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>Go after the financial links. If the only way the ransom can be paid is traveling to Russia with gold bars you’ll see a lot fewer ransoms paid. >And before yo
by meowface 5y ago
>Go after the financial links. If the only way the ransom can be paid is traveling to Russia with gold bars you’ll see a lot fewer ransoms paid.
>And before you say cryptocurrency there’s lots of ways Western governments could intervene if they got serious.
I was definitely gonna say "cryptocurrency". I see absolutely no feasible way that any government could enforce things such that the only way a ransom could be paid would be traveling to Russia and paying the ransomers with gold bars.
I severely doubt any Western government is going to try to ban any cryptocurrency - even Monero. And if they try, enforcement will be extremely difficult.
No matter how hard they make it for a victim to pay a ransom or obtain the assets needed to pay a ransom, a sufficiently desperate victim and a sufficiently greedy ransomer will find a way to make it work.
Perhaps it could realistically help a bit if they threatened victims with prison time for paying ransoms, but in my opinion this would be pretty draconian and wrong - like threatening to imprison someone whose child is kidnapped by a cartel if they pay a ransom to prevent the child from being killed.
Sometimes the victims can be blamed for major negligence, but not always. And even when they are negligent, I don't think they should be punished or prevented from recovering their business in such an extreme way.
- bradleyjg 5y agoI agree that directly threatening victims, even corporate victims, is a bad look. But you need financial intermediaries—-brokers, platforms, exchanges, and these institutions upstream banks, brokers, clearinghouses, and so on. These are exactly the type of institutions that governments can exert a lot of pressure on but so far have mostly declined to do so.