[2016-07-03] newsbtc.com| Bitcoin Ransomware May Soon Become a Thing of the Past

[eye4bd]

Bitcoin Ransomware May Soon Become a Thing of the Past

Ransomware has been around since 1989 after Joseph Popp created the first malware known as AIDS or PC Cyborg. After 27 years, internet users are still finding themselves becoming targets to advanced versions of these malware which holds them for ransom by encrypting all the files on their computer. Almost all ransomware demand varying amounts in ransom to be sent in the form of bitcoin to the creator or distributor of the malware in order to get the decryption tool to regain access to the files....

http://www.newsbtc.com/2016/07/03/bitcoin-ransomware-may-soon-become-thing-past/

[Kprawn]

I have yet to see anyone forcing a mixer service to reveal the information linked to a Malware attack. I guess if they are being subpoenaed they would have to give the information, but I think this will

only be done, if it is linked to national security threats. So, yes.. it's not impossible to track these coins, but it's definitely not going to be as easy as walking into a bank and just drawing a report. We

have not seen a end to this menace for a long time to come.   

[Kaneki]

Many people are convinced that bitcoin is the currency for the crime. Thanks to mainstream media and its relentless coverage of crimes involving bitcoin, people are more aware of the negative aspects of bitcoin than the positive ones,There have been few successful cases where the law enforcement agencies have been able to investigate and crackdown on those involved with bitcoin and illegal activity. Silk Road and the arrest of Ross Ulbricht is one such example. It is just a matter of time before the long arm of the law catches up with the bitcoin using cybercriminals, putting an end to the ransomware menace.