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Thread: Riviera Beach, FL to pay Ransomware Hacker $600,000

  1. #11
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    Rickity Plumber's Avatar
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    Quote Originally Posted by ruthless terrier View Post
    somebody in the Riviera Beach IT department is going to fired.
    Yes, it was an unsuspecting employee who clicked on something he obviously should not have.



  2. #12
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    Quote Originally Posted by Rickity Plumber View Post
    Is this the new career for basement dwelling snowflakes? Holding hostage small government computer systems? Riviera Beach has to write down all 911 calls by hand because they are unable to access their software programs.

    Oh yes, ransom to be paid in bitcoin. How do they trace those things? I am ignorant as to how bitcoin operates.


    Riviera Beach to pay Bitcoin ransom (about $600K) to hacker who shut down city computers - South Florida Sun-Sentinel
    I don't know either; and I don't think this Pajama-Boi knows.

    Bitcoin is a digital register - "Blockchain" as I understand it, is a ledger of everywhere it's been. Which is why, supposedly it cannot be stolen. Also why you're a fool to steal it.

    Buyers of online drugs and illegal porn and other contraband, as I understand it, have Bitcoin "wallets" where they have never connected with their true identities. But that's getting harder and harder, these days, as Gmail requires more and more "security" connections - your phone, your other accounts, for you to keep access. And periodically they'll just lock down your email and require a password reset. So if you have no other way to contact, you're gone.

    So. If you want a kilo of coke, you can get some bitcoin and pay it that way on the Silk Road website (or you could before it was shut down). But to take ransom bitcoin...those will be hard to fence and liquidate. The extortionists might avoid IMMEDIATE detection, but eventually they will be fingered. Closing out his Bitcoin wallet immediately would signal a large cash movement and get the IRS and Treasury involved. Closing it slowly, leaves markers all over...where you are, what email, what ISP, where were the proceeds sent.

    Remember, Bitcoin is almost-twenty-years old. The technology behind it is outdated to the point of being kludgy. It's just got name recognition; and there are relatively few transactions with it. Were there a big increase...each transaction would take HOURS.

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  4. #13
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    Quote Originally Posted by JustPassinThru View Post
    I don't know either; and I don't think this Pajama-Boi knows.

    Bitcoin is a digital register - "Blockchain" as I understand it, is a ledger of everywhere it's been. Which is why, supposedly it cannot be stolen. Also why you're a fool to steal it.

    Buyers of online drugs and illegal porn and other contraband, as I understand it, have Bitcoin "wallets" where they have never connected with their true identities. But that's getting harder and harder, these days, as Gmail requires more and more "security" connections - your phone, your other accounts, for you to keep access. And periodically they'll just lock down your email and require a password reset. So if you have no other way to contact, you're gone.

    So. If you want a kilo of coke, you can get some bitcoin and pay it that way on the Silk Road website (or you could before it was shut down). But to take ransom bitcoin...those will be hard to fence and liquidate. The extortionists might avoid IMMEDIATE detection, but eventually they will be fingered. Closing out his Bitcoin wallet immediately would signal a large cash movement and get the IRS and Treasury involved. Closing it slowly, leaves markers all over...where you are, what email, what ISP, where were the proceeds sent.

    Remember, Bitcoin is almost-twenty-years old. The technology behind it is outdated to the point of being kludgy. It's just got name recognition; and there are relatively few transactions with it. Were there a big increase...each transaction would take HOURS.
    Thank @JustPassinThru . I can always count on you for anything "real-life" related.



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