[timavr]

It wouldn't work in this case. It will be similar to drug trade, where everything is hush hush and the price probably will go up. It will just push more innocent people into white colar crime.

You are running the company. You spend all your life getting to CEO position. And then boom breach and your company has massive loss, lawsuits and you are out of the job. Probably 9/10 CEO types will just engage in a crime to avoid that situation.

Current situation is way better. All breaches are public, prices are public, so the correct answer is to invest in security and if you get caught with your pants down, just pay the fee Let justice department handle it from that point on.

The way bank robberies are handled is the best. Just give them everything they ask for. In the end of the day it is either insured and even if it is not, it is stupid to risk anyones life for money created in fractional-reserve banking system.

[Wowfunhappy]

> It will be similar to drug trade, where everything is hush hush and the price probably will go up.

It's somewhat more difficult for actual businesses to buy drugs, though, isn't it? The money would show up in audits and all that.

[timavr]

I assume that the money is just laundered and appears as clean money on accounts.

If drugs distributor has money in cash, they will probably engage in loaning short-term to ligitimate businessses with very predictable massive cashflows that pay in cash: construction, cleaning, farming, gambling etc. They don't even have to pay in cash, as long as they have cash receivables that will work as well.

They probably called something like Farming Loans Inc and deliver cash in the beginning of the month for business to meet their cash requirements. They either use it to pay their workers or will just deposit into their account as revenue. Month later they just send me back the check,that is loan pay back that is 100% clean money.

Obviously they will need to manage Farming Loans Inc balance sheet to explain where the seed money for loans are coming from, but that's where white colar crime comes in, where not so good accountants and lawyers will cook books.

For ransom money, the system will be even more cleaner. Somebody will create offshore consulting security firm, that will engage clients in return for consulting fees. So if somebody has breach, they will call them and like we need some consulting. Consulting firm will talk to ransom guys, get keys and then bill the client. So if you accountant and look at the balance sheet of multimillion dollar company, you will see consulting fee invoice and that is pretty much it. For IRS or FBI to dig any evidence, they will have to get a whistleblower plus somehow get the documents of offshore company, which makes it impossible.

In the end of the day white colar crime is 100x bigger then anything to do with drugs/ ransomware and it starts early, because the system pushes people to behave this way and 100% trust base and a lot of behaviours are 100% legal.

The good example is retail brokerage companies that encourage day trading, options trading, FX pares trading. This is just a scam, but hey why not.