Topic: Companies Are Stockpiling Bitcoin to Pay Off Cybercriminals (Read 1530 times)
I'm hoarding some nice weed, for my friend who may visit one day. My friend is a criminal.
It's not for me.
Can In get tax relief on that? Hope my bank manager wont mind.
Damn how hard would it be to hire an IT professional who would be doing a daily backup of the company's vital data on a dedicated server? Surely a couple of hard drives and an average salary would be cheaper than a huge random ransom out of the blue one day right? I think companies should up their cyber security and not waste resources on paying criminals in the first place. How can companies with so much capital fall victims to ransomware attacks? Is it just negligence form their side or the hackers are just that good nowadays?
Why not share your vast IT sec expertise with these companies? I'm sure they'll appreciate it
it is shamful because fiat has been used by criminals for years and i dont here anyone complaining about that.....
Sure you did, Friend, sure you did. Regular folk just don't call it called fiat, they call it "money." All them crime dramas on the telly about bank robbers and meth cooks? Yeah, those are about fiat.
Damn how hard would it be to hire an IT professional who would be doing a daily backup of the company's vital data on a dedicated server? Surely a couple of hard drives and an average salary would be cheaper than a huge random ransom out of the blue one day right? I think companies should up their cyber security and not waste resources on paying criminals in the first place. How can companies with so much capital fall victims to ransomware attacks? Is it just negligence form their side or the hackers are just that good nowadays?
it is shamful because fiat has been used by criminals for years and i dont here anyone complaining about that.....
anyone can twist a story. that can contain some half truths.. but mostly exaggerations to make it sound interesting.
here is one.
headline: bitcoin used for terrorism
terror is the act of using force, torture or intimidation to leave people feeling terrified.
recently US Marshals had a hoard of bitcoins which they subsequently used to fund their training, weapons and court costs to be able to go and terrorize citizens threatening them with weapons to open the door or they will kick it down. removing peoples property. many people can easily admit if they heard a banging at a door from guys with guns threatening to break the door down they would be terrified. and this has been funded by bitcoins.
it is shamful because fiat has been used by criminals for years and i dont here anyone complaining about that.....
bullish
Yet another shameful article linking Bitcoin to (cyber)criminals:
https://www.technologyreview.com/s/601643/companies-are-stockpiling-bitcoin-to-pay-off-cybercriminals/
https://www.technologyreview.com/s/601643/companies-are-stockpiling-bitcoin-to-pay-off-cybercriminals/
Damn, this kind of thing is what makes bitcoin will never be accepted by all circles of society, and make government more incentive would prohibit bitcoin in their country.
That's nonsense, if you compare the amount of crime done in cash compared to Bitcoin, you will realize how it's less than 1% of crime committed in Bitcoin, compared to cash.
In any case, governments will be forced to use Bitcoin if they want to get rid of ramsonware, deal with it.
I don't think that's the case at all if you take that proportionally. To deny that Bitcoin was and it's still fueled by black market, tax evasion, illegal trading and other activities is naive at this point. This all started with Silk Road, that image of BTC will be forever linked to that for average consumer.
This is the companies own fault and (if) they're stockpiling on Bitcoin because they want to. If they can afford to put money where there are still risks, they can afford to hire good IT technicians that are permanently monitoring the network and that work to make it as robust and secure as possible. Looks like companies never heard of "better safe than sorry" or they simply prefer to be sorry everytime.
This is a very concerning reality that's been present for quite a long time. If companies don't protect themselves, it's their loss: they'll eventually get hacked and people will request money from them (Bitcoin or fiat), unfortunately.
Quote
Almost half of respondents in the Citrix survey said that company data was not backed up at least daily.
This is a very concerning reality that's been present for quite a long time. If companies don't protect themselves, it's their loss: they'll eventually get hacked and people will request money from them (Bitcoin or fiat), unfortunately.
Yet another shameful article linking Bitcoin to (cyber)criminals:
https://www.technologyreview.com/s/601643/companies-are-stockpiling-bitcoin-to-pay-off-cybercriminals/
https://www.technologyreview.com/s/601643/companies-are-stockpiling-bitcoin-to-pay-off-cybercriminals/
Damn, this kind of thing is what makes bitcoin will never be accepted by all circles of society, and make government more incentive would prohibit bitcoin in their country.
That's nonsense, if you compare the amount of crime done in cash compared to Bitcoin, you will realize how it's less than 1% of crime committed in Bitcoin, compared to cash.
In any case, governments will be forced to use Bitcoin if they want to get rid of ramsonware, deal with it.
