BSides London 2021 BSides London 2021

Saturday, November 13, 2021

Decriminalization of Ransomware

Ransomware is becoming legitimized through acceptance of business risk. When accountants rationalize paying the ransom as a cost of doing business, it makes the act of providing the ransomware a security service. Just like any service, ransomware providers can be negotiated on price. Furthermore, we already have a set of laws that provide punishment for the consequences of ransomware. Legitimizing ransomware and making it a service can provide an economic benefit by allowing for the taxing of the recipients on top of the tax benefits the accountants have made by writing this off as a business expense.