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by doopy1 1460 days ago
Before bitcoin was still the early days of ransomware. It existed mostly as tech support scams. Now that the floodgates have been opened ransoms will go back to being high-risk western union payments and will be much higher. You can't put the cat back in the bag.
1 comments

This is laughably naive. Western Union payments are high-risk for the ransomer, since they have to go pick the money up. Also, Western Union has pretty low limits on how much you can send ($10K for US->US transfers, less for international transfers). Getting a million dollars (a low ransom in today's ecosystem) via Western Union would require at least 100 pickups, each of which comes with a risk of getting arrested.

There is a reason ransom amounts skyrocketed when cryptocurrency entered the picture, and no, it's not because it was "the early days" pre-bitcoin.