Oh, they will, they will. And remember: banning is so much simpler than regulation who are the companies
These companies are just as fictitious as the article... not to be taken seriously. If someone did the research to acquire the knowledge to buy Bitcoin, they would have known that it takes nearly no time at all to
buy Bitcoins. I would much rather just invest in a good backup system, with incremental offline backups stored off site. The smaller companies with no IT staff and security experts, will probably go this route to
save some downtime, but that would be foolish to give into these ransom demands. Just make backups regularly, and you will be fine.
Yet another shameful article linking Bitcoin to (cyber)criminals:
https://www.technologyreview.com/s/601643/companies-are-stockpiling-bitcoin-to-pay-off-cybercriminals/
https://www.technologyreview.com/s/601643/companies-are-stockpiling-bitcoin-to-pay-off-cybercriminals/
Damn, this kind of thing is what makes bitcoin will never be accepted by all circles of society, and make government more incentive would prohibit bitcoin in their country.
That's nonsense, if you compare the amount of crime done in cash compared to Bitcoin, you will realize how it's less than 1% of crime committed in Bitcoin, compared to cash.
In any case, governments will be forced to use Bitcoin if they want to get rid of ramsonware, deal with it.
It's been scientifically proven that bitcoin exposure turns you into a deviant.
Funny because it's true?It's not that bitcoin turns people into scumbags, but that those attracted to bitcoin are already latent scumbags. Sawed off shotguns don't turn people into criminals, but odds are the guy carrying a sawed-off is one.
There is a survey, "commissioned by Citrix and carried out by Censuswide [that] quizzed 250 IT and security specialists in companies with 250 or more employees across the UK"
From [what I believe to be an exhaustive] list below, which do you believe? (you may chose more than one):
1. Citrix never commissioned Censuswide to conduct a survey; Citrix lied.
2. Citrix commissioned Censuswide to conduct a survey, which Censuswide never conducted; Censuswide lied.
3. A survey quizzing "250 IT and security specialists in companies with 250 or more employees across the UK" is not research.
4. Fuck U h80r, leave bitcoin alone!
From [what I believe to be an exhaustive] list below, which do you believe? (you may chose more than one):
1. Citrix never commissioned Censuswide to conduct a survey; Citrix lied.
2. Citrix commissioned Censuswide to conduct a survey, which Censuswide never conducted; Censuswide lied.
3. A survey quizzing "250 IT and security specialists in companies with 250 or more employees across the UK" is not research.
4. Fuck U h80r, leave bitcoin alone!
5. there was a survey.. about IT security guidelines of the FTSE350 companies where 2 thirds (yep they got those numbers inaccurate too as 2/3 of 350 isnt exactly 250)... but nothing related/mentioned in those guidelines about stockpiling bitcoins!!
thats the third post i have said these words..
Link to the Censuswide study & why you think it's the study being referenced by the article.
It's been scientifically proven that bitcoin exposure turns you into a deviant.
The moment my first satoshis arrived i touched my grandma inappropriately and it's developed from there.
I for one embrace this new phase in my life wholeheartedly.
The moment my first satoshis arrived i touched my grandma inappropriately and it's developed from there.
I for one embrace this new phase in my life wholeheartedly.
There is a survey, "commissioned by Citrix and carried out by Censuswide [that] quizzed 250 IT and security specialists in companies with 250 or more employees across the UK"
From [what I believe to be an exhaustive] list below, which do you believe? (you may chose more than one):
1. Citrix never commissioned Censuswide to conduct a survey; Citrix lied.
2. Citrix commissioned Censuswide to conduct a survey, which Censuswide never conducted; Censuswide lied.
3. A survey quizzing "250 IT and security specialists in companies with 250 or more employees across the UK" is not research.
4. Fuck U h80r, leave bitcoin alone!
From [what I believe to be an exhaustive] list below, which do you believe? (you may chose more than one):
1. Citrix never commissioned Censuswide to conduct a survey; Citrix lied.
2. Citrix commissioned Censuswide to conduct a survey, which Censuswide never conducted; Censuswide lied.
3. A survey quizzing "250 IT and security specialists in companies with 250 or more employees across the UK" is not research.
4. Fuck U h80r, leave bitcoin alone!
5. there was a survey.. about IT security guidelines of the FTSE350 companies where 2 thirds use the guidelines... but nothing in the guidelines is related or mentioned stockpiling bitcoins!!
thats the third post i have said these words..
this whole thread is just playing a game of chinese whispers to distort real information and then use naivety and lack of research as a bases to try and suggest that big companies are starting to hoard bitcoin.
its like suggesting that someone had sex with another persons mother.. trying to show no actual proof but if they tell enough people that the proof would be that everyone knows about it.
Now my take on this is that the more bitcoin is linked to nefarious activities, the greater the allure. Any news is good news for bitcoin as far as adoption goes by the masses.
Britain's worst paedophile: Pervert, 30, abused HUNDREDS of young victims at Christian orphanages across south-east Asia - but why did UK police not raise the alarm?
