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  3. Bitcoin and Ransomware Attacks

Bitcoin and Ransomware Attacks

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  • T Offline
    T Offline
    Tomz_KV
    wrote on last edited by
    #1

    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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    • 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

      L Offline
      L Offline
      Lost User
      wrote on last edited by
      #2

      hmmm, opinions and speculation on laws, soapbox perhaps?

      Signature ready for installation. Please Reboot now.

      S 1 Reply Last reply
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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

        H Offline
        H Offline
        HobbyProggy
        wrote on last edited by
        #3

        Tomz_KV wrote:

        If bitcoin is criminalized, do you think the attacks can be reduced?

        X| Seems you didn't understand the criminal part right?

        Rules for the FOSW ![^]

        if(!string.IsNullOrWhiteSpace(_signature))
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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

          L Offline
          L Offline
          Lost User
          wrote on last edited by
          #4

          What do you mean by "bitcoin is criminalized" and how would that reduce something that is already a criminal act?

          Peter Wasser "The whole problem with the world is that fools and fanatics are always so certain of themselves, and wiser people so full of doubts." - Bertrand Russell

          1 Reply Last reply
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          • H HobbyProggy

            Tomz_KV wrote:

            If bitcoin is criminalized, do you think the attacks can be reduced?

            X| Seems you didn't understand the criminal part right?

            Rules for the FOSW ![^]

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

            Z Offline
            Z Offline
            ZurdoDev
            wrote on last edited by
            #5

            HobbyProggy wrote:

            Seems you didn't understand the criminal part right?

            I read it as the OP meaning if bitcoin were not something you and I could actually pay the ransom with (because it has been outlawed) then these types of attacks would be reduced since normal people couldn't pay the ransom.

            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.

            H 1 Reply Last reply
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            • Z ZurdoDev

              HobbyProggy wrote:

              Seems you didn't understand the criminal part right?

              I read it as the OP meaning if bitcoin were not something you and I could actually pay the ransom with (because it has been outlawed) then these types of attacks would be reduced since normal people couldn't pay the ransom.

              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.

              H Offline
              H Offline
              HobbyProggy
              wrote on last edited by
              #6

              And that would prevent criminals from wanting money from you? I still don't get it.

              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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              Z 1 Reply Last reply
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              • H HobbyProggy

                And that would prevent criminals from wanting money from you? I still don't get it.

                Rules for the FOSW ![^]

                if(!string.IsNullOrWhiteSpace(_signature))
                {
                MessageBox.Show("This is my signature: " + Environment.NewLine + _signature);
                }
                else
                {
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                Z Offline
                Z Offline
                ZurdoDev
                wrote on last edited by
                #7

                HobbyProggy wrote:

                that would prevent criminals from wanting money from you?

                bitcoins

                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.

                H 1 Reply Last reply
                0
                • 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

                  M Offline
                  M Offline
                  Mike Hankey
                  wrote on last edited by
                  #8

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

                  Someone's therapist knows all about you!

                  T 1 Reply Last reply
                  0
                  • 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

                    F Offline
                    F Offline
                    F ES Sitecore
                    wrote on last edited by
                    #9

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

                    T 1 Reply Last reply
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                    • L Lost User

                      hmmm, opinions and speculation on laws, soapbox perhaps?

                      Signature ready for installation. Please Reboot now.

                      S Offline
                      S Offline
                      Slacker007
                      wrote on last edited by
                      #10

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

                      T 1 Reply Last reply
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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

                        R Offline
                        R Offline
                        RJOberg
                        wrote on last edited by
                        #11

                        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.

                        T 1 Reply Last reply
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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

                          D Offline
                          D Offline
                          Deflinek
                          wrote on last edited by
                          #12

                          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."

                          T 1 Reply Last reply
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                          • Z ZurdoDev

                            HobbyProggy wrote:

                            that would prevent criminals from wanting money from you?

                            bitcoins

                            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.

                            H Offline
                            H Offline
                            HobbyProggy
                            wrote on last edited by
                            #13

                            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
                            {
                            MessageBox.Show("404-Signature not found");
                            }

                            Z 1 Reply Last reply
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                            • M Mike Hankey

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

                              Someone's therapist knows all about you!

                              T Offline
                              T Offline
                              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

                              1 Reply Last reply
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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."

                                T Offline
                                T Offline
                                Tomz_KV
                                wrote on last edited by
                                #15

                                Good points.

                                TOMZ_KV

                                1 Reply Last reply
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                                • F F ES Sitecore

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

                                  T Offline
                                  T Offline
                                  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

                                  F 1 Reply Last reply
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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

                                    F Offline
                                    F Offline
                                    F ES Sitecore
                                    wrote on last edited by
                                    #17

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

                                    T 1 Reply Last reply
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                                    • F F ES Sitecore

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

                                      T Offline
                                      T Offline
                                      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

                                      1 Reply Last reply
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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

                                        K Offline
                                        K Offline
                                        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

                                        T 1 Reply Last reply
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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

                                          T Offline
                                          T Offline
                                          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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