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I was just pointing out that according to the article some London banks ARE buying bitcoin so that the ransom payment option is on the table in case of an emerg

by 21 9y ago

I was just pointing out that according to the article some London banks ARE buying bitcoin so that the ransom payment option is on the table in case of an emergency, and in fact they notified senior police officers about this activity (to get their blessing? to avoid the bitcoin buying look suspicious if they stumbled upon it?)

viraptor 9y ago
I understand. I'm just pointing out why the article smells like bs and is technically invalid in many ways. Including the fact that police will not help you with a DDoS and is largely irrelevant in the discussion (apart from post mortem / following up after the attack). Also banks are playing with cryptocurrencies for quite a while now. London banks have ideas of private blockchains as well. Nobody would think it's suspicious that they buy some. The may be some truth in there, but this is a popular tech post. I'd look for more details than the guardian provides.
- mannykannot 9y ago
  > The may be some truth in there, but this is a popular tech post. I'd look for more details than the guardian provides. Can you provide some references for the positions you have stated in this discussion?
  - viraptor 9y ago
    Mirai (not named that yet in the original article) source released -> anyone can take control. DDoS as a service was sold. Paying off one attacker doesn't stop others. https://www.forbes.com/sites/thomasbrewster/2016/10/23/massive-ddos-iot-botnet-for-hire-twitter-dyn-amazon/#34c3ff95c1f0 https://www.forbes.com/sites/thomasbrewster/2016/10/23/massi... Police will not help you with ongoing DDoS - I don't think you need a source for that one. Canary Wharf playing with bitcoin / blockchain in 2015: https://www.ft.com/content/eb1f8256-7b4b-11e5-a1fe-567b37f80b64 https://www.ft.com/content/eb1f8256-7b4b-11e5-a1fe-567b37f80... Ransomware can happen again, getting data back not guaranteed (FBI recommendation): https://www.fbi.gov/news/stories/incidents-of-ransomware-on-the-rise https://www.fbi.gov/news/stories/incidents-of-ransomware-on-...
mannykannot 9y ago
I wonder if there are regulatory requirements for them to register a policy for the handling of bank robberies, that extends to extortion and ransom? While it may not be relevant in this case, such a regulation might have been written with hostage situations in mind, when the police would be involved.

by 21 9y ago

viraptor 9y ago

I understand. I'm just pointing out why the article smells like bs and is technically invalid in many ways. Including the fact that police will not help you with a DDoS and is largely irrelevant in the discussion (apart from post mortem / following up after the attack). Also banks are playing with cryptocurrencies for quite a while now. London banks have ideas of private blockchains as well. Nobody would think it's suspicious that they buy some. The may be some truth in there, but this is a popular tech post. I'd look for more details than the guardian provides.

mannykannot 9y ago
> The may be some truth in there, but this is a popular tech post. I'd look for more details than the guardian provides. Can you provide some references for the positions you have stated in this discussion?
- viraptor 9y ago
  Mirai (not named that yet in the original article) source released -> anyone can take control. DDoS as a service was sold. Paying off one attacker doesn't stop others. https://www.forbes.com/sites/thomasbrewster/2016/10/23/massive-ddos-iot-botnet-for-hire-twitter-dyn-amazon/#34c3ff95c1f0 https://www.forbes.com/sites/thomasbrewster/2016/10/23/massi... Police will not help you with ongoing DDoS - I don't think you need a source for that one. Canary Wharf playing with bitcoin / blockchain in 2015: https://www.ft.com/content/eb1f8256-7b4b-11e5-a1fe-567b37f80b64 https://www.ft.com/content/eb1f8256-7b4b-11e5-a1fe-567b37f80... Ransomware can happen again, getting data back not guaranteed (FBI recommendation): https://www.fbi.gov/news/stories/incidents-of-ransomware-on-the-rise https://www.fbi.gov/news/stories/incidents-of-ransomware-on-...

mannykannot 9y ago

I wonder if there are regulatory requirements for them to register a policy for the handling of bank robberies, that extends to extortion and ransom? While it may not be relevant in this case, such a regulation might have been written with hostage situations in mind, when the police would be involved.