitcoin trade, do you think the attacks can be reduced?

              TOMZ_KV

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              KarstenK
              wrote on last edited by
              #19

              Only a bit, because the criminals want to do there business. X| If the business is easy and sucessful always a lot of criminals are jumping on the train. I guess the bitcoin bubble will end like the "dutch tulip mania" with lost homes and destroyed families. :mad:

              Press F1 for help or google it. Greetings from Germany

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              • K KarstenK

                Only a bit, because the criminals want to do there business. X| If the business is easy and sucessful always a lot of criminals are jumping on the train. I guess the bitcoin bubble will end like the "dutch tulip mania" with lost homes and destroyed families. :mad:

                Press F1 for help or google it. Greetings from Germany

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                Tomz_KV
                wrote on last edited by
                #20

                KarstenK wrote:

                I guess the bitcoin bubble will end like the "dutch tulip mania" with lost homes and destroyed families.

                Hope you are right about bitcoin bubble. It at least eliminates a convenient payment for attackers.

                TOMZ_KV

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                • T Tomz_KV

                  Since a payment made by bitcoin is difficult to trace, ransomware attacks become more frequent. The fact that the value of bitcoin has increased quickly in recent years certainly motivates attackers to do more. If people have no interest in bitcoin trade, do you think the attacks can be reduced?

                  TOMZ_KV

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                  BillWoodruff
                  wrote on last edited by
                  #21

                  If people gave up sex, we wouldn't have over-population problems :wtf:

                  «While I complain of being able to see only a shadow of the past, I may be insensitive to reality as it is now, since I'm not at a stage of development where I'm capable of seeing it.» Claude Levi-Strauss (Tristes Tropiques, 1955)

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                  • B BillWoodruff

                    If people gave up sex, we wouldn't have over-population problems :wtf:

                    «While I complain of being able to see only a shadow of the past, I may be insensitive to reality as it is now, since I'm not at a stage of development where I'm capable of seeing it.» Claude Levi-Strauss (Tristes Tropiques, 1955)

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                    Tomz_KV
                    wrote on last edited by
                    #22

                    Do not forget tube baby or Dolly the Sheep. :laugh:

                    TOMZ_KV

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                    • R RJOberg

                      Well, if bitcoins weren't worth anything, the attacks would still continue, the method has shown to be profitable. Instead they would demand whatever next hard to track currency is available... like USD sent to a compromised foreign account.

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                      Tomz_KV
                      wrote on last edited by
                      #23

                      RJOberg wrote:

                      .. like USD sent to a compromised foreign account.

                      I sometimes wonder how could they not get caught since all transactions go through banks including the foreign account unless that foreign country supports the attackers.

                      TOMZ_KV

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                      • S Slacker007

                        No, this is Lounge alright. If it starts to lean toward how Bitcoin affects the weather, then it should be soap box. :laugh:

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                        Tomz_KV
                        wrote on last edited by
                        #24

                        Sorry. I revised the post to avoid "soap".

                        TOMZ_KV

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                        • H HobbyProggy

                          HappyFestivus wrote:

                          bitcoins

                          which is basically money? So would you say that because you are not allowed to hold euros the criminal is bothered by that and would instead of still wanting it from you just stop the attack?

                          Rules for the FOSW ![^]

                          if(!string.IsNullOrWhiteSpace(_signature))
                          {
                          MessageBox.Show("This is my signature: " + Environment.NewLine + _signature);
                          }
                          else
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                          }

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                          ZurdoDev
                          wrote on last edited by
                          #25

                          No, and I don't think OP is saying that. I think OP is saying that they would stop demanding euros.

                          There are two kinds of people in the world: those who can extrapolate from incomplete data. There are only 10 types of people in the world, those who understand binary and those who don't.

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                          • Z ZurdoDev

                            No, and I don't think OP is saying that. I think OP is saying that they would stop demanding euros.

                            There are two kinds of people in the world: those who can extrapolate from incomplete data. There are only 10 types of people in the world, those who understand binary and those who don't.

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                            HobbyProggy
                            wrote on last edited by
                            #26

                            Which does not solve the root cause. Sounds like easy programming style, instead of fixing the root cause we just put a patch on it so they need to find another way to break the system. Banning is not always the best option.

                            Rules for the FOSW ![^]

                            if(!string.IsNullOrWhiteSpace(_signature))
                            {
                            MessageBox.Show("This is my signature: " + Environment.NewLine + _signature);
                            }
                            else
                            {
                            MessageBox.Show("404-Signature not found");
                            }

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                            • H HobbyProggy

                              Which does not solve the root cause. Sounds like easy programming style, instead of fixing the root cause we just put a patch on it so they need to find another way to break the system. Banning is not always the best option.

                              Rules for the FOSW ![^]

                              if(!string.IsNullOrWhiteSpace(_signature))
                              {
                              MessageBox.Show("This is my signature: " + Environment.NewLine + _signature);
                              }
                              else
                              {
                              MessageBox.Show("404-Signature not found");
                              }

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                              ZurdoDev
                              wrote on last edited by
                              #27

                              Agreed.

                              There are two kinds of people in the world: those who can extrapolate from incomplete data. There are only 10 types of people in the world, those who understand binary and those who don't.

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                              • Z ZurdoDev

                                Agreed.

                                There are two kinds of people in the world: those who can extrapolate from incomplete data. There are only 10 types of people in the world, those who understand binary and those who don't.

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                                HobbyProggy
                                wrote on last edited by
                                #28

                                I know it was a bit harsh, but i hope you understood why i argued like that :)

                                Rules for the FOSW ![^]

                                if(!string.IsNullOrWhiteSpace(_signature))
                                {
                                MessageBox.Show("This is my signature: " + Environment.NewLine + _signature);
                                }
                                else
                                {
                                MessageBox.Show("404-Signature not found");
                                }

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