Ransomware and Cyber Extortion: Response and Prevention
by Sherri Davidoff, Matt Durrin, Karen Sprenger
Chapter 8
Payment
Yesterday’s price is not today’s price!
—Fat Joe
Learning Objectives
Know the risks and potential outcomes associated with ransom payments
Gain familiarity with key regulatory issues surrounding ransom payments that can place victims in legal jeopardy and at risk of government enforcement actions
Understand the cryptocurrency payment process, including the strategy, timeline, and typical steps
Learn how to gain access to large volumes of cryptocurrency quickly, and coordinate with third parties to ensure a smooth payment process
In the fictional worlds of television and movies, paying a digital ransom seems easy. Ask the criminals for their account number, open a payment app, press “Send,” and watch while the bad guys confirm ...
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