this post was submitted on 22 Jan 2024
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Agreed. It WOULD make them almost entirely go away, though. CEO’s are required to do what is best for their bottom line, BY LAW. So, IMO it is essential that this is codified into law in the US in particular because that is the ONLY language that multinational corporations understand and spend real money on fixing.
IMO, It would also help to tip the badly imbalanced scales of profit over to the side of white hat hackers too since organizations that employ black hat hackers creating ransomware make literally TENS OF BILLIONS a year. If I were a hacker (I’m not), at the current market rate, being a white hat hacker is significantly less profitable.
What do you think about ideology of restricting or criminalizing paying ransoms then?
If paying the criminals was also a criminal offense, aside from companies that would still pay, would that curb the majority?