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Bitcoin Crime Security

Ransomware Sales On the Dark Web Spike 2,502% In 2017 (carbonblack.com) 23

Slashdot reader rmurph04 writes: Ransomware is a $6.2 million industry, based on sales generated from a network of more than 6,300 Dark Web marketplaces that sell over 45,000 products, according to a report released Wednesday by cybersecurity firm Carbon Black.
While the authors of the software are earning six-figure incomes, ransom payments totalled $1 billion in 2016, according to FBI estimates -- up from just $24 million in 2015. Carbon Black, which was founded by former U.S. government "offensive security hackers," argues that ransomware's growth has been aided by "the emergence of Bitcoin for ransom payment, and the anonymity network, Tor, to mask illicit activities.. Bitcoin allows money to be transferred in a way that makes it nearly impossible for law enforcement to 'follow the money.'"
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Ransomware Sales On the Dark Web Spike 2,502% In 2017

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  • Why isn't the backup market exploding?
    • by fisted ( 2295862 )

      According to the installer, I'm using the most secure Windows, so I'm good.

    • by Anonymous Coward
      Because having backups that explode is a terrible idea.

      (â_â)
      ( â_â)>-@-@
      (-@-@)

      (blasted lack of Unicode support!)

  • I thought bitcoin had every transaction tracked how it flows from wallet to wallet for anyone to check. How is it non-traceable besides the fact a name isn't tied to the 'account number?' When you cash out, don't you have to use a real name or is there markets that people just trade cash for bitcoin without any name required.
    • by Anonymous Coward

      Bitcoin is the opposite of anonymous. Every transaction is public. If you make even one transaction with another payment system or purchase something from a store that can prove who you are, then that account is unmasked. Every transaction done through that account in past can then be identified as yours. A very bad system to use for criminals. It is inevitable that they will eventually be identified through it. The hackers behind the MtGox collapse were identified in part through this mechanism, and they

  • The government acts as though its solely able to protect us in face of overwhelming evidence its neither competent to do so nor able. Then on the other side steals money from those who wish not pay for this service. The left acts as though the world would collapse without humanity paying this extortion.

    The reality here is extortion existed long before the internet and the only difference was more or less who was behind it. Now the Russian government or its handlers anyway have its hand in it too. The idea B

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