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by mytherin
1871 days ago
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The article directly addresses your point in the paragraph surrounding the sentence you cherry picked. > Now this is not a new phenomenon by any means. But what is new is that the level of these attacks has gone parabolic in the last few years because of one simple fact. With the addition of bitcoin to the problem it’s insanely profitable, low-risk, and almost the perfect crime. It’s also a very real economic tool that nation states can use to disrupt each other’s infrastructure. > The singular reason why these attacks are even possible is due entirely to rise of cryptocurrency. Consider the same situation on top of the existing international banking system. Go to your local bank branch and try to wire transfer $200,000 to an anonymous stranger in Russia and see how that works out. Modern ransomware could not exist without Bitcoin, it has poured gasoline on a fire we may not be able to put out. |
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The hypothetical they picked might not work. The methods that ransomware was using for decades to extort hundreds of thousands of dollars did, and will continue to work.