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Some of those comments below the article are just scary. People demanding death sentences and that Iran/China/Russia/North Korea be nuked, over private busines

Some of those comments below the article are just scary. People demanding death sentences and that Iran/China/Russia/North Korea be nuked, over private business data leaks? It's like the problem of attribution never has existed, nowadays the "smoking cyber guns" are apparently everywhere.

ourmandave 7y ago
Krebs has a better measured reply to the "Nuke 'em all!" comments. https://krebsonsecurity.com/2019/12/ransomware-gangs-now-outing-victim-businesses-that-dont-pay-up/#comment-501971 https://krebsonsecurity.com/2019/12/ransomware-gangs-now-out... What needs to become the norm for the US Govt response to these gangsters is for them to get in the habit of doing what they did in the Evil Corp case: Once the offenders are positively identified, get the Treasury to issue financial sanctions on them that prevent the crooks from transacting with people and businesses outside their home country. https://krebsonsecurity.com/2019/12/inside-evil-corp-a-100m-cybercrime-menace/ https://krebsonsecurity.com/2019/12/inside-evil-corp-a-100m-... This is perhaps the most effective tool in law enforcement’s hands to combat cybercrime — short of apprehending the bad guys. None of these dudes want to be stuck in Russia, and they sure as hell don’t want all their money kept their either. Rather, they tend to launder it by investing in properties and other businesses outside their own country. Making it a crime for others to accept their money is an extremely effective way of frustrating these criminals.
- big_chungus 7y ago
  On the other hand, many nations are making a concerted effort to undermine America's position as the global financial hegemon (e.g. Europe's INSTEX). What would America's recourse be were she to lose her control over global financial markets?
  - jacquesm 7y ago
    As long as oil is traded in USD that won't happen.
    - perl4ever 7y ago
      That makes as much sense as thinking it matters whether the volume of a barrel of oil is measured in US or metric measurements. You can, like, exchange one currency for another. How do you think people buy oil with every currency other than the dollar?
- jacquesm 7y ago
  There is a ton of dirty money seeking a laundering opportunity floating around, plenty of start-ups are at risk of ending up with an investor that may have an entirely different idea about what constitutes a good investment than your regular Angel/VC/PE entity. Always beware when the money comes looking for you.

ourmandave 7y ago

Krebs has a better measured reply to the "Nuke 'em all!" comments. https://krebsonsecurity.com/2019/12/ransomware-gangs-now-outing-victim-businesses-that-dont-pay-up/#comment-501971 https://krebsonsecurity.com/2019/12/ransomware-gangs-now-out... What needs to become the norm for the US Govt response to these gangsters is for them to get in the habit of doing what they did in the Evil Corp case: Once the offenders are positively identified, get the Treasury to issue financial sanctions on them that prevent the crooks from transacting with people and businesses outside their home country. https://krebsonsecurity.com/2019/12/inside-evil-corp-a-100m-cybercrime-menace/ https://krebsonsecurity.com/2019/12/inside-evil-corp-a-100m-... This is perhaps the most effective tool in law enforcement’s hands to combat cybercrime — short of apprehending the bad guys. None of these dudes want to be stuck in Russia, and they sure as hell don’t want all their money kept their either. Rather, they tend to launder it by investing in properties and other businesses outside their own country. Making it a crime for others to accept their money is an extremely effective way of frustrating these criminals.

big_chungus 7y ago
On the other hand, many nations are making a concerted effort to undermine America's position as the global financial hegemon (e.g. Europe's INSTEX). What would America's recourse be were she to lose her control over global financial markets?
- jacquesm 7y ago
  As long as oil is traded in USD that won't happen.
  - perl4ever 7y ago
    That makes as much sense as thinking it matters whether the volume of a barrel of oil is measured in US or metric measurements. You can, like, exchange one currency for another. How do you think people buy oil with every currency other than the dollar?
jacquesm 7y ago
There is a ton of dirty money seeking a laundering opportunity floating around, plenty of start-ups are at risk of ending up with an investor that may have an entirely different idea about what constitutes a good investment than your regular Angel/VC/PE entity. Always beware when the money comes looking for you.