Britain's worst paedophile who attacked hundreds of children in south-east Asia and used the 'dark web' to crowd-fund his abuse is facing 22 life sentences.
He turned to online paedophiles to crowdfund the abuse, allowing those who paid him in Bitcoins access to videos of him raping his victims.
Read more: http://www.dailymail.co.uk/news/article-3620004/Britain-s-worst-paedophile-Richard-Huckle-admits-scores-attack-children.html#ixzz4AQZFj4Q3
Follow us: @MailOnline on Twitter | DailyMail on Facebook
Britain's worst paedophile who attacked hundreds of children in south-east Asia and used the 'dark web' to crowd-fund his abuse is facing 22 life sentences.
He turned to online paedophiles to crowdfund the abuse, allowing those who paid him in Bitcoins access to videos of him raping his victims.
Read more: http://www.dailymail.co.uk/news/article-3620004/Britain-s-worst-paedophile-Richard-Huckle-admits-scores-attack-children.html#ixzz4AQZFj4Q3
Follow us: @MailOnline on Twitter | DailyMail on Facebook
The link is to Citrix, the company which commissioned the survey. Why does that trouble you?
"Research – commissioned by Citrix and carried out by Censuswide – quizzed 250 IT and security specialists in companies with 250 or more employees across the UK to look at their strategies to defend against cyber and ransomware attacks."
For all I know, Citrix also tells car owners not to use Carnauba wax. What does that have to do with anything?
And why all the rage? Are you suggesting that the numbers are inflated? Or that Bitcoin ransomware isn't a thing?
"Research – commissioned by Citrix and carried out by Censuswide – quizzed 250 IT and security specialists in companies with 250 or more employees across the UK to look at their strategies to defend against cyber and ransomware attacks."
For all I know, Citrix also tells car owners not to use Carnauba wax. What does that have to do with anything?
And why all the rage? Are you suggesting that the numbers are inflated? Or that Bitcoin ransomware isn't a thing?
its that there is no actual research that 250 companies are stockpiling bitcoin in the UK purely for ransomware attacks.
From [what I believe to be an exhaustive] list below, which do you believe? (you may chose more than one):
1. Citrix never commissioned Censuswide to conduct a survey; Citrix lied.
2. Citrix commissioned Censuswide to conduct a survey, which Censuswide never conducted; Censuswide lied.
3. A survey quizzing "250 IT and security specialists in companies with 250 or more employees across the UK" is not research.
4. Fuck U h80r, leave bitcoin alone!
Now my take on this is that the more bitcoin is linked to nefarious activities, the greater the allure. Any news is good news for bitcoin as far as adoption goes by the masses. That might not be true as far as government regulation goes, though.
any news can be used positively. but this example should not be one to try sparking a price rise, as its bases lacks merit.
there is no need to go on a speculation price war thinking that millionaire profiting companies are grabbing bitcoins this week..
Now my take on this is that the more bitcoin is linked to nefarious activities, the greater the allure. Any news is good news for bitcoin as far as adoption goes by the masses. That might not be true as far as government regulation goes, though.
The link is to Citrix, the company which commissioned the survey. Why does that trouble you?
"Research – commissioned by Citrix and carried out by Censuswide – quizzed 250 IT and security specialists in companies with 250 or more employees across the UK to look at their strategies to defend against cyber and ransomware attacks."
For all I know, Citrix also tells car owners not to use Carnauba wax. What does that have to do with anything?
And why all the rage? Are you suggesting that the numbers are inflated? Or that Bitcoin ransomware isn't a thing?
"Research – commissioned by Citrix and carried out by Censuswide – quizzed 250 IT and security specialists in companies with 250 or more employees across the UK to look at their strategies to defend against cyber and ransomware attacks."
For all I know, Citrix also tells car owners not to use Carnauba wax. What does that have to do with anything?
And why all the rage? Are you suggesting that the numbers are inflated? Or that Bitcoin ransomware isn't a thing?
bitcoin ransomware is a thing.. but the numbers are non-existant
im just addressing the fact that there is a lack of actual research, and that the OP along with alot of people re blindly believing this stuff just because of a headline that has nothing to back it up but opinion.
there is no actual research that 250 companies are stockpiling bitcoin in the UK purely for ransomware attacks.
there is just someones blog who wrote an opinion, and tried to make it sound real by quoting a article. and the article quoted research unrelated to stockpiling bitcoins.. but neither of these two actually show that 250 or even two thirds of FTS350 are actually stockpiling bitcoins.
people who blindly take a headline as being true without researching it are the same kinds of people who should never be in a court jury. with the mindset being "he must be guilty of the crime otherwise he wont be standing in court in the first place" and not even look at the evidence
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