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Can the Law Stop Ransomware?

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Can the Law Stop Ransomware?

Postby MrFredPFL » Sat Apr 14, 2018 8:47 pm

Story :

STUNNING RANSOMWARE attacks like those that recently hobbled Atlanta and Baltimore have thus far defied a legislative solution, with lawmakers in only a handful of states having criminalized the activity and experts skeptical that harsher laws would even make a difference.

The attack on Atlanta last month, which reportedly struck five of 13 city agencies and forced some 8,000 city workers to take their computers offline while preventing residents from paying traffic tickets or water bills, was among the highest profile of a series of incidents that have targeted U.S. municipalities in recent years. As the city was attempting to recover its computer systems, reports emerged that a similar attack had shut down the computer assisted dispatch function of Baltimore's 911 emergency system.

Just about every jurisdiction at the state and local level has implemented computer crime laws, experts say, and all 50 states have more recently instituted data-breach disclosure laws, which require private companies to inform affected customers and state attorneys general about any hacks.

But fewer states have adopted laws specifically targeting ransomware and outlining potential criminal penalties for unleashing it. Legislators in Georgia just last week passed a law that would bar computer users from using any device, app or website in violation of the terms of use. Michigan Gov. Rick Snyder, a Republican, only last week signed a pair of bills that criminalize the possession of ransomware.

no, it can't.

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Re: Can the Law Stop Ransomware?

Postby ejonesss » Sun Apr 15, 2018 8:25 pm

actually in theory it could.

bitcoin is the means of funding for the most part so by having crypto coins with so many taxable events.

when you mine it as soon as it is in your wallet you have to report it.

moving to another wallet you have to report.

exchanging to another crypto you have to report.

so maybe the irs has the solution to ransomware problem
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