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by zbentley 36 days ago
Cryptocurrency mitigates most of those concerns. That's why the flourishing of crypto payment systems has been an unalloyed blessing for cybercriminals.
2 comments
bluGill 35 days ago
No it does not. It makes some things harder and some things easier. The public ledger means you can track where then money flowed - you might not know who had it but you know how it flows which is interesting. I don't know if it has happened, but I've heard of proposals to make any bitcoin the traces to some transaction illegal to have, and that means nobody who might get caught will have anything to do with those.
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teddyh 35 days ago
“Payment must be made in small, used bitcoins.”
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Scoundreller 36 days ago
It can at a technical level but not at a legal level.

Your BigCo accounting department is not going to be very understanding about acquiring cryptocurrency to send to ??? for a ransom.

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dylan604 35 days ago
Isn't this why in other comments people have said that companies use third parties to pay the ransom rather than paying directly?
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Scoundreller 35 days ago
That’s my theory too. Setting up payments to a new vendor is hard enough even for the most legitimate.

An org’s Net30 terms aren’t going to work here…

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